Breaking: Black Market Dollar To Naira Rate Hits Unbelievable Highs On October 9, 2024

Curious about the current Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx)? Here’s the latest update on how much you can exchange your dollar for in the black market.

Dollar to Naira Exchange Rate (Black Market): As of Tuesday, October 8th, 2024, at the Lagos Parallel Market (Black Market), traders are buying a dollar for ₦1670 and selling it for ₦1680, according to sources from the Bureau De Change (BDC).

It’s important to note that the Central Bank of Nigeria (CBN) does not recognize or support the black market. For those looking to exchange foreign currency, the CBN advises dealing directly with your respective bank for official Forex rates.

Black Market Dollar to Naira Rates:

• Buying Rate: ₦1670
• Selling Rate: ₦1680

CBN Official Dollar to Naira Rates:

• Buying Rate: ₦1628
• Selling Rate: ₦1629

Please remember that exchange rates may vary depending on your location and the specific traders you deal with.

In other news, under directives from President Bola Ahmed Tinubu, the Nigerian government is working to launch direct flights to Brazil. Discussions between Nigeria’s Minister of Aviation, Festus Keyamo, and Brazil’s Ambassador to Nigeria, Carlos Garcete, are underway to implement the Bilateral Air Service Agreement (BASA) signed in 2018. This initiative is expected to boost economic ties and aviation connectivity between the two nations.