Aboki Rate: Latest US Dollar To Naira Black Market Rates Today, 13 August 2022

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 12th August, 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 N660 and sell at N670 on Saturday, 12th August, 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
660

Selling Rate
670

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.

CBN Urged To Increase Forex Allocation To Manufacturers

In the bid to sustain forex management, the Association of Corporate Affairs Managers of Banks and the Chartered Institute of Bankers of Nigeria have urged the Central Bank of Nigeria to increase foreign allocation to manufacturers.

Naija News reports that the national stakeholders made the call on Thursday, during a conference between the banking industry and the Organised Private Sector in Lagos with the theme, ‘Promoting synergy between the Nigerian banking industry and Organised Private Sector’.

A communiqué issued after the conference and signed by the ACAMB President, Rasheed Bolarinwa, urged the CBN to increase foreign allocation to the real sector by restoring the priority window.

Given the crucial roles played by the two sectors in the overall growth of the national economy, stakeholders present at the conference unanimously agreed on the significance of strong collaboration and effective synergy between the banking sector and the organized private sector.

They urged the OPS to use the specialized development finance institutions set up by the government with active funding from CBN to take advantage of accessible funding.

This article was originally published on Naija News