Black Market Dollar to Naira Exchange Rate – 15th January 2024

By Milcah Tanimu

The Dollar to Naira exchange rate at the black market, commonly known as the parallel market or Aboki fx, is as follows for 15th January 2024:

– Buying Rate: N1275
– Selling Rate: N1285

These rates indicate that individuals buying a dollar at the black market can expect to pay N1275, while those selling can get N1285. It’s essential to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market, directing individuals to approach their respective banks for forex transactions.

**CBN Official Exchange Rate – 15th January 2024**

In contrast, the official exchange rate set by the Central Bank of Nigeria (CBN) for 15th January 2024 is:

– Buying Rate: 864
– Selling Rate: 865

It’s crucial to be aware that actual rates for buying or selling forex may differ from the figures presented here, as market prices can vary. The UN’s labor agency also expressed concerns about a potential increase in global unemployment in 2024, citing factors such as stagnant productivity, escalating inequalities, and the impact of inflation on disposable income.


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