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Latest Naira to Dollar Black Market Rate Today 2nd October 2023

This article presents the most recent dollar to Naira rate on the black market as of October 1st. Take note of these rates if you’re considering a dollar to Naira exchange.



Black Market Dollar To Naira Exchange Rate Today

In the dynamic world of foreign exchange, it’s essential to stay abreast with up-to-the-minute rates. Today, 2nd October 2023, as of your reading this, the exchange rate between the Nigerian Naira and the American Dollar in the black market is a topic of interest. What is the rate and what factors are influencing it? Let’s delve into an in-depth analysis of the current Naira to Dollar black market rate. 

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 1st October 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 N998 and sell at N1003 on Sunday, 1st October 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.

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Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Buying RateN998
Selling RateN1003

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

The three tiers of government in the country, federal, state and local governments, have shared N1.1 trillion as revenue for the August 2023 allocation.

Naija News reports that the Federation Account Allocation Committee (FAAC) made this disclosure in a communiqué issued at the end of its latest meeting contained in a statement by the Director, Press and Public Relations, Office of the Accountant General of the Federation (OAGF), Bawa Mowa, on Friday.

According to the Committee, the August Allocation showed an increase of N133.991 billion over the N966.110 billion shared in the preceding month of July.

FAAC explained that a total revenue of N1,483.902 trillion was available in the month of August, with total deductions for cost of collection being N58.755 billion; total transfers and refunds stood at N254.046 billion while savings were N71.000 billion.

Chidimma Johnson is a Travel Content Manager and Writer at Dimples Online Media, paying specific attention to Travel and Finance . After achieving a BA in Political Science in 2019, Chidimma pursued her long-time desire to work in media and joined Republic World as a writer. Working closely with the top online media.