Black Market Dollar To Naira Exchange Rate Today 11th May 2022

By: Godwin Offor / May 11, 2022 / 1000

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 10th May, 2022 below. You can swap your dollar to Naira at these rates.

How much is dollar to naira today in 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 N580 and sell at N592 on Tuesday, 10th May, 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 580
Selling Rate 592

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

Nigeria’s Debt Servicing Hits $101m In January – CBN

The Central Bank of Nigeria (CBN) has disclosed that the country’s monthly debt service rose by $31.46m in one month to $101.29m in January 2022.

According to data released on debt service repayment, the apex bank stated that figures indicate a 45 percent increase month-on-month.

The data showed that the government spent $148.57m and $85.23 on debt service repayment in November and October 2021 respectively.

The apex bank also added that the government spent $69.83m on debt service repayment in December.

The Debt Management Office had disclosed that Nigeria’s outstanding debt stood at N39.57tn or $95.78bn as of the end of December 2021.

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