Black Market Dollar To Naira Exchange Rate Today 28th June 2022

Local

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 27th, 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 N590 and sell at N606 on Monday, 27th, 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 590
Selling Rate 606

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

FG’s Borrowing From Local Investors Hits ₦4.2Trillion In H1’22

Total money borrowed by the Nigerian government in the last six months (H1’22) according to statistics is now levelled at ₦4.2Trillion. The reported funds Naija News understands were taken from local investors. This represents a 21 per cent, year-on-year YoY, increase from N3.89 trillion borrowed in the first half of 2021 (H1’21). The half of the year economic report showed that increased borrowing by the administration was driven by a 30 per cent increase in FGN Bond sales, 49 per cent increase in FGN Savings Bonds sales and about 14 per cent increase in borrowing through the Nigeria Treasury Bills. Findings from bond auctions results revealed that the amount of FGN bonds sold in H1’22, rose to N1.84 trillion from N1.42 trillion in H1’21, representing a 30 per cent, YoY increase.

This article was originally published on Naija News

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