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 11th 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 N1555 and sell at N1565 on Thursday 11th 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
N1555
Selling Rate
N1565
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN)
CBN Rate Today
Buying Rate
N1520
Selling Rate
N1521
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
NNPCL To Take ₦3.4 Trillion Crude Oil-Backed Loan
The Nigerian National Petroleum Corporation Limited (NNPCL) has applied to take ₦3.4 trillion crude-backed loan to enhance its operations and boost Nigeria’s economy.
According to Reuters, the $2 billion – ₦3,047,740,000,000 (Three trillion, Forty-seven billion, Seven hundred and forty million naira) using the Central Bank of Nigeria (CBN) buying cap of ₦1523.87 to $1 – would be sourced from international financial institutions.
Reuters on Tuesday, quoted that the Group Chief Executive Officer of NNPCL, Mele Kyari, said the $2 billion credit facility would help to boost its finances and allow investment in the oil and gas sector.
This is as Nairametrics reported that NNPCL was yet to pay international oil traders a backlog of $6 billion – ₦9,143,220,000,000 (Nine trillion, One hundred and Forty-three billion, Two hundred and Twenty million naira).
Kyari said the new loan was not a desparate act, but a normal business borrowing. He added that the Nigeria-owned oil company would have no problem covering its “gasoline payements“.
“We have no problem covering our gasoline payments. This is just money for normal business and not a desperate act.
“It will be a syndication with critical but regular partners who have been in business with our company to forward the cash,” Reuters quoted.
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