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HomeBusinessBlack Market Dollar To Naira Exchange Rate To 7th March 2023

Black Market Dollar To Naira Exchange Rate To 7th March 2023

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 7th March, 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 N750 and sell at N755 on Tuesday 7th March 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.

Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N750
Selling Rate N755

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Oil Marketers Give Reasons For Resurfaced Fuel Queues In FCT
Oil marketers have come out to give reasons why fuel queues resurfaced in Federal Capital Territory at the weekend.

According to them, the fear of electoral violence during the Presidential and National Assembly elections prevented the movement of the product to some parts of the country including the FCT.

The Press Nigeria gathered that both the Major Oil Marketers Association of Nigeria (MOMAN) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) shared similar fears while denying that it was due to pricing issues or shortage in the product.

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The Executive Secretary of MOMAN, Clement Isong, told The Nation at the weekend that the scarcity was not connected with pricing but logistics, noting that fuel was available at depots in Lagos.

The MOMAN boss explained that drivers started loading on Friday, but it would take them four days to arrive at the FCT and other northern markets, adding that speculations that the scarcity was due to pricing were incorrect.

Isong remarked that “During the election, very many of the trucks were parked. They were afraid of potential violence. So many of the bridging trucks that come from the North didn’t go back to the North. They were just there. They were not moving around. People were just afraid to move.

“There is the product. Tanks are full. There is fuel in Lagos. Tanks in the depots are full. It is just yesterday (Saturday) they showed up. They took off this weekend. By Monday or Tuesday, they should arrive in Abuja. Normally, it is four to five days.

“No, it has nothing to do with pricing. It is just logistics. People were afraid of election violence.”




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