As of Monday, October 21, 2024, the Dollar to Naira exchange rate at the black market (also known as Aboki FX) in Lagos is: according to sources at Bureau De Change (BDC).
- Buying Rate: ₦1,715 per dollar
- Selling Rate: ₦1,725 per dollar
Please note that exchange rates may vary depending on location and the dealer. Additionally, the Central Bank of Nigeria (CBN) does not recognize the parallel market, encouraging individuals to use formal banking channels for foreign exchange transactions.
Regarding the CBN official rate for October 21, 2024:
- Buying Rate: ₦1,651 per dollar
- Selling Rate: ₦1,652 per dollar
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 22nd October 2024
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1715 |
| Selling Rate | N1725 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1651 |
| Selling Rate | N1652 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
For petrol prices, the National Bureau of Statistics (NBS) reported a significant rise, with the average price for Premium Motor Spirit (PMS) reaching ₦1,030.46 per litre in September 2024, reflecting a 64.5% year-on-year increase.
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