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 17th November, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N695 and sell at N710 on Thursday 17th November 2022, 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 (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N775 |
| Selling Rate | N790 |
The Economic and Financial Crimes Commission (EFCC) has disclosed that several of the over 6,000 Bureau De Change (BDC) operators in the country are unregistered.
Naija News reports that the anti-graft agency said it uncovered the development when its operatives raided some BDC offices in Abuja and Lagos to sanitise the foreign exchange sector.
According to the commission, its men acted on intelligence on some operators of BDC, noting that the arrest of such unregistered BDC operators and currency speculators in the parallel market was not indiscriminate but a product of intelligence.
It will be recalled that the move to sanitise the foreign exchange sector follows the Central Bank of Nigeria’s (CBN) announcement last month to redesign the N200, N500 and N1000 naira notes as a measure to control inflation as well as revive the economy.
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