Dollar to naira exchange rate today

Black Market Dollar To Naira Exchange Rate Today 25th December 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 24th December, below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the 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 N735 and sell at N740 on Saturday 24th December 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 N735
Selling Rate N740

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

The World Bank has expressed concern over the economic impact of the newly redesigned naira note on Nigerians and businesses considering the short transition period.

According to the bank, households and firms are already faced with elevated financial pressures from prolonged, high inflation, recently compounded by external food and fuel price shocks, and severe floods.

Naija News gathered that the World Bank made its observation in a 68-page report titled ‘Nigeria Development Update December 2022 – Nigeria’s Choice (English).’

The bank revealed that Nigeria’s economic performance has weakened since the previous report was published in June 2022 under the title of “The Continuing Urgency of Business Unusual.”

The report noted that the timing and short transition period of the Nigerian naira redesigned notes may weigh on economic activities.

It also observed that economic activity in most major economies had slowed down in 2022 in the face of high inflation and the central banks shifting toward “contractionary” monetary policies.

Check Also

Police arrest 22 suspected thugs, declare 30 others wanted in Kano

Police arrest 22 suspected thugs, declare 30 others wanted in Kano

The Kano State Police has arrested 22 hoodlums and declared 30 others wanted in a …

Leave a Reply