On January 21, 2023, the Black Market exchange rate from Dollars to Naira

On January 21, 2023, the Black market exchange rate from Dollars to Naira

                                                               On January 21, 2023, the Black Market exchange rate from Dollars to Naira | Jevibe

What is the black market, often referred to as the parallel market (Aboki fx), the exchange rate for the Dollar to the Naira? See the black market exchange rate between the Dollar and the Naira on January 20th, below. At current exchange rates, you may convert dollars to naira.

How much is a dollar now worth in naira on 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 N745 and sell at N755 on Friday 20th January 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                                                            N745
Selling Rate                                                            N755

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

National Assembly To Approve N22.7tn Debt Restructuring
Senate President, Ahmad Lawan has declared the Senate is ready to approve the N22.7tn debt restructuring request made by President Muhammadu Buhari, in December last year.

Also Read: Top Nigerian Newspaper Headlines For Today, January 19, 2023

Jevibe News recalls that Buhari had urged the legislature to approve the request, noting that failure to pass the document would cost the government about N1.8tn in additional interest payment in 2023.

The lawmakers led by the Rivers West senator, Betty Apiafi, had vehemently opposed the passage of the ‘securitization’ of the advances collected from the Central Bank of Nigeria within the last ten years in addition to N1tn to be collected as fresh domestic loan.

The senate blamed the Minister of Finance, Zainab Ahmed, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, for stalling the approval of the request by delaying the provision of the necessary document containing details of the Ways and Means Advances.

The Senators alleged that both the President and the CBN governor had breached the Constitution.

During plenary on Tuesday, however, Lawan asked the executive arm of government to provide the details of the N22.7tn Ways and Means restructuring request.

The Senate President specifically ordered Ahmed and Emefiele to supply the required information within three days to the National Assembly.