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 8th 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 N1640 and sell at N1650 on Sunday 8th 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 | N1640 |
| Selling Rate | N1650 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1628 |
| Selling Rate | N1629 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The Senate Clerk of the National Association of Nigerian Students (NANS), Oladimeji Uthman, has urged economic policymakers to reconsider the recently implemented electronic transaction fees imposed by fintech companies.
In a statement released on Sunday, Uthman expressed his strong disapproval of the new regulation, which requires a deduction of ₦50 for every electronic transfer of ₦10,000 or more conducted through fintech services.
This policy, scheduled to be enforced starting September 9, 2024, is perceived as an additional financial strain on Nigerian students and the broader community.
Uthman noted that this new charge, which was previously limited to commercial banks, now applies to fintech platforms such as OPay and Moniepoint, effectively ending the period of complimentary banking services that many of these providers had offered.
“The levy directed to the Federal Government via the FIRS does not benefit the fintech companies themselves,” he stated.
Uthman urged the Federal Government to consider alternative revenue streams, including investments in agriculture, high-quality education, infrastructure enhancement, and job creation, instead of placing further financial strains on students and the general populace.
