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 3rd July 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 | N767 |
| Selling Rate | N775 |
Prices of Premium Motor Spirit, popularly called petrol have reportedly been reduced at some private depots.
Naija News gathered that the Secretary, Abuja-Suleja, of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mohammed Shuaibu made the revelation to The Punch.
According to him, the cost of fuel is set to come down in the coming weeks, given that more marketers including the independent markets would soon join the importation of the product.
He confirmed that some private depot owners were already cutting down the cost of the commodity, lower than the rate being sold by the NNPCL.
According to him, IPMAN was ready to compete with the NNPCL and major marketers to force down the cost of petrol nationwide.
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