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 20th July 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 N830 and sell at N840 on Thursday, 20th July 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 | N830 |
| Selling Rate | N840 |
Ecobank Nigeria Limited has disclosed plans to appeal a Federal High Court judgment in Lagos, directing it to pay N72.2 billion to Honeywell Flour as damages.
Earlier, Naija News reported that Ecobank was ordered to pay N72.2 billion in damages to Honeywell Flour Mills Plc on Tuesday.
The directive was given by Justice Liman of the Federal High Court in Lagos.
Honeywell Flour Mills is said to have filed a suit against ECOBANK in 2018. In the case FHC/L/CS/1554/2018, the company seeks legal redress for the losses incurred due to an ex-parte asset freezing order granted to Ecobank Nigeria in 2015
Ecobank was said to have sworn an oath to indemnify Honeywell Flour Mills if the ex-parte orders were deemed frivolous.
In his arguments, Counsel to Honeywell Flour Mills, Bode Olanipekun, SAN, argued that the Supreme Court’s determination that the ex-parte orders obtained by Ecobank were improper implies that the application was frivolous.
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