Today’s Aboki Rate: US Dollar to Naira Black Market Rates

Ibekimi Oriamaja Reports.

What is the exchange rate of the US dollar to the Nigerian naira on the black market, also known as the parallel market? (Aboki effects) The August 7th black market Dollar to Naira exchange rate is shown below. You can convert your USD to Naira at these rates.

What is the current value of a dollar in Nigeria?
The black market dollar-to-naira exchange rate today (Aboki dollar rate) is as follows:
According to Bureau De Change sources, the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players on Sunday, August 7, 2022 will be N630 to N680. (BDC).

Remember that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has advised individuals interested in Forex to contact their respective banks.

Dollar to Nigerian Naira exchange rate Black Market Rate Today
Today’s Black Market Dollar to Naira (USD to NGN) Exchange Rate 630 Selling Rate 680
Please keep in mind that due to price fluctuations, the rates at which you buy or sell forex may differ from those depicted in this article.
FG Call and data taxes are expected to generate N160 billion.
The Federal Government will earn approximately N160.46 billion in excise duty on phone calls and mobile data in 2023.

The Nigerian Communications Commission (NCC) estimates that implementing the government’s 5% excise duty on telecom services will generate N160.46 billion.

The NCC also revealed that GSM, Fixed Wired, and Internet Service Providers’ combined revenue in 2021 would be N3.21 trillion.

The N160.46 billion is based on the telcos’ revenue remaining constant. However, depending on the state of the economy in 2022, it could be higher or lower in real terms.

The Federal Government recently announced a plan to levy a 5% excise duty on telecommunications services in the country.

This was revealed during a stakeholders’ forum on the implementation of excise duty on telecommunications services in Nigeria by Zainab Ahmed, Minister of Finance, Budget, and National Planning.

The excise duty was implemented to increase government revenue, according to Ahmed, who spoke through the Ministry’s Assistant Chief Officer, Frank Oshanipin.