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 16th November, 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 N695 and sell at N710 on Wednesday 16th November 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 | 695 |
| Selling Rate | 710 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
NBS: Nigeria’s Inflation Hits 21.09%
The National Bureau of Statistics (NBS) has said the Consumer Price Index (CPI) which measures the change in prices of goods, increased to 21.09 percent year on year in October compared to 15.09 per cent in October 2021.
Naija News reports that the NBS made this known in a statement to newsmen on Tuesday.
According to the NBS, month-on-month, the headline inflation rate for October was 1.24 percent, which was 0.11 per cent lower than the 1.36 percent recorded in September.
It said that food inflation increased to 23.72 percent year-on-year which was 5.39 percent higher compared to 18.34 percent in October 2021.
While core inflation which excludes the prices of volatile agricultural produce stood at 17.76 per cent, up by 4.52 per cent when compared to 13.24 per cent in October 2021.
On a month-on-month basis, the core inflation rate was 0.93 per cent in October compared to 1.59 per cent in September.
This article was originally published on Naija News
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