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 7th August, below. You can swap your dollar to Naira at these rates.
How much is dollar to naira today in 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 N630 and sell at N680 on Sunday, 7th August, 2022, 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 | 630 |
| Selling Rate | 680 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.
FG To Generate N160bn From Call, Data Taxes
The Federal Government will generate about N160.46bn from excise duty on telephone calls and mobile data in 2023.
According to the Nigerian Communications Commission (NCC), the government will generate about N160.46bn if it implements its five percent excise duty on telecom services.
The NCC also disclosed that the combined revenue of operators in the GSM, Fixed Wired, and Internet Service Providers was N3.21tn in 2021.
It said the N160.46b, however, assumes that the revenue of the telcos would be static. But in real terms, it could either be higher or lower depending on economic fundamentals in 2022.
Recently, the Federal Government disclosed a plan to implement a 5 per cent excise duty on telecom services in the nation.
This Minister of Finance Budget and National Planning, Zainab Ahmed, made this known during a stakeholders’ forum on the implementation of excise duty on telecommunications services in Nigeria.
Ahmed, who spoke through the Assistant Chief Officer of the Ministry, Frank Oshanipin, said the implementation of the excise duty was in a bid to increase the government’s revenue.
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