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 29th August, 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 N1615 and sell at N1630 on Thursday 29th August 2024, 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 | N1615 |
| Selling Rate | N1630 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1602 |
| Selling Rate | N1603 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Airfare Hike: Domestic Flight Prices Climb To ₦98,561, Marking 25% Annual Increase
Domestic air travel costs in Nigeria saw a significant increase in July 2024, with fares rising by 25% compared to the same period last year, according to the Nigerian Bureau of Statistics (NBS).
In its Transport Fare Watch Report for July, the NBS revealed that the average domestic airfare for a single journey jumped to ₦98,561.74, up from ₦78,775.74 in July 2023.
The report also highlighted a 9.65% increase in fares from June to July 2024.
The rise in airfares comes amid the federal government‘s recent decision to increase tax charges, despite ongoing concerns from the Airline Operators of Nigeria regarding multiple taxation.
Interestingly, while airfares surged, prices for other modes of transportation, such as bus, motorcycle, and waterway journeys, saw a decline during the same period.
According to the NBS, the average cost of a bus ride within cities decreased by 2.18% from ₦963.58 in June 2024 to ₦942.61 in July 2024.
Year-on-year, this represents a 29.46% drop from ₦1,336.29 in July 2023. Intercity bus travel saw a slight month-on-month increase of 0.35%, with fares rising to ₦7,117.17 in July 2024.
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