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 16th October, 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 N735 and sell at N742 on Sunday 16th October 2022, 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 | 735 |
| Selling Rate | 742 |
The Minister of Trade and Investment, Otunba Niyi Adebayo, has pushed for the support of non-oil export to boost the economy with an estimated size of $420bn.
Naija News reports that Adebayo during the annual general meeting of the Manufacturers Association of Nigeria Export Group, which was held in Lagos made the request on Thursday.
According to him, it is imperative for the diversification of the Nigerian economy in the present economic realities.
He stressed the need for the nation to move beyond oil and export of raw commodities and build a vibrant manufacturing sector capable of exporting finished goods that could boost the nation’s foreign exchange earnings.
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