Naira To Dollar CBN Rate Today 24th July 2023
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 14th August 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 N937 and sell at N945 on Monday, 14th August 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 | N937 |
| Selling Rate | N945 |
Some marketers have predicted that the per litre price of Premium Motor Spirit (PMS), better known as fuel or petrol, may go up again soon.
Truetells Nigeria reports that this will bring more woes on Nigerians as the citizens are yet to recover from the increase in the price of commodities and transportation following the recent hike in the petrol price by the Nigerian National Petroleum Corporation (NNPC) Limited.
Sources in the oil business confirmed to journalists during the weekend that there are strong indications that the pump price of petrol is expected to record another round of increases, the third within ten weeks.
According to the sources, the landing cost of petrol has risen month-on-month, MoM, by 37.4 per cent to N632.17 per litre in July 2023 from N460 per litre in June 2023.
The landing cost excludes other additional costs, which include deport-related charges, transportation logistics and marketers’ margin, which would combine to bring delivery at filling stations at nearly N700/litre.
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