Naira Rate: What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx).
How much is dollar to naira today in 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 N570 and sell at N585 on Saturday, April 23rd 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 Black Market Rate Today
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.
“Why CBN Can’t Float Exchange Rate – Emefiele “
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Saturday said that Nigeria can’t afford to operate a floated exchange rate system despite advice from the World Bank and other global financial institutions.
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The CBN Governor disclosed this while speaking at the IMF/World Bank Spring Meetings in Washington DC, United States.
Emefiele had stated this while reacting to the call by the World Bank Group President, David Malpass calling on Nigeria to stick to a single exchange rate policy.
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According to the CBN Governor, different countries are faced with diverse economic issues and would tackle them differently.