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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 7th December, 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 N1640 and sell at N1650 on Saturday 7th December 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 (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1640 |
| Selling Rate | N1650 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | N1610 |
| Lowest Rate | N1565 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Residents of Akure, the Ondo State capital, are witnessing a significant reduction in the prices of some food items, even as the festive season approaches.
Market surveys carried out by The Nation revealed that the cost of a bag of garri has plummeted from ₦55,000 to ₦35,000, while a basket of tomatoes now sells for ₦60,000, down from ₦80,000.
Similarly, the price of a 50kg bag of beans has dropped sharply from ₦250,000 to ₦130,000.
Other staples like spaghetti and rice have also seen slight reductions. A carton of spaghetti, which previously cost ₦35,000, is now ₦23,000, while the price of a 50kg bag of rice has decreased marginally from ₦93,000 to ₦90,000.
However, not all commodities have followed the downward trend. The cost of palm oil has surged, with a 25-litre keg now priced at ₦54,000, up from ₦37,000. Additionally, the price of rodo pepper has skyrocketed from ₦15,000 to ₦45,000.
Despite the rising cost of some items, the overall decline in food prices is a welcome relief for many households, particularly as they prepare for the festive season.
