Black Market Dollar To Naira Exchange Rate Today 24th 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 23rd 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 N735 and sell at N742 on Friday 23rd 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

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

Banks Reduce New Naira Notes Withdrawal

The old notes of Naira in circulation will cease to be legal tender starting from the 31st of January, 2023.

Ahead of the fixed date by the Central Bank of Nigeria (CBN), banks have reduced the volume of new naira notes they dispense to customers per cash withdrawal.

An investigation carried out by Vanguard shows that some banks now give their customers ₦4,000 in the redesigned ₦1,000 note for cash withdrawal of N100,000, while some give ₦5,000 in redesigned note per N200,000 cash withdrawal.

This is a sharp reduction from the N10,000 in redesigned notes given to customers per N100,000 last week when the banks commenced circulation of the new notes.

A bank customer at the Access Bank branch, Ikotun Lagos, Sarah Okoyomo while speaking on the development said, “I just withdrew N50,000 over the counter and was paid N48,000 old notes and ₦2,000 new notes. How can these new notes circulate with such little disbursement?”