Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 16th November 2024

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 15th November, 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 N1735 and sell at N1740 on Friday 15th November 2024, 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 CBN Rate Today

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

We Must Retain Domestic Businesses Before Seeking Foreign Investors – Trade Minister

The Minister of Industry, Trade and Investment, Jumoke Oduwole, has said the federal government must do everything possible to retain domestic businesses.

Mrs. Jumoke Oduwole explained that the best advertisement for Nigeria’s economy is domestic businesses.

In an interview with Arise TV on Monday, Mrs. Oduwole said that when the business environment, including the regulatory environment, bureaucracy, legislative, and judicial reforms, encourages domestic businesses’ growth and improves their productivity and scale, the country will be sure of more foreign investors coming in.

“For competitiveness, one of the things that is a priority for me in this new position is to make sure that we retain domestic investment.

“This has always been one of the sound bites from all the years of PEBEC, that the domestic businesses are the best advertisement for the Nigerian economy and when you can facilitate business and make things easier, regulatory environment, bureaucracy, legislative reforms, judicial reforms, that makes those businesses more comfortable, more productive and they can scale, and then we can fully advertise and beat our chest for foreign direct investment, knowing that they would get a lot of corroboration from the businesses on ground.

“So we will continue to work on that. We’ll also continue to prioritize foreign direct investments,” she said.