Black Market Dollar (USD) To Naira Exchange Rate Today 17th May 2024

Black Market Dollar (USD) To Naira Exchange Rate Today 17th May 2024
Published on 17 May 2024 at 6:11 AM
By Noah Abdulsalam
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What is the Dollar to Naira exchange rate at the black market, also known as the parallel market (Aboki fx)?…….read also Black Market Dollar To Naira Exchange Rate: 16th May 2024 Update

See the black market Dollar to Naira exchange rate for 16th May below. You can exchange your dollars for Naira at these rates.

How much is a dollar to naira today in the black market?
Dollar to Naira exchange rate today (Aboki dollar rate):
At the Lagos Parallel Market (Black Market), players buy a dollar for N1530 and sell it at N1540 on Thursday, 16th May 2024, according to sources at the Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has directed individuals seeking Forex to approach their respective banks.

**Dollar to Naira Black Market Rate Today**
– **Dollar to Naira (USD to NGN)**
– **Buying Rate:** N1530
– **Selling Rate:** N1540

**Dollar to Naira CBN Rate Today**
– **Dollar to Naira (USD to NGN)**
– **Buying Rate:** N1491
– **Selling Rate:** N1492

Please note that the rates you buy or sell forex may vary from what is captured in this article.

**Tinubu-Led Govt Allocates ₦20 Trillion Pension Funds To Infrastructure Investments**
The federal government aims to boost economic growth by utilizing ₦20 trillion from the nation’s pension funds to finance vital infrastructure projects nationwide.
Finance Minister and coordinating minister of the economy, Wale Edun, disclosed this to State House correspondents after President Bola Tinubu presided over the Federal Executive Council meeting at the Presidential Villa.
He mentioned that the initiative is a crucial part of Tinubu’s comprehensive reforms aimed at stabilizing the economy amidst high inflation and interest rates.
He stated that the government will work closely with private sector players to access the over ₦20 trillion pool of long-term funds available with Nigeria’s pension, life insurance, and investment funds.