Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 6th 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 5th 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 N1725 and sell at N1735 on Tuesday 5th 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.

MTN Nigeria Records ₦514.9 Billion Loss Over Naira Devaluation

MTN Nigeria Communications Plc (MTN Nigeria) has reported a loss after tax amounting to ₦514.9 billion.

This figure was recorded in the company’s financial results for the nine months ending 30 September 2024, reflecting a mixed performance.

understands that the loss recorded contrasted with a profit after tax of ₦4.1 billion in Q3 2024.

When adjusted for the net foreign exchange loss, the Profit After Tax (PAT) stood at ₦118.5 billion, representing a decline of 59.2%.

This loss is primarily attributed to the devaluation of the naira, with the ₦514.9 billion loss reflecting a decrease of ₦4.1 compared to the ₦519.1 billion reported in the half-year results.

In spite of the challenging economic environment, service revenue experienced a notable increase of 33.6%, reaching ₦2.4 trillion.

Additionally, the total number of subscribers fell by 0.9% to 77.0 million, influenced by the NIN-SIM linkage regulations, which led to the deregistration of certain Subscriber Identity Module (SIM) cards by telecom companies.

The report indicated a 5.1% rise in active data users, totalling 45.3 million, while the number of active mobile money (MoMo PSB) wallets decreased by 21.8% to 2.8 million.