Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 5th November 2024

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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 4th 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 N1720 and sell at N1730 on Monday 4th 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 (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	N1720
Selling Rate	N1730

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	CBN Rate Today
Buying Rate	N1664
Selling Rate	N1665

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

Naira Scarcity Resurfaces In Kano State

Reports emerging on Monday revealed that residents of Kano State, Nigeria’s centre of commerce, are witnessing naira scarcity.

It was gathered that even Point of Sale (POS) operators, where residents find solace during emergencies, are at the moment lamenting over the resurging scarcity in the state.

According to Daily Trust, the development is already hitting businesses and threatening the survival of the people by the day.

A resident, Halliru Akilu, who spoke to journalists on the development, said: “Honestly, these days there is scarcity of cash. I don’t normally come out with cash with me. What I do is to locate where cash it so as to get it; but it’s now hard.

“When you visit some Point Of Sale (POS), you hardly get ₦1,000 or ₦2000. When I am about to go to work, it becomes a challenge every day because they hardly accept transfers; you have to get cash.”

He urged authorities to investigate the issue as it affects businesses and livelihoods.