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 25th May, below. You can swap your dollar for Naira at these rates.
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 25th May, below. You can swap your dollar for Naira at these rates.
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 | N755 |
| Selling Rate | N760 |
Central Bank of Nigeria (CBN) has increased its monetary policy interest rates to 18.5 per cent.
Truetells Nigeria understands that the decision was taken following a meeting by the Monetary Policy Committee (MPC) of the apex bank on Wednesday, May 24.
The MPC voted to increase the benchmark interest rate by 50 basis points to 18 per cent.
While reading the communique of the third MPC meeting of the year on Wednesday (today), CBN Governor, Godwin Emefiele, said the committee voted to keep the asymmetric corridor at +100 and -700 basis points around the MPR.
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