Black Market Dollar To Naira Exchange Rate Today 22nd July 2022

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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 21st July, 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 N610 and sell at N630 on Thursday, 21st July, 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
Buying Rate610
Selling Rate630

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

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has lamented the nation’s rising debt profile and charged President Muhammadu Buhari‘s led government to immediately diversify revenue sources through various initiatives.

The apex bank in a document entitled ‘Central Bank of Nigeria Communiqué No. 143 of the Monetary Policy Committee Meeting Held on Monday 18th and Tuesday 19th July 2022′, expressed worries about the nation’s debt sustainability in light of current global uncertainties.

Naija News reports that the document available on the CBN’s website pointed out records of the Debt Management Office which explained that Nigeria’s total public debt stock had risen to N41.60tn in the first quarter of 2022.

The document highlighted that Nigeria splashed 86 per cent of its revenue on servicing debt in 2021.

It stated, “The committee noted the Federal Government’s increasing debt profile and expressed concerns over debt sustainability given that global uncertainties remain elevated.

“The MPC thus reiterated its call to the Federal Government to urgently diversify its revenue sources through various initiatives, such as, the development of a viable tax framework for the extractive and mineral export industries, to strengthen its fiscal buffers.”

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