The exchange rate for the dollar to naira in Nigeria’s black market, also known as the parallel market (Aboki fx), remains highly competitive. According to information gathered from Bureau De Change (BDC) operators, the rates on Sunday, 22nd September 2024 are as follows:
- Buying Rate: ₦1642
- Selling Rate: ₦1650
For those using the official Central Bank of Nigeria (CBN) rates, the exchange stands at:
- Buying Rate: ₦1593
- Selling Rate: ₦1594
It is important to note that while these rates are indicative, individual prices may differ slightly depending on the Forex dealer or location. The CBN continues to emphasize that individuals looking to trade foreign exchange should utilize official bank channels, as the central bank does not recognize the parallel market.
In related news, Nigeria’s Vice President Kashim Shettima has reassured stakeholders in the aviation sector of the federal government’s commitment to improving the operational environment for airlines.
