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Keep Track Of Your Currency: Naira To Dollar Black Market Rate On September 11, 2023
Keep Track Of Your Currency: Naira To Dollar Black Market Rate On September 11, 2023....KINDLY READ THE FULL STORY HERE▶

What is the current exchange rate between the US Dollar and the Nigerian Naira in the unofficial market, commonly referred to as the black market or Aboki FX? Find the black market exchange rate for the Dollar to Naira on the 10th of September below. You can utilize these rates for converting your Dollars to Naira.
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What is the Dollar to Naira rate today in the black market? Here’s the current exchange rate for the US Dollar to Naira in the black market, as per Aboki dollar rates:
At the Lagos Parallel Market (Black Market), traders are buying the US Dollar for N920 and selling it for N925 on Sunday, the 10th of September 2023, based on information obtained from Bureau De Change (BDC) sources.
It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market (black market) for foreign exchange transactions. Instead, the CBN instructs individuals seeking to engage in forex activities to approach their respective banks.
Today’s Black Market Exchange Rate for the US Dollar to the Nigerian Naira
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N920 |
| Selling Rate | N925 |
Please be aware that the rates at which you purchase or sell foreign exchange may differ from the figures presented in this article due to market fluctuations.
Nigeria’s Trade Deficit Hits N5.7 Trillion In Q2 2023
The Foreign Trade Statistics report reveals that Nigeria recorded a trade deficit of N5.7 trillion in the second quarter of 2023. According to the report published by the National Bureau of Statistics (NBS) on Thursday, Nigeria’s total trade volume amounted to N12.7 trillion, with total exports valued at N7 trillion and total imports standing at N5.7 trillion.
In the meantime, Nigeria has generated N3.48 trillion in revenue from Value Added Tax (VAT) and Company Income Tax (CIT) in the first half of 2023 (H1’23). According to data from the National Bureau of Statistics (NBS), this figure represents a 17 percent year-on-year increase from N2.97 trillion in the corresponding period of 2022 (H1’22).
The VAT revenue amounted to N1.49 trillion in H1’23, marking a 25 percent year-on-year rise from N1.19 trillion in H1’22.
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