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

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 December, 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 N740 and sell at N750 on Tuesday 20th December 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	N740
Selling Rate	N750

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

Cash Limits: PoS Operators Give CBN Ultimatum

The call for the Central Bank of Nigeria (CBN) to reverse its cash withdrawal limits policy is still on the high.

This is as the Association of Mobile Money and Bank Agents in Nigeria on Sunday expressed optimism that the apex bank will reverse the policy.

The AMMBAN National President, Victor Olojo in a chat with Punch said the National Assembly has promised to prevail on the CBN Governor, Godwin Emefiele, to revise the policy.

Recall that the apex bank a few days ago fixed weekly cash withdrawals for individuals at N100,000 and corporate bodies at N500,000 weekly.

According to CBN, withdrawals above the thresholds would attract processing fees of five per cent and 10 per cent respectively, for individuals and corporate entities effective January 9.

In addition, third-party cheques above N50,000 shall not be eligible for over-the-counter payment while extant limits of N10 million on clearing cheques still remain.