Naira To Dollar CBN Rate Today 24th July 2023
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 13th August below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N940 and sell at N945 on Sunday, 13th August 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 (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N940 |
| Selling Rate | N945 |
The Central Bank of Nigeria (CBN) has threatened to sanction banks caught engaging in illegal forex sales.
Naija News reports that the acting Chairman of the apex bank, Folashodun Shonubi disclosed that plans are underway to form a commission to handle such issues.
He said the commission, when formed, will be in charge of paying unscheduled visits to inspect banks who are accused of unlawfully selling dollars, noting that any bank caught will be punished.
The CBN boss spoke during a lecture titled: “Diaspora Remittances and Nigerian Economic Development” in Abuja.
He said, “We need to name and shame commercial banks involved in such malpractice.”
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