Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 23rd April 2024

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Chinenye Saturday, 4 May 2024, 2:49 am

The Dollar crisis in Nigeria is at the peak of improvement and has resorted to a view whereby recession can be tackled, however, yesterday’s currency rate is not overly different from today’s rate.

It’s important to note that dealers who trade in forex should link up with their respective banks. The rates you buy or sell forex may vary from what we deploy in this article. Also, it’s highly recommendable to note that the Central Bank of Nigeria doesn’t recognize the Black Market.

The Dollar rate to Naira at Lagos Parallel Market identified as a ‘Black Market’, today, Tuesday, 23rd April 2024 buys at N1230 and sells at N1250 rate as confirmed by top reliable sources including Bureau De Change (BDC).

How much is a dollar to naira today in the black market?

Check out Dollar to Naira Black Market Exchange rate today (Aboki Dollar Rate) below.

Currency	Buying Rate	Selling Rate
USD	₦1,230.00	₦1,250.00

Inflation Rate

The astonishing retard of the dollar rate since its peak is quite satisfying but has so far laid no impact on the inflation rate.

This is described as the rate of increases in prices at a given period. It covers mostly stocks and vital Goods.

Despite that the Dollar Rate is incredibly retarded from a tally of N1700 to N1230, traders are still stocked to the cycle of their old purchase that they attained at a very exorbitant non-discount price.

This in turn has continued to impact the inflation rate causing the high cost of vital Goods and assets. Many prices are still stocked at their basics’ chart spot impending panic among the public masses.