Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 1st May 2024
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<p>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 30th April, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? […]</p>
<p>The post <a href="https://www.naijanews.com/2024/05/01/black-market-dollar-usd-to-naira-ngn-exchange-rate-today-1st-may-2024/">Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 1st May 2024</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
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 30th April, 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 N1350 and sell at N1360 on Tuesday 30th April 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
N1350
Selling Rate
N1360
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN)
CBN Rate Today
Buying Rate
N1164
Selling Rate
N1165
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The Naira experienced a significant 23% decline against the dollar last week, attributed to heightened demand for dollars in the parallel market driven by both banks and end-users, coupled with delays in forex disbursement to BDCs by the Central Bank of Nigeria (CBN).
While the CBN’s intervention in the official Nigeria Foreign Exchange Market (NAFEM) on Friday led to the Naira’s appreciation in the parallel market, currency dealers and analysts remained cautious about the Naira’s outlook for the ensuing week, emphasizing the importance of the speed and effectiveness of CBN interventions.
Over the course of two months, the value of the Naira steadily increased from ₦1,820 per dollar on Wednesday, March 21 to ₦1,140 by Friday, April 19.
However, last week, the Naira experienced a depreciation for four consecutive days, dropping by ₦285 (25%) to ₦1,405 per dollar by Thursday, April 25th.
Following the same trend in the official market, the Naira depreciated by ₦169.24 (9.9%) to ₦1,339.23 per dollar on Friday last week, April 26th, from ₦1,169.99 per dollar on Friday, April 19.
<img src="https://www.mtlblog.com/media-library/aisle-at-a-grocery-store-in-montreal-illustrative.jpg?id=54017175&width=1200&height=800&coordinates=229%2C0%2C230%2C0"/><br/><br/><p>The Canadian Food Inspection Agency (CFIA) has recently shared multiple <a href="https://www.mtlblog.com/tag/recall" target="_blank" rel="noopener">recall notices</a> for foods sold in Quebec, including popular products like burrata cheese, Haribo gummy candies and tons of frozen waffles and pancakes. </p><p>These recalls, affecting everything from frozen foods to packaged goods and even deli meats, are due to various safety concerns — including potential <a href="https://www.mtlblog.com/food-recalls-quebec-listeria-oct-2024" target="_blank" rel="noopener">listeria</a> and E. coli contamination and even foreign objects like insects and pieces of wood.</p><p>In case you missed it last week, this round of recalls also includes the <a href="https://www.mtlblog.com/frozen-waffle-recall-canada-no-name-great-value" target="_blank" rel="noopener">huge recall of frozen waffles</a> sold by major Canadian retailers like Walmart, <a href="https://www.mtlblog.com/food-recalls-quebec-pc-kirkland-no-name" target="_blank" rel="noopener">Provigo</a> and Metro due to possible listeria contamination. That recall has also since been <a href="https://www.mtlblog.com/frozen-waffle-recall-expanded-pancakes" target="_blank" rel="noopener">expanded</a> to include even more brands, flavours and sizes, as well as various frozen pancakes. </p><p>The CFIA urges Canadians to check their kitchens for any of these recalled products and to either throw them out or return them to the store where they were bought. Here's a rundown of six of the latest food items being recalled in Quebec and why they're being flagged.</p><h3>Various brands of frozen waffles and pancakes</h3><br/><img alt="No Name brand Blueberry Waffles." class="rm-shortcode" data-rm-shortcode-id="63128d6af6fe6bb967cc0a499eab1bd9" data-rm-shortcode-name="rebelmouse-image" id="07894" loading="lazy" src="https://www.mtlblog.com/media-library/no-name-brand-blueberry-waffles.png?id=54016975&width=980"/><p>
<strong>Recalled products:</strong> 55 different products and flavours from the following brands:
</p><ul>
<li>Compliments (house label at IGA, Voisin, Marché Bonichoix, Marchés Tradition, Rachelle-Béry and other affiliated Sobeys stores)</li>
<li>Duncan Hines</li>
<li>Gordon Choice</li>
<li>Great Value (house label at Walmart)</li>
<li>Life Smart (house label at Metro, Super C and other affiliated stores)</li>
<li>Nature's Path Organic</li>
<li>no name (house label at Provigo, Maxi and other affiliated Loblaw stores)</li>
<li>President's Choice (house label at Provigo, Maxi and other affiliated Loblaw stores)</li>
<li>Selection (house label at Metro, Super C and other affiliated stores)</li>
<li>Western Family</li>
</ul><p>
