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Dollar to Naira Exchange Rates

Black Market Dollar To Naira Exchange Rate Today 21st June 2022

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JUST IN: Naira Hits Strong Against Dollar At Parallel Market
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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 20th June, 2022, 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 N595 and sell at N610 on Monday, 20th June, 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 595
Selling Rate 610

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.

NGX: GTCO, Zenith, FBN, Access Bank, Others Rake In N47trn From Deposits

First Bank of Nigeria, Access, Zenith, GTCO, UBA, and Ecobank led other top commercial banks with respect to deposits, assets, loans and profitability to rake in forty-seven trillion Naira in December last year, reports showed.

Naija News understands that the above-mentioned banks maintained their industry dominance from the list of fourteen banks mentioned by the Nigerian Exchange Limited (NGX) in its recent statistics.

The fourteen banks listed in the report include Access Bank, Fidelity Bank, FCMB Group, FBN Holdings, GTCO, Union Bank, United Bank for Africa (UBA), Zenith Bank, Ecobank Group, Stanbic IBTC, Sterling Bank, Unity Bank, Wema Bank and Jaiz Bank.

Based on figures reported in the full-year financial statement by one of the tier-one banks, the banks raked in a total of N46.863 trillion from their respective customers as deposits in December 2021, which was 18 per cent higher than the N39.491 trillion recorded as of December 2020.

The report also showed that the 14 banks disbursed a total of N24.999 trillion as loans and advances to their customers in the period under review, which was 20 per cent higher than the N20.852 trillion recorded the previous year, just as the combined profit after tax they posted increased by 17 per cent to N1.102 trillion in 2021, higher than the N939 billion recorded within the same period in 2020.