Aboki Rate: Latest US Dollar To Naira Black Market Rates Today, 27 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 26th 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 N684 and sell at N710 on Friday, 26th 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
684

Selling Rate
710

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

Mandate Ministries, Agencies To Patronize Local Products – MAN Tells Govt

The Manufacturers Association of Nigeria (MAN) have asked the federal government to implement an executive order which will mandate ministries, departments and agencies to patronize locally made products.

Naija News reports that the association made the call yesterday during its 36th annual general meeting themed, ‘Nigeria’s struggling economy/unstable macroeconomic policies: Lessons and challenges for the manufacturing sector’.

Speaking at the event held in Benin City, the Edo/Delta branch chairman of the association, Okwara Udensi, said there are challenges holding back the manufacturing sector in the country.

Udensi identified the factors as shortage of foreign exchange, poor electricity supply, high lending interest rates, and multiple taxes and levies.

He said also that congestion at the Lagos ports is another major factor adversely affecting the productivity of the sector.

According to him, decentralization of power generation, adoption and implementation of the Executive Order 003 will force Ministries, Departments and Agencies to give preference to local manufacturers in their procurement of goods and services.

This article was originally published on Naija News