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Black Market Dollar To Naira Exchange Rate To 9th March 2023

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Dollar To Naira Exchange Rate Today 25 November 2021 (Black Market Rate)

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 March, below. You can swap your dollar for Naira at these rates. (inspireclion.com)

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 N756 and sell at N760 on Thursday 9th March 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 N756
Selling Rate N760

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

CBN Denies Directive On Disbursement Of Old Notes – Banks React

Some commercial banks in Nigeria have taken a bold step to commence the disbursement of old N1,000 and N500 notes in their banking halls and Automated Teller Machines (ATMs), Naija News understands.

This is despite the Central Bank of Nigeria (CBN) clarifying that it has not issued a fresh directive to commercial banks on last Friday’s judgment of the Supreme Court ordering the circulation of the old naira notes alongside the new ones until December 31.

Recall that the apex bank’s currency redesign policy and Naira swap programme have raised controversies since its implementation.

The policy, despite its goodwill, has brought untold suffering to Nigerians, and concerned stakeholders have since challenged the CBN and the federal government in court.

A few days ago, a seven-member panel of justices presided over by Justice Inyang Okoro had described as unconstitutional President Muhammadu Buhari’s directive to the CBN for the redesigning and withdrawal of old notes of N200, N500 and N1,000, without consultation with the states, Federal Executive Council, the National Council of States, and other stakeholders.

However, the CBN has remained muted since the court made its position known. The development, has, however, left commercial banks and business operators in confusion.

Speaking earlier on Tuesday, the CBN spokesman, Isa Abdulmumin, explained to reporters that the CBN has not issued an official statement on the circulation of the old naira notes.