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 7th July 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 N795 and sell at N797 on Friday, 7th July, 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
N795
Selling Rate
N797
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country against transactions with businesses and persons in the Russian Federation, the Democratic People’s Republic of Korea, Iran and Cameroun.
Naija News reports that the warning was issued in a circular on Thursday referenced: FPR/AML/PUB/BOF/001/029, by the Director, Financial Policy and Regulation, Chibuzo Efobi.
The apex bank stated that Nigerian banks and other financial institutions needed to watch transactions with those countries.
According to the CBN, transactions from these countries had been placed under the high-risk jurisdictions list by the Financial Action Task Force (FASTF).
The FATF is the global money laundering and terrorist financing watchdog. It sets international standards that aim to prevent these illegal activities and the harm they cause to society.