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 N749 and sell at N765 on Tuesday 25th October 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 | 749 |
| Selling Rate | 765 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Nigerians May Buy Kerosene At More Costly Price
A report by the Nigerian Bureau of Statistics has shown that the price of cooking Kerosene may go up again from its current unfriendly cost across states. An in-depth view by a former Director-General of Lagos Chamber of Commerce and Industry, Dr Muda Yusuf, who charged the federal government to intervene in the commodity price hike immediately, further backed the report of the NBS, Naija News reports. During an interview with The PUNCH, Yusuf said unless the government intervene to bring down the costs of the product quickly, it may aggravate the suffering of the poor masses. “The astronomical increase in the price of cooking kerosene will further aggravate the poverty situation in the country. Household kerosene is not a luxury. It is a necessity. It is bad enough that we are grappling with high food inflation, and now there is an additional burden of an escalating cost of cooking the food. “So for the average Nigerian and the poor, this is an added burden, and obviously, the impact on poverty will be very profound,” the news platform quoted Yusuf. Based on the NBS report, average Nigerians may not be able to afford household kerosene again as the commodity price has risen by 118 per cent in the last 12 months. According to the National Household Kerosene report of the NBS for September, the average retail price per litre of the product rose by 118 per cent to N947 from N434 recorded in September 2021.This article was originally published on Naija News
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