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George Oshogwe Ogbolu
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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 26th July, 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 N1592 and sell at N1595 on Saturday 26th July 2024, 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 | N1592 |
| Selling Rate | N1595 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1601 |
| Selling Rate | N1602 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Economy In Q1 Of 2024 Grew Faster Than Q1 Of 2023 – Wale Edun
Nigeria’s Finance Minister and Coordinator of the Economy, Wale Edun, has said the country’s economy grew faster in the first quarter (Q1) of 2024 than in the first quarter (Q1) of 2023.
Wale Edun said this on Thursday while addressing a press conference on the State of the Economy in Abuja.
He said the growth recorded in the first quarter of 2024 was also the second to the fastest in the last six years.
“The economic activity in the first quarter of 2024 was not only faster than the first quarter of 2023, but it was also the second fastest first-quarter growth in the last six years,” the Minister of Finance said.
Edun said that the economic growth was broad-based across several sectors, including agriculture, and industries.
“The agricultural sector recovered from a negative position in the first quarter of 2023 to a modest growth in the first quarter of 2024. The industrial sector also grew seven times faster in the first quarter of 2024 than in the first quarter of 2023,” he added.
On the revenue side, the Coordinating Minister of the Economy explained that aggregate federal government revenue in the first half of 2024 was more than double of the corresponding period in 2023.
According to the Minister, the growth in government revenue was due to the reconfiguration and improvement in government finances, with oil revenue as a percentage of gross revenue increasing from 11 percent in the first half of 2023 to 30 percent in the first half of 2024.
He added that Nigeria has been able to meet all her debt obligations. He explained that Nigeria’s dollar term has reduced and the government’s fiscal deficit has improved.
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