Naira To Dollar Black Market Rate Today 6th August 2023

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

If you’re wondering about the current Dollar to Naira exchange rate at the black market, also known as the parallel market or Aboki fx, we’ve got you covered. As of 5th August 2023, the exchange rate for a dollar to Naira at the Lagos Parallel Market stands at N885 for buying and N895 for selling, according to reliable sources at Bureau De Change (BDC).

However, it’s essential to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals interested in foreign exchange transactions to approach their respective banks.

Please keep in mind that forex rates can fluctuate frequently, so the rates you encounter for buying or selling may differ from what’s mentioned in this article due to market variations.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

Dollar to Naira Black Market Rate Today

Nigerian Breweries to Adjust Beer Prices Due to Fuel Subsidy Removal

In response to the recent fuel subsidy removal by the federal government, Nigerian Breweries has announced plans to increase the price of beer in August 2023. The company management disclosed this news in a statement released at the start of the business day on Tuesday.

While the company acknowledges the necessity of this adjustment due to the rising cost of production, they assured consumers that the proposed increase will be moderate. Nigerian Breweries is known for producing at least 19 high-quality brands, including popular names like Heineken, Desperados, Maltina, Amstel Malta, Gulder, Fayrouz, and Legend. These products are manufactured across nine breweries and are distributed nationwide.

As a result of the fuel subsidy removal, the cost of production has increased, prompting the company to make this decision. However, they remain committed to providing their customers with top-quality products despite the market challenges.

Please note that as the situation evolves, prices may continue to fluctuate, so consumers should be aware of possible changes in the cost of their favorite beverages…[CONTINUE HERE READING]>>