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 6th October, below. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the 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 N1675 and sell at N1680 on Sunday 6th October 2024, 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 | N1675 |
| Selling Rate | N1680 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1656 |
| Selling Rate | N1657 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The cost of a kilogram of beef in Nigeria may soon reach a staggering ₦10,000, significantly up from the ₦3,000 to ₦5,000 range seen just a few months ago, unless urgent support is provided to pastoral farmers.
This potential price surge highlights the growing accessibility issues for common Nigerians amid the ongoing economic crisis affecting the country.
During a media engagement in Abuja, the Director of Animal Husbandry Services at the Federal Ministry of Livestock Development, Mrs. Winnie Lai Solarin, sounded the alarm regarding the rising costs of beef.
She pointed to the escalating prices of feed and water, alongside increasing insecurity in farming areas, as primary contributors to the surge in meat prices.
In recent months, many Nigerians have expressed concerns over the rising costs of meat and other protein sources. The price of a kilogram of beef has jumped to between ₦6,000 and ₦7,000, compared to just ₦3,000 to ₦3,500 a few months ago.
She said: “The livestock sector has been neglected, what we need in this sector is feed and water, as well as market regulations for our products, a lot of this things has not been in place. 80 per cent of the meat on our table is from the pastoralists and if the pastoralists are embattled you don’t expect things to go well.
“Before, they were getting grass and feed very cheap, but today they have to buy. It is the restructuring that is causing this, they need to buy feeds and they are unable to get cheap feeds. If you have high cost of feed, you will have high cost of product, just like what we have in the poultry sector.
“High cost of maize and soya is driving the cost of poultry products, the chicken we use to have is not that cheap anymore the same thing for livestock.”
