Via Naija News:
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 16th January, 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 N735 and sell at N748 on Monday 16th January 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 | N735 |
| Selling Rate | N748 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
NNPC To Start Oil Exploration In Nasarawa In March
As part of its continuous efforts to explore oil in the country’s interior basins, the Nigerian National Petroleum Company (NNPC) Limited intends to drill the country’s first oil well in Nasarawa State in March 2023.
The NNPC Ltd. group chief executive officer, Mele Kyari, stated that the results of exploratory activities confirm the presence of significant hydrocarbon resources in Nasarawa.
Kyari stated this when the governor of the state, Engr. Abdullahi Sule led a delegation of notable state natives on a courtesy visit to the company’s headquarters in Abuja.
Due to the global energy shift, investments in fossil fuels have reduced, hence he urged quick action on the project.
“This work must be done very fast because the whole world is walking away from fossil fuel due to energy transition, the earlier you go to market, the better for you, otherwise, ten years from now, no one will agree to put money in petroleum business except it comes from your cash flow”, Kyari said.
