What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 12th July below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N797 and sell at N805 on Wednesday, 12th July 2023, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N797 |
| Selling Rate | N805 |
President Bola Ahmed Tinubu on Wednesday wrote to the National Assembly seeking an amendment to the 2022 supplementary appropriation Act.
Naija News reports that this is to allow the Federal Government source N500 billion for palliative to cushion the effect of subsidy removal.
This was disclosed in a letter read on the floor of the House during Wednesday’s plenary by Speaker Tajudeen Abbas.
The President said the money will be sourced from the 2022 supplementary Appropriation Act of N819. 5 billion.
The Speaker said the House will consider Tinubu’s request at plenary on Thursday and asked members willing to make contribution to be prepared to ‘do so’.
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