Naira to Dollar Black Market Rate Today 19th July 2023

Check the current 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 18th July below. Find out the rates to swap your dollar for Naira.

How much is a dollar to naira today in the black market? Dollar to Naira Exchange Rate Today Black Market (Aboki Dollar Rate): On Tuesday, 18th July 2023, the exchange rate for a dollar to Naira at the Lagos Parallel Market (Black Market) was buying at N820 and selling at N825, according to sources at the Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and advises individuals who want to engage in Forex transactions 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: N820 Selling Rate: N825

Please be aware that the rates you buy or sell forex may differ from what is captured in this article as prices fluctuate.

Nigeria’s Inflation Hits 22.79% in June The National Bureau of Statistics (NBS) disclosed on Monday that Nigeria’s inflation rate rose for the sixth consecutive time to 22.79% in June 2023.

The inflation rate reached a new 17-year high of 22.79% in June 2023, compared to 22.41% in the previous month.

The NBS report stated, “In June 2023, the Headline inflation rate rose to 22.79% relative to May 2023 headline inflation rate, which was 22.41%. Looking at the movement, the June 2023 Headline inflation rate showed an increase of 0.38 percentage points compared to May 2023 headline inflation rate.

“On a year-on-year basis, the Headline inflation rate was 4.19 percentage points higher compared to the rate recorded in June 2022, which was 18.60%. This shows that the Headline inflation rate (year-on-year basis) increased in June 2023 when compared to the same month in the preceding year (i.e., June 2022).”

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