Black market Dollar to Naira exchange rate today April 18, 2024: GBP, EUR to Naira

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Dollar to Naira black market exchange rate today
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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 April 18, 2024, 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) yesterday closed at N1130 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 N1040
Selling Rate N1050

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 1,141
Selling Rate 1,144

 

 

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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: N1,419
  • Selling Rate: N1,425

Euro to Naira black market Today

Euro to Naira exchange rate Today

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  • Buying Rate: N1,219
  • Selling Rate: N1,215

 

Meanwhile, at the Lagos Parallel Market, popularly referred to as the Black Market, the exchange rate between the US dollars and the Naira concluded at 1650 per dollar yesterday, as reported by sources in the Bureau De Change (BDC).

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IMF Revises Nigeria’s Economic Growth Forecast Upwards to 3.3%

 

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The International Monetary Fund (IMF) has adjusted Nigeria’s economic growth projection for 2024, increasing it from three percent to 3.3 percent. This update was disclosed in the IMF’s World Economic Outlook for April, unveiled during the ongoing 2024 Spring Meetings of the World Bank and IMF in Washington, United States.

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The revised forecast represents a 0.3 percentage point uptick from the previous 3.0 percent growth estimate outlined in the IMF’s January 2024 World Economic Outlook. However, the IMF has adopted a more cautious outlook for 2025, trimming Nigeria’s economic growth forecast to 3.0 percent, a marginal decrease from the 3.1 percent anticipated earlier in January.

 

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While maintaining its 3.8 percent economic growth forecast for 2024 across the broader Sub-Saharan Africa region, the IMF has adjusted downwards its 2025 forecast to 4.0 percent, down from the previously projected 4.1 percent.

 

On a global scale, the IMF has moderately raised its growth projection for 2024 to 3.2 percent, up from the 3.1 percent forecasted in the January 2024 World Economic Outlook. The forecast for 2025 remains unchanged at 3.2 percent.

 

Explaining the global economic outlook, the IMF noted, “Global growth, estimated at 3.2 percent in 2023, is projected to continue at the same pace in 2024 and 2025.” However, this projection falls below the historical annual average of 3.8 percent (2000–19), attributed to restrictive monetary policies, withdrawal of fiscal support, and low underlying productivity growth.

 

The report also delves into expected trends in various economies, stating, “Advanced economies are expected to see growth rise slightly, with the increase mainly reflecting a recovery in the euro area from low growth in 2023, whereas emerging market and developing economies are expected to experience stable growth through 2024 and 2025, with regional differences.”

 

Regarding sub-Saharan Africa, the IMF forecasts a growth increase from an estimated 3.4 percent in 2023 to 3.8 percent in 2024 and 4.0 percent in 2025. This positive outlook is attributed to reduced impacts of previous weather shocks and gradual improvements in supply issues. The report also highlights negative adjustments for Angola, counterbalanced by positive revisions for Nigeria due to a contraction in the oil sector.

 

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