Find out how much one US Dollar is worth in Nigerian Naira on the black market today. Get the exchange rate for the Dollar to Naira on the parallel market (Aboki fx) for 21 June 2023 below. You can trade your dollars for Naira at these rates.
Take advantage of these different rates to exchange your dollars for Naira.
Understanding the Black Market: Dollar to Naira Exchange Today (June 20, 2023)
Naira to Dollar Rate: Black Market Today
The black market, also known as the parallel market or Aboki fx, is a place where we can trade dollars for naira. The rate of dollar to naira in the black market changes often. Today’s rate, the 21st of June, 2023, is given below. You can use these rates to change your dollars to naira.
Quick Look at the Dollar-Naira Black Market Exchange Rate
Dollar to Naira Rate: Black Market Today
People who take part in the black market (also called the Lagos Parallel Market) buy a dollar for N750 and sell it for N759. This is what happened on Tuesday, 20th June, 2023. This data came from the Bureau De Change (BDC).
Please remember that the Central Bank of Nigeria (CBN) does not agree with the black market. If you want to deal with Forex, the CBN says you should go to your bank.
Here is the dollar to naira rate in the black market for today:
- Buying Rate: N750
- Selling Rate: N759
This rate may change when you decide to buy or sell Forex. This is because prices change often.
Opinion on Tax on Fuel Prices
President Bola Ahmed Tinubu’s government has made people angry. This is because they added a 7.5 per cent tax to the price of Premium Motor Spirit (PMS), also known as petrol.
News from Naija says that people in Nigeria are upset about this new tax. This tax was added only one month after the government said they will no longer help to pay for petrol.
In his first speech on May 29, Tinubu said that the government will stop paying for some of the cost of petrol. This made the price of PMS go from N188 to between N530-N580 in different states.
Before this, Zainab Ahmed, who used to be the Minister of Finance, Budget and National Planning, said that the Finance Act 2020 made the 5 per cent VAT (Value-Added Tax) in the country become 7.5 per cent. This new tax was added to many things, including car gas oil, on February 20, 2020.
However, some things do not have this new tax. These things are honey, bread, cereals, cooking oils, herbs, fish, flour, starch, fruits, meat, birds, milk, nuts, pulses, roots, salt, vegetables, water, sanitary pads, tampons, and fees for school.
The Voice of Nigeria knows that, even though many things now have this new tax, PMS did not until now. This is because the Federal Government was helping to pay for it.
Register For Dollar to Naira Rates Updates
It’s important to stay updated about exchange rates. That’s why we have a free email alert service. This service will send you updates about Dollar to Naira rates. The updates will come straight to your email inbox.
Steps to Register free
- Type your email address in the text box provided.
- Click on the “Register” button.
- Check your email and follow the instructions to confirm your subscription.
And that’s it. You’ll now receive instant updates about the NPC recruitment.