<strong>Recall reason: </strong>TreeHouse Foods, Inc issued its initial <a href="https://www.mtlblog.com/frozen-waffle-recall-canada-no-name-great-value" target="_blank" rel="noopener">massive recall last Monday</a>, before <a href="https://www.mtlblog.com/frozen-waffle-recall-expanded-pancakes" target="_blank" rel="noopener">expanding it further on Tuesday</a>. It now includes over 50 different frozen waffles and pancakes of various types, flavours, sizes and brands, all of which are being recalled due to possible listeria contamination. You can check the CFIA recall notices below for the specific products as well as the affected lots' UPC codes and best-before dates.</p><p><strong><a href="https://recalls-rappels.canada.ca/en/alert-recall/various-brands-frozen-waffles-recalled-due-listeria-monocytogenes" target="_blank" rel="noopener">Initial frozen waffle recall</a> & <a href="https://recalls-rappels.canada.ca/en/alert-recall/various-brands-frozen-waffles-and-pancakes-recalled-due-listeria-monocytogenes#tablefield-node-76374-field_affected_products-0" target="_blank" rel="noopener">expanded recall notice</a></strong></p><h3>Haribo Tangfastics</h3><br/><img alt="Haribo Tangfastics." class="rm-shortcode" data-rm-shortcode-id="068a06861ebba6839e54f0404cc9ff51" data-rm-shortcode-name="rebelmouse-image" id="78c31" loading="lazy" src="https://www.mtlblog.com/media-library/haribo-tangfastics.jpg?id=54017036&width=980"/><p><strong>Recalled products:</strong> Haribo Tangfastics (gummy candies), 175 g — best before June 25, 2025</p><p><strong>Recall reason:</strong> Concord Sales is recalling one lot of Haribo gummies sold in New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario and Quebec due to "pieces of wood" in the product.</p><p><strong><a href="https://recalls-rappels.canada.ca/en/alert-recall/haribo-brand-tangfastics-gummy-candies-recalled-due-pieces-wood" target="_blank" rel="noopener">Haribo recall notice</a></strong></p><h3>Clic Jerusalem Couscous</h3><br/><img alt="Clic Jerusalem Couscous." class="rm-shortcode" data-rm-shortcode-id="a28960edefc8ece4e06cdda65ec47100" data-rm-shortcode-name="rebelmouse-image" id="17eae" loading="lazy" src="https://www.mtlblog.com/media-library/clic-jerusalem-couscous.png?id=54017050&width=980"/><p><strong>Recalled products:</strong> </p><ul><li>Clic Jerusalem Couscous, 907 g — various best-before dates</li><li>Clic Jerusalem Couscous, 5 kg — various best-before dates</li><li>Clic Jerusalem Couscous, 10 kg — various best-before dates</li></ul><p><strong>Recall reason:</strong> AGT Clic Foods Inc. is recalling various packages of Jerusalem couscous sold in Alberta, B.C., Ontario and Quebec due to the presence of insects. You can find the specific best-before dates and UPC codes on the CFIA recall notice below.</p><p><strong><a href="https://recalls-rappels.canada.ca/en/alert-recall/clic-brand-jerusalem-couscous-recalled-due-presence-insects" target="_blank" rel="noopener">Clic recall notice</a></strong></p><h3>Dal Molise Burratina</h3><br/><p><strong>Recalled products: </strong>Dal Molise Burratina, 200 g — best before December 15, 2025</p><p><strong>Recall reason:</strong> CTS Foods is recalling Dal Molise-brand Burratina — a smaller version of burrata cheese — sold in Alberta, Ontario and Quebec, due to "generic <em>E. coli</em>," which the CFIA describes as "non-pathogenic."</p><p><strong><a href="https://recalls-rappels.canada.ca/en/alert-recall/dal-molise-brand-burratina-soft-italian-fresh-cheese-creamy-center-recalled-due" target="_blank" rel="noopener">Dal Molise recall notice</a></strong></p><h3>Cordova Sauerkraut</h3><br/><p><strong>Recalled products:</strong></p><ul><li>Cordova Sauerkraut, 540 ml — best before July 15, 2025</li><li>Cordova Sauerkraut, 540 ml — best before August 16, 2025</li></ul><p><strong>Recall reason:</strong> Dollarama is recalling two lots of Cordova-brand sauerkraut sold across the country due to "bulging lids."</p><p><strong><a href="https://recalls-rappels.canada.ca/en/alert-recall/cordova-brand-sauerkraut-recalled-due-bulging-lids" target="_blank" rel="noopener">Cordova recall notice</a></strong></p><h3>Jubran Ground Jameed and Soup Starter</h3><br/><img alt="\u200bJubran Soup Starter." class="rm-shortcode" data-rm-shortcode-id="6168e8b608d462de41159580c0e47713" data-rm-shortcode-name="rebelmouse-image" id="65188" loading="lazy" src="https://www.mtlblog.com/media-library/u200bjubran-soup-starter.jpg?id=54017103&width=980"/><p><strong>Recalled products:</strong></p><ul><li>Jubran Ground Jameed Ready to Prepare, 300 g — all codes where milk is not declared on the label</li><li>Jubran Soup Starter, 500 g — all codes where milk is not declared on the label</li></ul><p><strong>Recall reason:</strong> Golden Eagle Trading is recalling Jubran-brand ground jameed and soup starter sold in Quebec due to undeclared milk, which is an allergen.</p><p><strong><a href="https://recalls-rappels.canada.ca/en/alert-recall/jubran-brand-ground-jameed-and-soup-starter-recalled-due-undeclared-milk" target="_blank" rel="noopener">Jubran recall notice</a></strong></p><p><br/></p><p><em>Love this? Check out our <a href="https://www.mtlblog.com/notices/" target="_blank" rel="noopener">MTL Blog noticeboard</a> for details on jobs, benefits, travel info and more!</em><br/></p><p><em>AI tools may have been used to support the creation or distribution of this content; however, it has been carefully edited and fact-checked by a member of MTL Blog's Editorial team. For more information on our use of AI, please visit our <a href="https://www.mtlblog.com/editorial-standards" target="_blank" rel="noopener">Editorial Standards page</a>.</em></p>
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