Black Market Dollar To Naira Exchange Rate Today 17th June 2022
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx). See the black market Dollar to Naira exchange rate for 16th June, 2022, below. You can swap your dollar to Naira at these rates.
How much is dollar to naira today in black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N600 and sell at N610 on Thursday, 16th June, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex 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 | 600 |
| Selling Rate | 610 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.
Nigerian Traders Lament Losses As Bitcoin Drops 52% Value
Bitcoin since last year has lost 52.84 per cent of its market value, wiping off $473.34bn in market capitalisation in the process, and leading to numerous liquidations.
The development has seen some BTC traders in Nigeria lament over their loss as the value of Bitcoin continues to drop.
According to CoinMarketCap, BTC at the beginning of this year was $47,686.81 with a market cap of $902.10bn.
However, BTC as of Tuesday, the 14th of June was $22,487.39 with a market cap of $428.76bn.
This drop follows Monday’s drop where BTC fell below $25k.
The crypto economy has also fallen from highs of about $2tn to $938.41bn.
Nigeria stands as the sixth leading nation in the world in terms of crypto adoption despite the Central Bank of Nigeria’s restriction on cryptocurrencies.