Black Market Dollar (USD) To Naira (NGN) Exchange Rate For June 29, 2024

Dollar to Naira Exchange Rate Today

What is the Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx)? Below is the black market Dollar to Naira exchange rate for June 28. You can exchange your dollars for Naira at these rates.

Dollar to Naira Exchange Rate Today in the Black Market (Aboki Dollar Rate):

On Friday, June 28, 2024, at the Lagos Parallel Market (Black Market), players are buying a dollar for N1515 and selling at N1525, according to sources at Bureau De Change (BDC).

Note: The Central Bank of Nigeria (CBN) does not recognize the parallel market (black market). It has directed individuals who wish to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today	Buying Rate	Selling Rate
Black Market Exchange Rate	N1515	N1525

Dollar to Naira CBN Rate Today	Buying Rate	Selling Rate
CBN Rate Today	N1469	N1470

Please note that the rates at which you buy or sell forex may vary from the figures provided in this article.

Nigeria’s Cryptocurrency Market Estimated at Over $400 Million — SEC DG

The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama, revealed yesterday that Nigeria’s cryptocurrency market is valued at “over $400 million.”

Agama made this disclosure during the 2024 Annual Conference of the Association of Capital Market Academics of Nigeria (ACMAN) in Abuja, themed “Crypto Assets and the Nigerian Economy: Implications for Financial Markets Regulation.”

According to Agama, a “significant portion of the population is involved in cryptocurrency trading and transactions,” and he predicted that the market volume “will reach $52.5 million by 2028,” representing “a 12.66 percent increase from 2024 to 2028.”

He highlighted that despite economic challenges, Nigeria has “emerged as one of the leading countries globally in terms of crypto adoption and volume of transactions.”

Agama further stated: “Reports indicate that Nigeria’s crypto transaction volume reached $56.7 billion between July 2022 and June 2023, representing a nine percent year-over-year growth. The country’s crypto market is estimated to be worth over $400 million, with a significant portion of the population involved in cryptocurrency trading and transactions.”