Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 6th July 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 4th July 2024

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 5th July, 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 N1518 and sell at N1525 on Friday 5th July 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 N1518
Selling Rate N1525

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1516
Selling Rate N1517

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

The Chairman Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that the new tax policy approved by President Tinubu has been forwarded to the National Assembly to be passed into law.

Oyedele said the new withholding tax policy was a new draft and not an amendment of the old law which he said was inherited from colonial past.

He disclosed that efforts are on to ensure implementation commences before December 2024.

He said the goal of drafting a new tax policy and not relying on amendment was to ensure clarity and avoid conflicting taxes.

“We took the view that amending outdated laws inherited from our colonial past was insufficient. Instead, we drafted new laws entirely.

“Our goal is to ensure clarity and avoid the suffering caused by conflicting taxes such as VAT and state-level consumption taxes,” he said.

Oyedele, who condemned Value Added Tax (VAT) on food items, healthcare, housing, education and transportation, said the new tax policy exempted the items listed above for taxation.