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 6th October, 2022, below. You can swap your dollar to Naira at these rates.
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 October, 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 N730 and sell at N740 on Wednesday, 5th October, 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
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 730 |
| Selling Rate | 740 |
Geregu Power Firm Gains 10% On First Trading
Geregu Power Plc, the first Nigerian power company to list on the Nigerian Exchange Limited, traded on the stock exchange for the first time on Wednesday, gaining 10% at the end of trading. Despite a 0.9% decrease in market capitalization.
The Nigerian Exchange Limited earlier confirmed Geregu Power Plc’s listing on the Exchange’s main board. The NGX listed 2.5 billion ordinary shares of Geregu under the utilities sector and the electric power generation sub-sector, with the trading ticker GEREGU, at N100 per share.
The admittance of Geregu’s shares has added N250 billion to the NGX market capitalization, improving liquidity in the Nigerian capital market and offering opportunities for wealth creation.
Geregu’s stock gained N10 on its first trading day on the NGX, closing at N110 per share, up from N100 per share when it was listed by introduction, lifting market value to N275bn from N250bn.
