Here 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 16th June, 2022, below. You can swap your dollar to Naira at these rates.
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 N580 and sell at N610 on Wednesday, 15th June, 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 | 580 |
| Selling Rate | 610 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.
Nigeria’s Inflation Surges To An 11-Month High
The National Bureau of Statistics (NBS) says Nigeria’s inflation rate increased to 17.71 per cent on a year-on-year basis in May.
This is according to NBS’ Consumer Price Index (CPI) and Inflation Report May 2022 released in Abuja on Wednesday.
The CPI measures the average change over time in the prices of goods and services consumed by people for day-to-day living, that is the inflation rate.
The report says the figure:
… is 0.22 per cent points lower, compared to the rate recorded in May 2021, which is 17.93 per cent.
This means that the headline inflation rate slowed down in May 2022 when compared to the same month in the previous year.
