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Black Market Dollar To Naira Exchange Rate Today 25th November 2022

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 24th November, below. You can swap your dollar for Naira at these rates.

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 N776 on Thursday 24th 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 Black Market Rate Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N770
Selling Rate N776

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

The Edo State Government on Wednesday said it has received only N2.1 billion from the N28bn that accrued to the state as 13 percent oil derivation fund for oil producing states.

Naija News reports that the Edo State Commissioner for Budget and Finance, Joseph Eboigbe, disclosed this while briefing journalists after the weekly Executive Council (EXCO) meeting chaired by Governor Godwin Obaseki, at the Government House in Benin City.

Eboigbe noted that N1 trillion was established for oil producing states and a distribution methodology was adopted by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), adding that N28bn accrued to the state and will be paid in 5 years of 20 tranches.

He said, “The net amount will come to each state for over five years in 20 tranches. Each year, you will have quarterly remittances, which is four releases each year for over five years. Due to some court cases from some states, the releases started this year October 2022.

“The Edo State Government got three tranches of N700 million per quarter, which amounts to N2.1 billion out of the N28 billion. It is verifiable.

“We are expecting 20 quarterly tranches in over five years but so far, we have gotten just three out of the 20 and it’s verifiable. We have the records on how the money is being spent.”

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