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 23rd 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 N740 and sell at N749 on Sunday 23rd 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 | 740 |
| Selling Rate | 749 |
The Nigerian National Petroleum Company Limited (NNPC) has appointed five vice presidents to push the performance of the oil firm.
Sources from the firm told Punch that five individuals including executive directors who were at the oil company had been named vice presidents in Abuja on Thursday night.
The source explained that the appointment was in line with provisions of the Petroleum Industry Act that was passed into law in August 2021 by the President, Major General Muhammadu Buhari (retd.).
After the PIA was passed, the NNPC in September completed its incorporation as a limited liability company under the Companies and Allied Matters Act and was floated with an initial capital of N200bn.
A senior official at the oil firm said, “It is true that we now have executive vice presidents in place of executive directors. It is a form of restructuring to further enhance our delivery and performance”
The source revealed that the Group Executive Director, of Upstream, Adokiye Tombomieye, had assumed the position of Executive Vice President of Upstream while the Group Executive Director of Downstream, Adeyemi Adetunji, was named Executive Vice President of Downstream.
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