Naira To Dollar Black Market Rate Today 12th August 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 11th August 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 N940 and sell at N950 on Friday, 11th August 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	N940
Selling Rate	N950

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

Access Bank Drags Seplat’s Billionaire Co-Founder, Orjiako To Court

A bankruptcy suit has been filed against the co-founder of Seplat Energy, ABC Orjiako, by Access Bank Plc.

Naija News understands that a Federal High Court in Lagos has also granted an ex-parte order to recover an outstanding loan due to a court judgment by the High Court of the United Kingdom.

In a regulatory filing document sighted by The Whistler on Thursday, an Interim Order restrained Seplat Energy, other companies, and financial institutions from dealing with the shares, investments, bonds, assets, and funds belonging to its retired co-founder, Orjiako.

Seplat, in the order which was served on August 8, 2023, said, “Company was served with ex parte Interim Court Orders which were granted by the Federal High Court sitting in Lagos, Nigeria in a bankruptcy court action instituted by Access Bank Plc against Dr. A.B.C Orjiako, for the recovery of an outstanding loan amount that forms the judgment delivered by the High Court of the United Kingdom and registered in Nigeria as a judgment of the Federal High Court.

“The Interim Orders restrain Seplat Energy and other companies / financial institutions from dealing with the shares, investments, bonds, assets, and funds belonging to Dr. Orjiako (whether held by him directly or via proxy), which are in the custody of Seplat or any financial institution, pending the hearing and final determination of Access Bank’s motion for the appointment of a Special Manager.”