Black Market Dollar To Naira Exchange Rate Today 29th May 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 28th May, 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 N580 and sell at N604 on Saturday, 28th May, 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
604

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

CBN Spends $3.36bn To Stabilize Naira

The Central Bank of Nigeria has in defence of Naira stability dolled out the sum of $3.36bn into the foreign exchange market.

The reported figure was injected in two months, the apex bank revealed in January monthly report on Foreign Exchange Market Developments.

The report showed that $1.71bn and $1.65bn were injected in December 2021 and January 2022 respectively.

In his narration about the Naira stability, the President of the Association of Bureau de Change Operators of Nigeria, Alhaji Aminu Gwadabe, said it was difficult for the naira to be strong because a lot of parameters were against it

This article was originally published on Nigeria News

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