Black Market Dollar to Naira Exchange Rate – August 7, 2024

What is the Dollar to Naira exchange rate in the black market, commonly known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for August 6th, below. You may exchange your dollar for Naira at these prices.
In the black market, how much is a dollar presently worth in naira?
Today’s black market exchange rate between the dollar and the naira is as follows:
According to Bureau De Change (BDC) sources, on Tuesday, August 6, 2024, players at the Lagos Parallel Market (Black Market) will buy a dollar for N1600 and sell it for N1607.

Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), and has directed persons interested in engaging in Forex to contact their particular banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira CBN Rate Today

Please keep in mind that the rates at which you buy and sell forex may differ from those described in this article due to price fluctuations.
Naira Fights Back Against US Dollar in Official Market
The Nigerian naira rose to ₦1,607.15 per US dollar on the official market.

The FMDQ Exchange, which operates the Nigerian Autonomous Foreign Exchange Market (NAFEM), said that the naira increased by ₦9.93.

This represents a 0.61 percent increase from the previous trading day on August 2, when the exchange rate was ₦1,617.08 per dollar.However, total daily turnover fell to 77.09 million dollars on Monday, down from the 131.55 million dollars reported on August 2.

During the Investors and Exporters (I&E) window, the naira fluctuated between ₦1,620.50 and ₦1,570.00 per dollar.