Black Market Dollar To Naira Exchange Rate To 10th February 2023

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 February, 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 N752 and sell at N755 on Thursday 9th February 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 Rate	N752
Selling Rate	N755

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

New Naira: CBN Discloses Those To Be Blamed For Cash Scarcity

The Central Bank of Nigeria, (CBN) has disclosed the reason for the naira scarcity plaguing the nation.

The apex bank Director of Consumer Protection, Rashidat Mongunu while monitoring microfinance banks in Offa, Offa Local Government Area of Kwara on Thursday revealed that Nigerians are responsible for hoarding the cash.

The monitoring team first paid homage to the Olofa of Offa, Oba Mufutau Gbadamosi, before heading to Stockcorp Microfinance and Ibolo Microfinance banks.

The CBN director maintained that the notes have been made available in the right quantity by the apex bank but certain individuals have taken it upon themselves to keep the cash meant for the masses and subsequently cause economic hardship.

She insisted that the attitude of Nigerians has worsened the situation in the country.

“Because of the attitude of some Nigerians in hoarding the money, even those that don’t really need the money are rushing to get it and keep it, not to spend,” she said.