Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 29th July 2024

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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 28th 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 N1600 and sell at N1613 on Sunday 28th July 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	N1600
Selling Rate	N1613

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	CBN Rate Today
Buying Rate	N1601
Selling Rate	N1602

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

CAC Issues Fresh Guidelines For Banks Recapitalization, Merger

The Corporate Affairs Commission (CAC) has released updated regulations to aid Deposit Money Banks in the current recapitalisation process.

According to a statement released by the commission’s management and shared on its official Facebook page on Friday, the new directive is in line with its authority as outlined in Section 8 (1) (e) of the Companies and Allied Matters Act No. 3 of 2020, emphasizing the immediate compliance with the policy.

The guidelines are intended to provide assistance in the proper submission of applications for new incorporations, share capital increases, mergers, and changes in license authorization.

In the case of new incorporations, the CAC specified that applicants must provide essential documents such as an approved name reservation or availability, preliminary approval from the sector regulator, a completed online incorporation form, and payment of stamp duty and filing fees based on the type of license authorization.