Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 27th March 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 26th 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 N1300 and sell at N1350 on Tuesday 26th March 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	N1300
Selling Rate	N1350

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	CBN Rate Today
Buying Rate	1415
Selling Rate	1416

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

MTN Loses 7.3 Million Subscriptions Over NIN-SIM Linkage

South African multinational corporation and mobile telecommunications provider, MTN, reportedly experienced a significant decline of 7.3 million active subscriptions in January 2024.

Recent industry data indicated that this drop occurred as a result of complying with the Nigerian Communications Commission (NCC)’s directive to deactivate SIM cards that were not linked with National Identification Numbers (NINs).

Naija News recalls that in December 2023, the NCC instructed all telecommunication operators, including MTN, Airtel, Globacom, and 9mobile, to implement a full network barring on phone lines without submitted NINs by February 28, 2024.

Subscribers who provided their NINs but were not validated were threatened with complete deactivation.

For unverified NINs with five or more connected lines, the NCC threatened deactivation would take place by March 29, 2024. Similarly, lines with fewer than five connections to an unverified NIN would be deactivated by April 15, 2024.

MTN’s active subscriptions dropped from 87 million in December 2023 to 79.7 million in January, resulting in a loss of approximately 7.3 million subscriptions, as per the most recent NCC data.