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SEE Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 2nd August 2024
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By Kayode Sanni-Arewa
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 1st August, 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 N1605 and sell at N1615 on Thursday 1st August 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 N1605
Selling Rate N1615
*Dollar to Naira CBN Rate Today*
Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1610
Selling Rate N1611
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
News
Painful: Venezuela Earthquake Death Toll Increases Beyond 5,000
The twin earthquakes that struck Venezuela last month killed over 5,000 people, National Assembly chief Jorge Rodriguez posted on Telegram Friday.
The 7.2 and 7.5 magnitude quakes struck within a minute of each other on 24 June, decimating the coastal state of La Guaira located north of Caracas.
The disasters killed 5,069 people, Rodriguez said, with most casualties occurring in the coastal region.
The number of people injured remains unchanged at 16,740, with the parliamentary leader earlier stating that most had already been discharged from hospital.
Some 20,000 people made homeless by the quakes are living in overcrowded camps, many of which lack water supplies and proper sanitation systems.
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Court stops FRSC from operating on state, LG roads
The federal high court in Kano has barred the Federal Road Safety Corps (FRSC) from operating on state and local government roads.
The court also declared the corps’ operations on township roads within Kano metropolis unlawful, holding that they violated the fundamental rights of citizens.
In a judgment delivered on Thursday, M.S. Shuaibu, the presiding judge, ruled in favour of Abba Hikima, a Kano-based lawyer who sued the FRSC over its activities in July 2025.
According tọ media reports,the judge held that FRSC officers acted outside their statutory powers by stopping, questioning and delaying motorists on township roads.
He added that the actions breached the constitutional rights to personal liberty and freedom of movement guaranteed under sections 35 and 41 of the 1999 Constitution.
The judge granted all the reliefs sought by Hikima, including a perpetual injunction restraining FRSC personnel from stopping or harassing motorists on Kano state roads without lawful authority.
He also ordered the corps to publish a public apology in a national newspaper and awarded the applicant N800,000 in damages and costs.
The suit followed an incident in July 2025 when FRSC operatives mounted checkpoints on township roads in Kano and stopped motorists, including Hikima, demanding driver’s licences and questioning them despite the absence of any primary traffic offence.
Hikima subsequently approached the federal high court, noting that the corps had unlawfully violated his fundamental rights.
He said that the FRSC’s statutory mandate covers only federal highways and does not extend to state or local government roads.
News
SAD: Popular former Nigerian Minister, Isoun, is dead
The Isoun family announced the death of former minister Turner Isoun, who passed away in Abuja on Wednesday, July 15, 2026
Isoun served as Minister of Science and Technology under ex-President Olusegun Obasanjo and championed Nigeria’s space and ICT revolution.
According to Premium Times, the Isoun spokesperson, Diseye Timinipre Isoun, confirmed the passing of the family patriarch in a statement, noting that the elder statesman was based in Odi, Bayelsa State.
In his reaction, Governor Douye Diri of Bayelsa State described the late Professor as “an academic colossus whose contributions to scholarship and national development are outstanding and immeasurable.”
He stated that Prof. Isoun’s demise was a significant loss not only to the Ijaw nation but also to Nigeria as a whole, The Nation reported.
Isoun’s ‘legacy’ in science and ICT
A Professor of Veterinary Medicine by training, Isoun made his most enduring mark during his tenure as Minister of Science and Technology in the administration of former President Olusegun Obasanjo.
He was widely credited with driving Nigeria’s early push into information technology and space exploration.
Among his most consequential initiatives was the establishment of the National Information Technology Development Agency (NITDA) and the creation of Galaxy Backbone Plc, a government ICT firm set up to harmonise national communication networks and build a reliable broadband infrastructure across the country.
Under his watch, Nigeria also achieved landmark milestones in space technology, including the launch of NigeriaSat-1 and Nigcomsat 1R, two satellites that marked a defining chapter in the country’s scientific history.
Before his ministerial career, Isoun had already distinguished himself in academia.
He served as the founding Vice Chancellor of the University of Science and Technology in Port Harcourt in the old Rivers State, now known as Rivers State University, laying what Governor Diri described as the solid foundations of the country’s first technology-focused university.
Beyond his academic and governmental roles, Isoun remained deeply connected to his Ijaw heritage.
He served as chairman of the Ijaw National Congress, Central Zone, and played a notable part in the political process that led to the creation of Bayelsa State from the old Rivers State in 1996.
“The Odi-born scientist would be greatly missed for his candour, wise counsel and commitment to Ijaw socio-cultural values,” Governor Diri said, while extending condolences from the Bayelsa State Government to the Isoun family and community.
He urged them to take comfort in the late elder statesman’s lasting contributions to national life.
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