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 28th November, below. You can swap your dollar for Naira at these rates. on the black market
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 N765 and sell at N770 on Monday 28th November 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|
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Financial experts have expressed worries over the rising inflation in the Nigeria equity market.
The recent development, according to analysts, is making the equity market unattractive to investors, considering that companies listed on the stock exchange will suffer some pressure from the cost of their operations.
Naija News understands that Nigeria’s equity market started well at the beginning of the year, but eventually, things went south reportedly in the fifth month of the year.
Reports stated that the market, from the beginning of the year until May 2022, appreciated by 22 percent. But the situation has now completely changed.
In a recent interview with The PUNCH, the Managing Director of Afrinvest Consulting, Abiodun Keripe, observed that the impact of inflation in the equities market was dimensional.
According to him, the burden would fall on the real returns, particularly the dividends and the cost of operations of companies listed on the NGX.