Black Market Dollar To Naira Exchange Rate Today 4th May 2022

By: Godwin Offor / May 4, 2022 / 777

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 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 N570 and sell at N587 on Tuesday, 3rd 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 570
Selling Rate 587

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

Foreign Exchange Affected By Illicit Financial Inflows – IoDCCG Chairman

The continuous setback to African and Nigerian economic growth, trade opportunities, and social development has been linked to illicit financial inflows.

The Chairman, IoD Centre For Corporate Governance, Alhaji Shuaibu Idris, observed a stakeholders meeting attended by financial experts, Naija News understands.

While reiterating the need for all stakeholders to play positive roles in strengthening the continent’s financial growth, Idris observed that illicit financial flows contribute to terrorist activities and insecurity from the Lake Chad region, spanning through Nigeria.

Idris stressed that it was important for all stakeholders to jointly address the issue affecting Africa to reduce the impact of the inflows on the economy.

He said this at the IoDCCG stakeholder roundtable on ‘A public/private sector dialogue on strengthening anti-money laundering/countering terrorist financing and curbing illicit financial flows in Nigeria and West Africa’, an initiative of the Center for International Private Enterprise, CIPE, USA and IoD Centre for Corporate Governance in Lagos, Naija News understands.

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