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 January, below. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N748 and sell at N754 on Friday 27th January 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 Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N748 |
| Selling Rate | N754 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
FG Budgets N1.2tn To Service CBN Loans
The Federal Government plans to spend N1.2tn on servicing the loans it got from the Central Bank of Nigeria (CBN) through the Ways and Means Advances.
Ways and Means Advances is a loan facility used by the central bank to finance the government in periods of temporary budget shortfalls subject to limits imposed by law.
According to The Punch, the 2023 fiscal framework document showed that the Federal Government allocated N6.31tn to service its total debts.
A breakdown showed that the Federal Government allocated approximately N3.3tn to service domestic debts, N1.81tn for foreign debts and N1.2tn for ways and means.
The document also showed that this was the first time the Federal Government was making a budgetary allocation for ways and means.