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Dollar to Naira Exchange Rates

Black Market Dollar To Naira Exchange Rate Today 10th January 2023


Dollar to naira exchange rate today

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 9th January, 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 N730 and sell at N740 on Monday 9th January 2023, 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 RateN730
Selling RateN740

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

CBN Clarifies Fresh Directive To Banks, Says There Is Enough New Naira Notes To Meet Demand

The Central Bank of Nigeria (CBN) has clarified that it did not ban Deposit Money Banks (DMBs) from paying customers the new notes over the counter.

Naija News reports that the CBN in a memo had directed the banks to load their Automated Teller Machines (ATMs) with only new notes to ensure that the currency circulates across the nation ahead of the January 31 deadline.

Clarifying reports that it stopped over the counter withdrawal, the CBN’s Director of Corporate Communication, Osita Nwanisobi, disclosed that the directive to the banks to dispense new notes via ATMs was to complement over-the-counter transactions and increase the circulation of the redesigned notes.

He stated that DMBs have enough new notes to circulate across the nation ahead of the January 31 deadline when old notes will cease to be a legal tender.

He told ThisDay that adequate plans have been made to heighten the circulation of the new notes, adding that speculations that the banks do not have enough new notes for circulation were false.

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Whole urging the general public to continue to use the old notes as they remain legal tender, Nwasinobi explained that the old notes are more prominent in the banking halls because they are still in circulation and remain legal tender.