Naira To Dollar Black Market Rate Today 4th October 2023

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 3rd October 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 N995 and sell at N1000 on Tuesday, 3rd October 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

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

A 145% price increment for pre-paid meters has been imposed on Nigerians between 2021 and 2023 by the Federal Government through the Nigerian Electricity Regulatory Commission (NERC).

Naija News understands that NERC has implemented two price increases for single-phase and three-phase pre-paid meters during the period under review.

This has resulted in an 83% and 145% increase in their prices, respectively. The Meters Asset Provider (MAP) scheme, which enables third-party financing of meters across the country, has been affected by this increase.

A Daily Trust report observed that the price of single-phase meters has risen from N44,896.17 in 2021 to N81,975.16 in 2023, while three-phase meters have increased from N82,855.19 in 2021 to N143,836.10 in 2023.

The NERC, which is responsible for approving the pricing of meter sales in the country, has approved two price increases during this period.