Naira To Dollar Black Market Rate Today 1st August 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 31st 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 N860 and sell at N875 on Monday, 31st 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	N860
Selling Rate	N875

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

Total Currency In Circulation Now N2.26tn, CBN Confirms

The total currency in circulation at the end of June 2023 hit N2.26tn according to figures made available by the Central Bank of Nigeria (CBN).

According to the apex bank, the currency outside banks rose by 185.68 percent (N1.47tn) between January 2023 (N792.18bn) and June 2023 (N2.26tn).

It was further learnt that the currency outside the banks rose by 87.05 per cent (N1.21tn) from N1.39tn in January 2023 to N2.6tn in June 2023.

This follows the earlier dip in figures by 235.03 per cent to N982.09bn at the end of February from N3.29tn at the end of October 2022, due to the naira redesign policy of the CBN that was operational at that time.

Figures obtained from the CBN by Punch revealed that N2.3tn was mopped up from circulation during the period under review.