Black Market Dollar To Naira Exchange Rate Today – May 14, 2024

MBlack Market Dollar To Naira Exchange Rate Today – May 14, 2024

Find out the current exchange rate for the Dollar to Naira in the black market, also known as the parallel market (Aboki fx)….. read also Black Market Dollar To Naira (NGN) Exchange Rate Report – May 5th, 2024

Below, you’ll see the black market Dollar to Naira exchange rate for May 13th. You can exchange your dollar for Naira at these rates.

Dollar to Naira Exchange Rate Today Black Market (Aboki Dollar Rate):
At the Lagos Parallel Market (Black Market), individuals are buying a dollar for N1500 and selling at N1515 on Monday, May 13th, 2024, according to sources at Bureau De Change (BDC).

Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and directs individuals interested in Forex transactions to approach their respective banks.

Today’s Dollar to Naira Black Market Rate:
Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today
Buying Rate: N1500
Selling Rate: N1515

Today’s Dollar to Naira CBN Rate:
Dollar to Naira (USD to NGN)
CBN Rate Today
Buying Rate: N1456
Selling Rate: N1457

Keep in mind that the rates for buying or selling forex may differ from those mentioned in this article due to price variations.

Additionally, in a separate report, the cost of staple food items in Nigeria, such as rice, garri, yam, and beans, has surged by over 100 percent annually, causing significant financial strain on households nationwide. This increase is reflected in the latest Selected Food Price Watch for March 2024 released by the National Bureau of Statistics (NBS), indicating sharp rises in food prices amidst escalating inflation rates. For instance, the average price of 1kg of locally sold rice increased by 152.93 percent year-on-year from March 2023 to March 2024, reaching N1,340.74. Similarly, the price of 1kg of white garri rose by 112.34 percent year-on-year during the same period, reaching N749.89.