Yesterday, the Naira strengthened to N1,580 per dollar in the parallel market, up from N1,595 per dollar on Wednesday. Similarly, the Naira yesterday appreciated to N1,570 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,570 per dollar from N1,608.73 per dollar on Wednesday, indicating N38.73 appreciation for the naira. The volume of dollars traded in the market grew by 47 percent to $142.32 million from $270.81 million traded on Wednesday. Consequently, the margin between the parallel market and NAFEM rate narrowed to N10 per dollar from N13.73 per dollar on Wednesday.

April 27 Black Market Naira to Dollar Forex Rate

News - Women's Perspective
Hetty

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) also known as aboki fx saw players buy a dollar for N1380 and sell at N1410 on Saturday 27th April 2024, according to sources at Bureau De Change (BDC).

Central Bank of Nigeria (CBN) however, continues to maintain that it does not recognize the parallel market (black market), as it has directed individuals who need transactions in Forex to approach their respective banks

Dollar vs Naira rates, Saturday, April 27:

Dollar to Naira (USD to NGN) Black Market Exchange Rate:
Buying Rate N1380
Selling Rate N1410

Dollar to Naira CBN Rate:
Buying Rate N1164
Selling Rate N1165

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Naira Appreciates Further Against the Dollar