$1 dollar to naira today black market
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 14th March 2024
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 13th March, 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 N1600 and sell at N1605 on Wednesday 13th March 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 | N1600 |
| Selling Rate | N1605 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 1592 |
| Selling Rate | 1593 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Despite efforts to stabilize cement prices in Nigeria through agreements between the federal government and cement manufacturers, the cost of a 50kg bag of cement continues to hover between N8,500 and N10,500 in retail markets.
This price range starkly contrasts with the N7,000 to N8,000 target agreed upon, underscoring persistent challenges in making construction materials affordable for Nigerians.
The recent spike in cement prices places Nigeria in a higher bracket than other African countries despite the presence of major cement brands such as Dangote, Lafarge, Ibeto, BUA, and UNICEM, which dominate the market.
These brands, known for their quality and wide distribution network, sell cement bags at almost uniform rates across the country.
Notably, Ibeto and BUA Cement are positioned as the more budget-friendly options in the Nigerian cement market. In contrast, Dangote Cement occupies a mid-range price point, whereas UNICEM and Lafarge Cement are priced at the higher end of the spectrum.
