Black Market Dollar To Naira Exchange Rate Today 23rd July 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 22nd July, 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 N580 and sell at N630 on Friday, 22nd July, 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
580

Selling Rate
630

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

Revenue Falls By N1.89tn, Nigerians Face Tougher Times

Economic and energy experts have predicted tougher days for Nigerians as the Federal Government plans to spend the sum of N6.7tn on fuel subsidy next year and a major shortfall in government oil revenue in 2022.

The four-month fiscal report of the economy was released the Minister of Finance, Zainab Ahmed, on Thursday, during a public consultation on the 2023-2025 Medium Term Expenditure Framework/FSP.

Ahmed stated, “Crude oil production challenges and PMS subsidy deductions by NNPC constitute significant threat to the achievement of our revenue growth targets, as seen in the 2022 Performance up to April.

“Bold, decisive and urgent action is urgently required to address revenue underperformance and expenditure efficiency at national & sub-national levels.”

Ahmed said the subsidy projection was based on business-as-usual or reform scenarios, noting that the first scenario assumed that subsidy would be retained and fully provided for.

This article was originally published on Naija News