Naira To Dollar Black Market Rate Today 18th 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 17th July below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N815 and sell at N820 on Monday, 17th 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 Black Market Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	N815
Selling Rate	N820

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

CBN Loans To FG Hits N25 Trillion

So far, the Central Bank of Nigeria (CBN) has loaned out the sum of N25.36 trillion to the Federal Government.

Naija News understands that the reported figure was reached following N1.83tn the federal government borrowed from the apex bank in March 2023 through Ways and Means Advances in the year’s first quarter.

Before now, the federal government owed the CBN N23.53tn as of December 2022. The figure was according to the provisional data from the apex bank through its quarterly statistical bulletin.

The Ways and Means Advances is a loan facility used by the central bank to finance the government in periods of temporary budget shortfalls, subject to limits imposed by law.

According to Section 38 of the CBN Act, 2007, the apex bank may grant temporary advances to the Federal Government with regard to temporary deficiency of budget revenue at such rate of interest as the bank may determine.