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 20th 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 N600 and sell at N610 on Sunday, 19th 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 (USD to NGN)||Black Market Exchange 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.
A report by the Debt Management Office (DMO) has revealed that the Muhammadu Buhari-led government incurred N2trillion in public debt between January to March 2022, bringing the country’s total debts to N41trillion.
In December 2021, the country’s debt stood at N39.556 trillion but within three months of 2022, the country had an additional N2.048 trillion to the debt profile, the agency stated.
In the first quarter of 2022 alone, the country has spent an average of N9.94billion on debt servicing, a report by a civic group, Dataphyte, noted.
Every day of the last three months, Nigeria has spent an average of N9.94billion daily on debt service.
Combined, the cost of debt servicing in Q1 2022 alone is N895 billion which is already 32% of the total debt servicing figure for 2021.