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 24th September 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 N985 and sell at N988 on Sunday, 24th September 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 | N985 |
| Selling Rate | N988 |
Speculations have emerged that the Federal Government might have to pay about N1.68 trillion as subsidy on Premium Motor Spirit, (PMS), popularly called petrol, from September to December 2023.
This is a sequel to reports that the government had quietly returned the fuel subsidy regime that President Bola Tinubu cancelled on May 29 when he was inaugurated.
On Thursday, Naija News reported that there were strong indications that the Federal Government had quietly returned to the fuel subsidy regime, with the payment of N169.4 billion as subsidy for the month of August.
This platform understands that the payment of N169.4 billion as subsidy in August was to keep the pump price at N620 per litre.
According to Daily Trust, N169.4 billion paid as subsidy for August was part of the dividends paid by the Nigerian Liquefied Natural Gas (NLNG) for the same month.
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