Exchange rate for the Black Market dollar to the Naira as of February 20, 2023

Exchange rate for the Black Market dollar to the Naira as of February 20, 2023

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 19th February, below. You can swap your dollar for Naira at these rates.

Exchange rate for the Black Market dollar to the Naira as of February 20, 2023

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 N770 and sell at N777 on Sunday 19th February 2023, 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                 –           N770
Selling Rate                 –            N777

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary. NNPCL Completes Depot Repairs After 15 Months Of Inactivity
The Nigerian National Petroleum Company Limited has completed the rehabilitation of the pipeline at the Satellites depots area.

Exchange rate for the Black Market dollar to the Naira as of February 20, 2023

Jevibe News reports that the latest development was made known by Chairman, of Satellite Depots, Akin Akinrinade, after 15 months of inactivity.

Akin during an interview with PUNCH said the repairs were carried out through the NNPCL subsidiary, NNPCL Pipeline, and Marketing noting they are currently being used to transport products to its members.

Akinrinade confirmed that the depots started receiving products last week Friday and more are also still coming today, (Sunday).

According to him, the price of fuel will decrease in the next few days and the queue will gradually disappear following the completion of the Satellite depots.

He said: “Satellite depots started loading at about 12:30 pm on Tuesday after 15 months of inactivity.

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“We now load through the pipeline because the integrity has been restored.”