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The Dollar to Naira exchange rate at the black market, also known as the parallel market (Aboki FX), has continued to attract attention from Nigerians involved in foreign exchange transactions.
According to Bureau De Change (BDC) sources in Lagos, the US Dollar is being bought at ₦1,411 and sold at ₦1,421 in the parallel market today.
Dollar to Naira Black Market Rate Today (Aboki FX)
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| US Dollar (USD) | ₦1,411 | ₦1,421 |
CBN Dollar to Naira Exchange Rate Today
The official exchange rate published by the Central Bank of Nigeria (CBN) shows:
| Currency | CBN Rate |
|---|---|
| Highest Rate | ₦1,379 |
| Lowest Rate | ₦1,374 |
The Central Bank of Nigeria (CBN) has consistently maintained that it does not recognize the parallel (black) market for foreign exchange transactions. The apex bank advises individuals and businesses seeking foreign exchange to obtain it through authorized financial institutions and licensed commercial banks.
It is important to note that black market exchange rates may differ across locations and traders, meaning the actual buying or selling price could vary from the figures quoted above
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Finance