- August 8, 2022
- Posted by: Stratford Team
- Category: Economy
What is the exchange rate for U.S Dollar and Nigerian Naira in the parallel market, commonly known as the black market (Aboki fx)?
See below for the Today, Monday 8 August 2022 black market Dollar to Naira conversion rate. At current exchange rates, you may convert dollars to naira.
How Much is U.S Dollar to Nigerian Naira and the official Exchange Rate Today, Monday 8th August 2022?
Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has advised anybody interested in forex to contact their local banks first.
The black market (parallel) exchange rate is always different from the CBN rate. The Nigerian economy is greatly impacted by the exchange rate between the US dollar and the Nigerian naira.
Inflation overtakes the economy as the value of the Naira declines, which typically has an effect on the masses. The Central Bank has called for Nigerians to work toward this objective, such as…
