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Black Market Dollar To Naira Exchange Rate Today 15th May 2022

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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 14th May, 2022 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 N580 and sell at N600 on Saturday, 14th May, 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.

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Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Buying Rate580
Selling Rate600

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

Agric Imports Hit N2.7tn Despite N129bn FG-CBN Intervention Loans To Farmers

Despite investment in the Agricultural sector by the federal government, Nigeria’s agricultural imports has continued to take an upward trajectory, Naija News understands.

A total of N129.084 billion was reportedly disbursed as loan to farmers across the country last year.

The target was to help them boost production, create room for more agricultural products and reduce to near zero the importation of the same.

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However, Nigeria’s agricultural imports according to a data released by the National Bureau of Statistics hits N2.7 trillion in 2021 alone.

Figures sighted from four quarterly foreign trade reports by the NBS, during the period in review, shows that Nigeria, despite investing billions of naira into the agricultural sector, only managed exports worth N504.4bn, leaving a balance of trade of N2.2tn.

This article was originally published on Nigeria News

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