Naira To Dollar Black Market Rate Today 14th July 2023

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 13th 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 N790 and sell at N805 on Thursday, 13th July 2023, 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

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

Nigeria Redeems $500 Million Eurobond Debt

The Debt Management Office (DMO) has said Nigeria has redeemed a $500 million Eurobond on its due date on July 12, 2023.

In a statement on Wednesday, the DMO said the Eurobond was issued on July 2018 as part of a dual-tranche of $1 billion for a tenure of 10 years at a coupon of 6.375% per annum.

The DMO said the successful redemption of the Eurobond shows the country’s commitment to meeting its debt service obligations.

The statement reads: “Nigeria had previously redeemed a USD500 million Eurobond in July 2018, another USD500 million Eurobond in January 2021, and a USD300 million Diaspora Bond in June 2022.

“These, together with the USD500 million Eurobond redeemed today, bring the total amount of securities redeemed by Nigeria in the International Capital Market (ICM) to USD1.8 billion.

Nigeria’s successful redemption of its Eurobonds and Diaspora Bond in the ICM over the past six (6) years is a demonstration of its strong debt management operations and planning.”