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Breaking News: Current Black Market Dollar To Naira Rates – November 19th

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Check the current Dollar to Naira exchange rates in the black market for November 18th below. If you’re looking to exchange your dollars for Naira, these are the prevailing rates…CONTINUE READING

 

 

What is today’s Dollar to Naira rate in the black market? Dollar to Naira exchange rate today in the black market (Aboki dollar rate):

At the Lagos Parallel Market (Black Market), traders are buying a dollar for N1130 and selling at N1135 as of Saturday, November 18, 2023, according to sources at Bureau De Change (BDC).

It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has directed individuals interested in Forex transactions 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: N1130 Selling Rate: N1135 Dollar to Naira CBN Rate Today Dollar to Naira (USD to NGN).

Black Market Exchange Rate Today Buying Rate: 839 Selling Rate: 840 Please be aware that the rates you encounter in your forex transactions may differ from those provided in this article, as prices can vary.

Despite the ongoing increase in the prices of food and other commodities, the latest inflation report from the Nigeria Bureau of Statistics (NBS) suggests a decline in food inflation in October compared to September.

In its recent inflation report, the NBS revealed that headline inflation reached 27.33% in October, while food inflation dropped by 0.54%, standing at 1.91% compared to the 2.45% recorded in September.

“On a month-on-month basis, the Food inflation rate in October 2023 was 1.91%, which was 0.54% lower compared to the rate recorded in September 2023 (2.45%).

The decline in Food inflation on a month-over-month basis was caused by the decline in the rate of increase in the average prices of Fruits, Oil and fat, Coffee, Tea and Cocoa, Bread and Cereals,” the report explained.

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