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 4th January, 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 N1665 and sell at N1670 on Saturday 4th January 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 | N1665 |
| Selling Rate | N1670 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | N1540 |
| Lowest Rate | N1531 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Meanwhile, MTN Nigeria has submitted a proposal to the Nigerian Communications Commission (NCC) seeking approval for a 100% increase in service tariffs, citing mounting operational pressures.
The company’s Chief Executive Officer, Karl Toriola, disclosed this during an interview with Arise TV, explaining that the move is aimed at ensuring the telecom sector’s sustainability amidst escalating costs.
“We’ve put forward requests of approximately 100 percent tariff increases to regulators. I doubt they’re going to approve that quantum of increases because they are very, very sensitive to the current economic situation in the country,” Toriola remarked.
He further stressed that the proposed adjustment is not about short-term profits but the long-term viability of the telecom industry.
“I believe we’re all on the same side, the policymakers, the regulators, our Chairman of ALTON, Gbenga Adebayo, and the industry. We’re united because we share concerns about a few fundamental issues.
“First, human rights, are critical to driving any economy. Without a sustainable industry, the broader economy and the well-being of the people will be negatively impacted,” he added.