Black Market Dollar To Naira Exchange Rate Today 19th November 2023

Black Market Dollar To Naira Exchange Rate Today 19th November 2023

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 18th 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 N1130 and sell at N1135 on Saturday 18th November 2023, 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
N1130

Selling Rate
N1135

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today

Buying Rate
839

Selling Rate
840

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

Despite the continued rise in the price of food and other items, the Nigeria Bureau of Statistics (NBS), in its latest inflation report, suggested a decline in food inflation in October compared with September.

Naija News had on Wednesday reported that the NBS, in its latest inflation report released on Wednesday, revealed that headline inflation rose to 27.33 per cent in October.

The report, however, further detailed that food inflation dropped by 0.54 per cent, standing at 1.91 per cent against the 2.45% recorded in September.

“On a month-on-month basis, the Food inflation rate in October 2023 was 1.91% this was 0.54% lower compared to the rate recorded in September 2023 (2.45%). The decline in Food inflation on a month-over-month basis was caused by the decline in the rate of increase in the average prices of Fruits, Oil and fat, Coffee, Tea and Cocoa, Bread and Cereals,” the report read.

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“The average annual rate of Food inflation for the twelve months ending October 2023 over the previous twelve-month average was 26.33%, which was a 6.50% points increase from the average annual rate of change recorded in October 2022 (19.83%). The Food inflation rate in October 2023 was 31.52% on a year-on-year basis, which was 7.80% points higher compared to the rate recorded in October 2022 (23.72%). The rise in Food inflation on a year-on-year basis was caused by increases in prices of Bread and cereals, Oil and fat, Potatoes, Yam and other Tubers, Fish, Fruit, Meat, Vegetables and Milk, Cheese and Eggs,” it added.

© 2023 Naija News, a division of Polance Media Inc.

Full Story: https://www.naijanews.com/2023/11/19/black-market-dollar-to-naira-exchange-rate-today-19th-november-2023/
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