What is the current Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx)? Below is the exchange rate for 25th July 2024. You can exchange your dollars for Naira at these rates.
Black Market Dollar to Naira Exchange Rate Today:
- Buying Rate: N1585
- Selling Rate: N1595
At the Lagos Parallel Market (Black Market), Bureau De Change (BDC) sources indicate that a dollar is bought at N1585 and sold at N1595 on Thursday, 25th July 2024.
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has directed individuals wanting to engage in Forex transactions to approach their respective banks.
Official CBN Dollar to Naira Exchange Rate Today:
- Buying Rate: N1541
- Selling Rate: N1542
Please note that the rates you buy or sell Forex at may differ from what is captured in this article due to market variations.
Nigeria Among African Countries with Highest IMF Debt
The International Monetary Fund (IMF) has listed African countries with the highest indebtedness to the global financial institution as of July 19, 2024.
Egypt tops the list with a total debt of $10.2 billion, while Nigeria ranks eighth with an IMF debt profile of about $1.23 billion. The IMF loans typically come with conditions including economic reforms and policy changes.
News Editor 
Hyelsinta Hassan