Current Black Market Rate: Dollar To Naira On August 13, 2024

Current Black Market Rate: Dollar To Naira On August 13, 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

See the black market Dollar to Naira exchange rate for 12th August, below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1590 and sell at N1600 on Monday 12th August 2024, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira CBN Rate Today

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

Bayo Onanuga, Special Adviser on Information and Strategy to President Bola Tinubu, has claimed that food inflation in Nigeria is on the decline.

According to Onanuga, prices for essential food items like yam and tomatoes have seen a significant reduction.

Sharing his views on X, he stated, “Food inflation is coming down as prices of yam, tomatoes decline massively.”

He was responding to a report highlighting that the price of a basket of tomatoes had fallen sharply.

According to the report from The Cable, a large basket of tomatoes at Ketu market now sells for approximately ₦55,000 to ₦60,000, a significant decrease from the ₦150,000 it cost a few months ago.

It also noted that the price of a large basket of habanero pepper (rodo) has reduced to an average of ₦25,000, compared to ₦55,000 during the peak of the price surge.