Wondering about the current Dollar to Naira exchange rate on the black market, also known as the parallel market (Aboki fx)? Find the Dollar to Naira black market exchange rate for August 30 below. These are the rates at which you can convert your dollars to Naira.
Curious about today’s Dollar to Naira rate in the black market?
Dollar to Naira Exchange Rate Today in the Black Market (Aboki Dollar Rate):
As of Wednesday, August 30, 2023, the exchange rate for a dollar to Naira in the Lagos Parallel Market (Black Market) is around N915 for buying and N920 for selling, according to sources in Bureau De Change (BDC).
Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has directed individuals looking to trade in Forex to approach their respective banks.
Current Dollar to Naira Black Market Rate:
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today:
Buying Rate: N915
Selling Rate: N920
It’s important to note that the forex rates you encounter for buying or selling may vary from what’s provided in this article, as rates can differ.
Oyo State Launches N8.63 Billion Palliative Program
Oyo State has commenced the distribution of palliatives to over 200,000 households across the state.
This initiative, organized in collaboration with other geopolitical zones, will begin on Thursday.
Mr. Dotun Oyelade, the State Commissioner for Information and Orientation, shared that a total of N8.63 billion has been allocated for this effort. Local government areas contributed N2.63 billion, while the state government contributed N5.99 billion.
Included among the distributed items are 10kg of rice, 5 kg of garri, 5kg of beans, 5kg of elubo, and 1 liter of vegetable oil.
Oyelade emphasized that these palliatives are aimed at mitigating the impact of fuel subsidy removal. The distribution will occur in phases.
He further explained, “Assuming each family consists of about 6 members, we are looking at over 1 million people benefiting from the initial rollout of the palliatives.”
Delving into the details of the operation, Professor Musbau Babatunde, the State Commissioner for Budget, revealed that the Transportation sub-committee has been allocated N149.1 million for its role in the program.