Aboki Rate: Current Black Market Dollar to Naira Rates For August 29, 2022

Aboki Rate: Current Black Market Dollar to Naira Rates For August 29, 2022

Aboki Rate: Current Black Market Dollar to Naira Rates For August 29, 2022 – 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 29th August, below. You can swap your dollar to Naira at these rates.

How Much Is Dollar To Naira Today In 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 N684 and sell at N710 on Monday, 29th August, 2022, 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 684
Selling Rate 710

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.

The federal government has been requested by the Manufacturers Association of Nigeria (MAN) to put into effect an executive order requiring ministries, departments, and agencies to purchase locally produced goods.

According to NigeriapenNG, the association made the request yesterday at its 36th annual general meeting, which had the title “Lessons and Challenges for the Manufacturing Sector: Nigeria’s Struggling Economy/Unstable Macroeconomic Policies.”

Okwara Udensi, chairman of the association’s Edo/Delta branch, said there are issues holding back the nation’s manufacturing sector during the event in Benin City.

Udensi listed a number of factors, including a lack of foreign currency, bad electricity, high lending interest rates, and numerous taxes and levies.

He said also that congestion at the Lagos ports is another major factor adversely affecting the productivity of the sector.

According to him, decentralization of power generation, adoption and implementation of the Executive Order 003 will force Ministries, Departments and Agencies to give preference to local manufacturers in their procurement of goods and services.

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