The aboki black market rate for the latest dollar to naira exchange rate today 12th July 2022, can be accessed below:
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦615 and the price can change (high or low) within hours.
How much is a dollar to naira today in the black market?
Jameela News reports that many Nigerians prefer to exchange foreign currency, particularly dollars to Naira, at the parallel market better known as the black market since the conversion rate is much higher than what Nigerian bank exchanges.
On this page, you can discover all the facts and the current rate for dollar to Naira, both the CBN and the black market rate.
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Today|
LAGOS PARALLEL MARKET RATES July 5, 2022 (BLACK MARKET): dollar to naira exchange rate today black market (Aboki dollar rate)
Lagos parallel market (black market dollar exchange rate today: $1 dollar to naira (₦615 today black market)- Aboki rate
The local currency opened at N615.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 12th July 2022, in Lagos Nigeria, after it closed at N612.00 per $1 on Monday morning, July 11, 2022.
Even though the dollar to naira opened in the parallel market at ₦615 per $1 today, Jameela News reports that the Central Bank of Nigeria (CBN) does not recognize the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
Jameela News reports that on the black market, the players buy a dollar at an estimated sum of N610 and sell for N615 on Tuesday morning, July 12, 2022, after they bought N607 and sold for N612 on Monday morning, July 11, 2022.
Meanwhile, Jameela News reports that the USD started this week at ₦605 in Parallel Market also known as Black Market on Monday, 27 June 2022, in Lagos Nigeria, after it opened at ₦605 last week Monday 20 June 2022.