Aboki Exchange Rate Today 5th July 2023, Aboki dollar rate may be seen below.
This research is based on data received from black market FX operators. The dealers specifically stated that they acquire FX from consumers at an average of N775/$1 and sell at an average of N780/$1. They did, however, caution that the cost could change depending on the transaction, cash, or transfer method. That is, if you have tangible cash to exchange, you will most likely get a better rate.
How much is the dollar exchange rate to Naira in Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES TODAY: dollar to naira exchange rate today black market.
- Dollar to Naira exchange rate: Dollar to Naira Black Market Rate Today 5th July 2023
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N775
Selling Rate N780
The local currency opened at N780.00 per $1 at the parallel market otherwise known as the black market today Sunday, in Lagos Nigeria.
The black market exchange rate between the US Dollar (USD) and the Nigerian Naira (NGN) is an important factor for individuals and businesses involved in international transactions. The Aboki exchange rate refers to the unofficial rate at which the USD is bought and sold in the black market in Nigeria. As of July 5th, 2023, the exchange rate for the USD to NGN in the black market is as follows:
- Buying Rate: N770
- Selling Rate: N777
Even though the dollar to naira opened in the parallel market at N780 per $1 today, STECHITEGIST reports that the Central Bank of Nigeria (CBN) does not recognise 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.
StechiteGist reports that in the black market, the players buy a dollar for NN775 and sell for N780 on Wednesday 5th July 2023.