Black Market Dollar Climbs Again Here’s Today’s Rate 28th October 2024

Black Market Dollar Climbs Again Here’s Today’s Rate 28th October 2024

What is the current exchange rate of the dollar to naira on the black market, also known as the parallel market (Aboki fx)? Check below for the dollar-to-naira exchange rate as of October 27, 2024.…..CONTINUE READING 

The dollar to naira exchange rate at the Lagos parallel market sees buyers purchasing dollars at ₦1,696 and selling at ₦1,710, according to Bureau De Change (BDC) sources. However, it’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market and advises individuals to handle foreign exchange transactions through their banks.

Dollar to Naira Exchange Rates Today:

• Black Market Rate
  • Buying: ₦1,696
  • Selling: ₦1,710
• CBN Official Rate
  • Buying: ₦1,634
  • Selling: ₦1,635

These rates can vary, so please check locally as the actual buying or selling prices may differ from those listed.

In related financial news, Nigeria’s Finance Minister Wale Edun and Oando Group President Wale Tinubu met with Afreximbank President Prof. Benedict Oramah at the World Bank-IMF Annual Meetings in Washington, D.C. Their discussions aimed to secure funding to support President Bola Tinubu’s economic reforms, especially within the energy and trade sectors.