What is the US dollar in the black market Naira exchange rate, also known as the parallel market (Aboki FX)?
See the black market dollar to Naira exchange rate below on March 9. You can exchange USD for Naira for these prices.
How much does it cost to Naira on the black market today?
USD to Naira exchange rate today black market (Aboki USD exchange rate):
One dollar exchange rate to Naira in Lagos Parallel market (black market) According to the source Exchange Office (BDC).
Please note Central Bank of Nigeria (CBN) Don’t recognize the parallel market (black market) because it guides individuals who want to participate Forex Close to their respective banks.
Today’s Naira Black Market Rate
| USD to Nair (USD to NGN) | Today’s black market exchange rate |
| Purchase Rate | ₦1580 |
| Sales rate | ₦1590 |
Today’s Naira CBN exchange rate
| USD to Nair (USD to NGN) | Today’s CBN rate |
| Maximum speed | ₦1615 |
| Minimum rate | ₦1505 |
Please note The price you buy or sell forex may be different from the price captured in this article because the price is different.
Meanwhile, the federal government’s ambitious plan to transform Nigeria’s tax laws has gained momentum as the Senate and House received more than 200 memorandums from stakeholders at public hearings.
Naija News reported that the hearing attracted the participation of government agencies, private sector representatives, civil society groups and tax professionals, marking a critical step in the country’s tax reform process.
The focus of the discussion is on how to balance economic growth, revenue generation and business sustainability while addressing the concerns of individuals and corporate entities.
Stakeholders offer different perspectives
The hearing made a variety of comments on the proposed tax reform bill. While some stakeholders welcomed the move as a step towards a modern tax system, others warned of potential challenges.
The House alone received 54 memorandums indicating a general interest in the debate on tax reform.
Government officials and economists believe the reform will reduce budget deficits, increase tax compliance and simplify the collection process. However, critics expressed concerns that proposed changes to VAT (VAT) and income tax strata could have a negative impact on small businesses and middle-class citizens.
