Looking to find out the current exchange rate between the US Dollar and the Nigerian Naira on the black market? Commonly referred to as the parallel market or Aboki fx, where unofficial currency exchanges occur.
Let’s look at the Dollar to Naira exchange rate for the 18th of January, 2024, according to sources at Bureau De Change (BDC). Feel free to convert your dollars to Naira using the rates provided.
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On Thursday, the 18th of January 2024, the Lagos and Abuja Parallel Market, also known as the Black Market, reported an exchange rate of ₦1,310 to a dollar for buying and ₦1,320 for selling. These figures are based on information obtained from Bureau De Change (BDC) sources.
It’s important to note that the Central Bank of Nigeria (CBN) does not recognize or endorse the parallel market. Instead, the CBN advises individuals seeking foreign exchange to approach their respective banks for official transactions.
Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
Buying Rate | ₦1,310 |
Selling Rate | ₦1,320 |
Please note that the rates you buy or sell forex may differ from what is captured in this article because prices vary.
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