What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?.....CONTINUE READING THE ARTICLE FROM THE SOURCE>>>>>
See the black market Dollar to Naira exchange rate for 20th February, 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 ₦1490 and sell at ₦1510 on Thursday 20th February, 2025, 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 | ₦1490 |
| Selling Rate | ₦1510 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | ₦1513 |
| Lowest Rate | ₦1507 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Meanwhile, Africa’s wealthiest individual, Aliko Dangote, has been listed as the 86th richest person in the world, according to the latest Forbes rankings.
Naija News learnt that the business mogul’s net worth surged to $23.9 billion, as reported by Forbes on Monday, reflecting a remarkable 85.27% increase—or an additional $11 billion—compared to his $12.9 billion valuation on February 18, 2023.
Forbes attributes Dangote’s financial growth largely to his 92.3% stake in Dangote Petroleum Refinery & Petrochemicals.
The 650,000 barrels-per-day (bpd) facility, which began refining crude oil into diesel, naphtha, and jet fuel in January 2024, expanded its operations to include petrol production nine months later.
To sustain and enhance production, the refinery received approximately 24 million barrels of Nigerian crude oil in October and November 2024.
Additionally, reports from January 28, 2025, indicate that the facility is set to receive up to 12 million barrels of crude oil from the United States.