Get the Latest Dollar to Naira Exchange Rate at the Parallel Market (Aboki FX)
Check the current exchange rate for 19th October below, and swap your dollars for naira at these rates.
Find Out How Much a Dollar Is to Naira Today at the Black Market
Dollar to Naira Exchange Rate in the Parallel Market (Black Market, Aboki Dollar Rate) on 19th October 2024
According to sources at the Bureau De Change (BDC), on 19th October 2024, the parallel market (black market) operators in Lagos are buying a dollar for N1700 and selling at N1710.
It’s worth noting that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it advises individuals who want to engage in foreign exchange transactions to approach their respective banks.
Current Dollar to Naira Black Market Rates
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1700 |
| Selling Rate | N1710 |
Compare with CBN Dollar to Naira Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1651 |
| Selling Rate | N1652 |
Note that the exchange rates you buy or sell may differ from those listed here, as prices can vary.
Aliko Dangote, President of Dangote Industries Limited, has seen his wealth increase significantly, reaching $27.8 billion, driven by the success of his multi-billion-dollar oil refinery.
A notable increase of $15.1 billion in his net worth was reported on October 18, according to the Bloomberg Billionaires Index.
This remarkable growth has propelled Dangote to the 65th position on the global rich list, making him the only African in the top 100.
He now ranks over 100 spots above Johann Rupert, the South African billionaire, who is ranked 174th on the index.
Dangote’s rapid ascent is impressive, as he was ranked 111th as recently as June 30, 2023. This growth follows the inauguration of his refinery in May 2023.
The refinery, located in the Ibeju-Lekki free zone in Lagos, covers 2,635 hectares and has a production capacity of 650,000 barrels per day.
While the facility began producing diesel on January 12, the production of petrol was delayed until September 3, due to challenges securing crude oil.
