Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 28th August 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 27th August, 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 N1605 and sell at N1615 on Tuesday 27th August 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.

Nigeria’s GDP Soars By 3.19%

Nigeria’s real Gross Domestic Product (GDP) experienced an increase of 0.21 percentage points in the second quarter of 2024 (Q2’24), rising to 3.19 per cent from 2.98 per cent in the first quarter (Q1’24).

This information was contained in a recent National Bureau of Statistics (NBS) publication.

In its GDP report, the NBS highlighted that the growth in Q2’24 was primarily fueled by the Services sector, which achieved a growth rate of 3.79 per cent and accounted for 58.76 per cent of the total GDP.

According to the NBS, Nigeria’s GDP grew by 3.19 per cent yearly in Q2’24. This growth rate surpasses the 2.51 per cent recorded in the same quarter of 2023 and is also higher than the 2.98 per cent growth observed in Q1’24.

The services sector’s performance significantly contributed to the GDP growth in Q2’24.

In contrast, the agriculture sector saw a growth of 1.41 per cent, a slight decrease from the 1.5 per cent growth noted in the second quarter of 2023.

Additionally, the industrial sector demonstrated growth of 3.53 per cent, marking a notable recovery from the -1.94 per cent recorded in the second quarter of the previous year.