Black Market Dollar To Naira Exchange Rate Today 4th 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 3rd 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 N600 and sell at N608 on Sunday, 3rd 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
600

Selling Rate
608

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

Nigeria Redeems $300m Diaspora Bond Amid Worsening Revenue

The Debt Management Office (DMO) says Nigeria has redeemed a $300m diaspora bond, which matured on June 27, 2022.

In a statement published on its website, the DMO said that the bond was issued on June 27, 2022, for a tenure of five years in the International Capital Market.

The DMO added that the proceeds from the bond were partly used to finance the deficit in the 2017 Appropriation Act.

It also assured bond investors of Nigeria’s commitment to honouring its debt obligation, urging the Nigerian Diaspora to invest more in the country.

The statement read in part, “Nigeria has again demonstrated its commitment to honouring its debt obligations as at when due by the redemption of the $300m Diaspora Bond which matured on June 27, 2022.

“The Diaspora Bond was issued on June 27, 2017, for a tenure of five years in the International Capital Market and the proceeds were used to partly finance the deficit in the 2017 Appropriation Act.

“In addition to the objective of raising funds for the Government, it was an initiative to avail the Nigerian Diaspora the opportunity to invest in their home country. With the redemption of the $500m Eurobond in January 2021 and recently, the $300m Diaspora Bond, the FGN has increased investors’ confidence in its commitment and ability to fulfil its debt obligations at maturity thereby reinforcing its presence in the International Capital Market.”

This article was originally published on Naija News