Black Market Dollar To Naira Exchange Rate Today 21st February 2024

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 20th 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 N1800 and sell at N1825 on Tuesday 20th February 2024, 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 N1800
Selling Rate N1825

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate 1605
Selling Rate 1606

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Economic Crisis: Many Nigerians Can No Longer Afford Beer – Nigerian Breweries CEO

The Chief Executive Officer of Nigerian Breweries Plc, Hans Essaadi, has stated that due to the current economic situation in Nigeria, citizens are finding it difficult to afford beer.

Naija News reports that Essaadi made this statement on Monday during an investor call that followed the release of its 2023 results.

Essaadi noted that it had been an unparalleled year for their business in Nigeria, witnessing a notable downturn in the mainstream lager market due to Nigerian consumers’ inability to afford a Goldberg after a laborious day.

According to Bloomberg, NB incurred a foreign exchange loss of N153 billion attributed to the devaluation of the naira for the year ending December 2023.

NB increased the prices of its products in August 2023 to offset the continuous surge in input costs.

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