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 8th November, 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 N879 and sell at N890 on Tuesday 8th November 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 | 879 |
| Selling Rate | 890 |
The National Pension Commission (NPC) has said the total assets under the contributory pension scheme lost nearly N2bn in one month.
Truetells Nigeria reports that the Commission stated this in its latest report titled, ‘Unaudited report on pension funds industry portfolio for the period ended 30 September 2022.’
According to the report, the figure, which stood at N14.426tn as of the end of August 2022, fell slightly to N14.424tn as of the end of September 2022.
The total assets under the contributory pension scheme had earlier gained N1.01tn since the beginning of the year before setting on a downward trend.
The funds, which ended December 31, 2021, at N13.42tn, rose to N14.426tn by the end of August.
According to PenCom’s report, the total number of workers with Retirement Savings Accounts was 9,792,486 as of the end of September, adding that N9.91tn or 63.73tn of the funds was invested in FGN securities.
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