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 27th 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 N990 and sell at N994 on Wednesday, 27th 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 | N990 |
| Selling Rate | N994 |
The latest report of the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the defunct Nigeria National Petroleum Corporation (NNPC) refused to remit N2.8 trillion to the Federal Government in 2021.
Recall that NEITI had last Monday disclosed in its 2021 oil and gas report unveiled in Abuja that the defunct NNPC failed to remit $1.9 billion (N2.8 trillion) to the Federation Account Allocation Committee (FAAC) before the transition into a commercial venture.
The national oil company transitioned to NNPC Limited on July 19, 2022, to operate as a commercial entity under the regulation of the Companies and Allied Matters Act (CAMA).
However, Naija News has gathered that sources close to the presidency have also confirmed that despite NEITI’s claim of under-remittance to FAAC, the federal government also owes NNPC a sum of N4.1 trillion ($9.74 billion) as debt incurred from fuel subsidy.
President Bola Tinubu had on May 29 ended the fuel subsidy regime, saying it was no longer sustainable for the government.
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