Dollar to Naira Exchange Rates
Black Market Dollar To Naira Exchange Rate Today 13th February 2024
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 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 N1490 and sell at N1495 on Monday 12th February 2024, 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 | N1490 |
| Selling Rate | N1495 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 1514 |
| Selling Rate | 1515 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
CBN Mandates Banks To Notify Customers Before Commencing Debt Recovery Procedures
The Central Bank of Nigeria (CBN) has mandated regulated entities to notify customers of outstanding obligations before initiating debt collection processes.
The objective is to ensure transparency, courtesy, and fairness in the debt recovery procedure.
The CBN delineated this instruction in a publication unveiled on Thursday through its website titled “Revised Consumer Protection Regulations.”
The document emphasised that its purpose is to ensure financial institutions’ adherence to consumer protection principles.
Consumer rights are outlined within the regulations, aiming to improve outcomes and facilitate access to financial services.
According to the document, foreclosures should be pursued only as a final recourse when all other recovery alternatives have been exhausted.
