Black Market Dollar To Naira Exchange Rate Today 24th June 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 23rd June, 2022, 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 N590 and sell at N607 on Thursday, 23rd June, 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
590

Selling Rate
607

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

Warm Up For N19bn Oil And Gas Revenue Loss – World Bank To Nigerian States

The international financial institution, World Bank has asked Nigerian states to prepare for massive revenue loss in oil and gas this year.

Naija News understands that the world lending financial institution raised the alert in its Nigeria Development Update report released in the public domain this week.

The report warned that many states would find it difficult to meet up with their expenditures this year, saying there was an increase in debt servicing expenditures of States.

The World Bank said the Nigerian states will likely lose no fewer than N18.8bn in oil and gas revenues in 2022, as worsening revenue collection at the federation level increases budgetary pressures for the states.

The report titled ‘The Continuing Urgency of Business Unusual’ revealed that the declining revenue from the federation level had put many states in a precarious fiscal position.

This article was originally published on Naija News