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 September, 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 N1660 and sell at N1665 on Thursday 12th September 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 | N1660 |
| Selling Rate | N1665 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1587 |
| Selling Rate | N1588 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Ecobank Nigeria has reportedly threatened action against a law firm, Sofunde Osakwe Ogundipe & Belgore Legal Practitioners (SOOBLP), as well as some media outlets covering the Central Bank of Nigeria’s (CBN) investigation into the bank.
The move appears aimed at muzzling the media, forcing news blackout on the development, and silencing critics.
In a letter to SOOBLP, Ecobank Nigeria accuses the law firm of damaging its reputation and distorting public perception following articles in the media about the CBN investigation. Ecobank Nigeria is demanding both an apology and 10 billion naira (approximately $6.25 million USD) in damages
The bank has also pressured some media houses who have reported on the story to remove articles and desist from further reporting the matter.
According to findings, an online media platform, Ripples Nigeria was one of the media houses Ecobank’s lawyers had written demanding that the story be brought down.
Commenting on the situation, Lateef Omoyemi Akangbe, Partner at the law firm who represents Wilben Trade, said: “Ecobank’s claims that the Central Bank of Nigeria has not launched an investigation is incorrect and we have written proof, directly from the CBN, to the contrary.”
“Seeking to pressurise independent media outlets by threatening them with legal action and demanding astronomical sums of money, is a desperate resort to bullying in order to suppress facts.”
