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 21st 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 N855 and sell at N865 on Friday, 21st 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 | N855 |
| Selling Rate | N864 |
As Nigeria’s inflation rate rose to a new 17-year high of 22.79 per cent in June 2023, experts have forecasted worse indices in months ahead with the latest fuel hike.
Naija News reported on Tuesday that the Nigerian National Petroleum Company (NNPC) Limited (NNPCL) announced a new hike in the pump price of petrol.
This price hike, announced on Tuesday, comes in the wake of President Bola Tinubu’s removal of fuel subsidy on May 29th.
The NNPCL Group Chief Executive Officer and Managing Director, Mele Kyari, attributed the recent rise in petrol pump price from N540 to N617 per litre to market forces.
Reacting to the development, the President Nigerian Economic Summit Group, Laoye Jaiyeole, said the situation already leads to higher inflation
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