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HomeBusiness NewsBlack Market Dollar To Naira Exchange Rate Today 1st February 2024

Black Market Dollar To Naira Exchange Rate Today 1st February 2024

Are you searching for the exchange rate between the Dollar and Naira in the black market, which is also referred to as Aboki fx or parallel market ?

Below are the black market exchange rates for Dollar to Naira as of January 31st. You can avail of these rates to convert your Dollars into Naira.

What is the current exchange rate of dollar to naira in the black market?

Today’s black market exchange rate from Dollar to Naira (also known as Aboki dollar rate):

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According to sources at Bureau De Change (BDC), the Lagos Parallel Market (Black Market) exchange rate as of Wednesday, January 31st, 2024 was N1500 for buying a dollar and N1515 for selling.

It is important to acknowledge that the Central Bank of Nigeria (CBN) does not endorse or recognize transactions carried out in the parallel market, commonly known as black market. The CBN has advised individuals seeking Forex services to approach their respective banks instead.

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The current rate of the black market exchange between Dollars and Naira today.

Today’s black market exchange rate for USD to NGN is N1500 buying and N1515 selling.


Dollar to Naira Exchange Rate Today (Black Market)

Buying RateSelling Rate
N1500N1515

Current CBN Exchange Rate of Dollar to Naira

The current exchange rate for USD to NGN as set by CBN today is 1356 buying rate and 1357 selling rate.

Dollar to Naira CBN Rate Today (Thursday, February 1, 2024)

Buying RateSelling Rate
N1,356N1,357

Keep in mind that the currency exchange rates you purchase or sell may not match what is outlined in this article, as prices fluctuate.

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The underdeveloped cocoa industry caused Nigeria to lose $2 billion annually.

Meanwhile, in other news, the cocoa industry in Nigeria is under-utilized and causing an annual loss of $2 billion, according to important individuals within the country’s finance and agriculture sectors.

The 2024 International Cocoa and Chocolate Forum, which took place at the Transcorp Hilton Hotel in Abuja as well as the Sheraton Hotel in Victoria Island, Lagos, included this revelation.

During the forum, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun and Senator Abubakar Atiku who is also the country’s Minister of Budget and Economic Planning were in attendance. The purpose was to raise awareness about Nigeria’s cocoa sector which remains underutilized despite its potential for growth.

Several stakeholders within the Nigerian Ministry of Agriculture also participated in the event…[CONTINUE READING HERE]>>



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