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 3rd February, 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 N1600 and sell at N1610 on Monday 3rd February, 2025, 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 (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1600 |
| Selling Rate | N1610 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | N1499 |
| Lowest Rate | N1440 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Meanwhile, the federal high court in Abuja has ruled against the implementation of the excise duty on carbonated drinks, which was introduced by the Nigerian government, deeming the move unlawful.
This ruling stems from a case filed in 2022 by the Nigeria Employers’ Consultative Association (NECA), challenging the federal government’s introduction of a ₦10 per litre excise tax on non-alcoholic, carbonated, and sweetened beverages.
The tax, commonly referred to as a “sugar tax,” was intended to reduce the consumption of sugary drinks, which are linked to health issues such as diabetes, obesity, and other related conditions.
However, NECA, representing the interests of businesses, contested the introduction of the tax, asserting that it was unjustifiable.
Among the defendants named in the lawsuit were the Minister of Finance, Wale Edun, and the Minister of Budget and National Planning, Atiku Bagudu.
On Monday, NECA issued a statement announcing that Justice O.A. Egwuatu of the federal high court had dismissed the Ministry of Finance’s preliminary objection, deeming it without merit after three years of intense legal proceedings.
