Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 4th December 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 3rd December, 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 N1725 and sell at N1730 on Tuesday 3rd December 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 CBN Rate Today

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

Naira Scarcity: CBN Issues Warning To Commercial Banks

The Central Bank of Nigeria (CBN) has warned financial institutions of severe penalties if they fail to address the ongoing cash scarcity at Automated Teller Machines (ATMs).

Naija News reports that the CBN Governor, Olayemi Cardoso, issued this warning on Friday during the annual Bankers’ Dinner hosted by the Chartered Institute of Bankers of Nigeria.

His remarks follow widespread reports of cash shortages at both ATMs and bank counters.

Addressing the issue, Cardoso said, “We are aware of the persistent challenges with cash availability at ATMs, which heavily impact everyday Nigerians. To tackle this, we are conducting spot checks on deposit money banks and will penalize institutions that fail to meet expectations.”

He further announced that, effective December 1, 2024, customers experiencing difficulties withdrawing cash at ATMs or bank branches can report such issues directly to the CBN through dedicated phone lines and email addresses provided for each state.