Dollar to Naira Exchange Rates
Black Market Dollar To Naira Exchange Rate To 13th March 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 12th March, 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 Sunday 12th 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|
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Naira Crisis: CBN Stops Cash Swap Programme In Rural Areas
The cash swap programme of the Central Bank of Nigeria (CBN) has been stopped in rural and unbanked areas.
Naija News learnt that rural dwellers from unbanked areas can no longer swap old notes for the new ones through the CBN’s cash swap programme.
It was gathered that the CBN Acting Spokesperson, Isa Abdulmumin who disclosed the development to The Punch, said the programme has fulfilled its mandate and so the apex bank has stopped it.
It would be recalled that the CBN as part of its efforts to promote financial inclusion introduced the cash swap programme to give access to Nigerians in rural areas or those with limited access to formal financial services to exchange old naira notes for the redesigned notes.
The apex bank in its bid to make the programme effective had excluded mobile money/Point of Sales (PoS) agents in Abuja and Lagos, emphasising that it was meant for people without a bank account.
However, in the latest development, the CBN acting spokesman said the programme was only for a while and not for a lifetime.
Abdulmumin submitted that “The programme has stopped. The cash swap was not in perpetuity and has a lifeline.”