Black market Dollar to Naira exchange rate May 12 , 2024 & Latest Business News in Nigeria

Dollar to Naira black market exchange rate today

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, Euro to Naira black market, Pounds to Naira black market for May 12, 2024, below. You can easily 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, Abuja and Port Harcourt  Parallel Market (Black Market) yesterday closed at an average N1,465 per dollar according to data obtained from Bureau De Change (BDC) operators. 


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Dollar to Naira Black Market Rate Today.

How much is $1 in Nigeria black market today?


Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1,465
Selling Rate N1,480

CBN exchange rate dollar to Naira today

The CBN exchange rate dollar to Naira today is:

Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate 1,421
Selling Rate 1,425




The Dollar to Naira Bank rate today is also the same as the CBN official rate. The only difference is just one to two naira difference from one bank to another.

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.


The rates you buy or sell forex at Aboki exchange rate today in Lagos and other Aboki Forex rates may be different from what is captured in this article because prices vary.

Pounds to Naira Today

Pounds to NGN CBN Rate Today

  • Buying Rate: N1,781
  • Selling Rate: N1,785

Euro to Naira black market Today

Euro to Naira exchange rate Today

  • Buying Rate: N1,531
  • Selling Rate: N1,535

Latest business news in Nigeria for Sunday, May 12, 2024

Here are the latest business news headlines in Nigeria for today.

EFCC accuses banks of informing customers of investigation activities: A call for increased discretion has come from Mr. Ola Olukoyede, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) regarding the disclosure of information on customers under investigation by Commission.


XEJet plane veers off Lagos airport runway: An XEJet Airlines aircraft skidded off runway 18L at the Murtala Muhammed Airport, Lagos, on Saturday morning.

Femi Adebayo, RMD, Iya Rainbow take home awards at 2024 AMVCA: Nollywood star, Femi Adebayo, on Saturday won the Best Indigenous Language Film award at this year’s Africa Magic Viewers Choice Awards (AMVCA) held in Lagos.

Govt restarts demolition of illegal structure on Lagos Island markets: The Lagos State government has resumed the removal of illegal structures in Lagos Island markets.


Latest business news in Nigeria for Saturday, May 11, 2024

NNPC, First E&P JV Empower NGOs With N53.4m: The Nigerian National Petroleum Company Limited (NNPC Ltd.) and First Exploration & Production Limited (First E&P) Joint Venture (JV) have donated the sum of N53 million to NonGovernmental Organisations (NGOs) in Nigeria.

Bloomberg: Naira, World’s Worst Performing Currency: The naira has reversed recent gains and is now the world’s worst performing currency in the last month, increasing pressure on the central bank to keep raising interest rates, Bloomberg reported Friday.

Fuel scarcity will soon be over, Senate leader assures Nigerians: The Senate Leader, Opeyemi Bamidele, has assured Nigerians that the fuel crisis being experienced in the country will soon be a thing of the past.


Recapitalisation: Banks Grapple With CBN’s Stringent Monetary Measures: The Central Bank of Nigeria’s (CBN) monetary policies, typified by high Monetary Policy Rate (MPR) currently at 24.75 percent, Cash Reserve Requirement (CRR) at 32.5 percent and liquidity ratio at 30 percent, are having a toll on banks’ recapitalisation efforts.

$140m Binance Bribe: Rep Okafor Threatens Legal Action, Denies Culpability: The Deputy Chairman of the House of Representatives Committee on Delegated Legislation, Hon. Dominic Ifeanyi Okafor (APGA, Anambra) has threatened to sue for defamation over allegations that he collected a $140 million bribe from Binance Cryptocurrency.

Tinubu Commission Lithium Processing Factory In Nasarawa: President Bola Tinubu, on Friday, commissioned a Lithium processing factory built in Nasarawa State by a Chinese firm, Avatar New Energy Materials Company Limited.