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 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 N780 and sell at N790 on Saturday, 8th 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 | N780 |
| Selling Rate | N790 |
Twelve petroleum marketers were arrested on Friday in Kogi State for allegedly removing Nigeria Mainstream Downstream Petroleum Regulatory Authority (NMDPRA)’s closure seal and returning to petrol sale at their various stations.
Naija News reports that the petrol marketers were apprehended by operatives of the Nigeria Security and Civil Defence Corps (NSCDC), who collaborated with the NMDPRA.
In June this year, NMDPRA reportedly sealed 50 out of 90 fuel stations operating in Kogi state over offences ranging from expired licenses and under-dispensing of products, among others.
However, yesterday when the Kogi Command of the NSCDC, in collaboration with the surveillance team of NMDPRA, went about checking the activities of some petroleum stations across the state, it was discovered that the marketers had reopened some of the sealed stations.
Giving an update on the development, the spokesperson of the NSCDC, Alex Agiri, said the suspected petroleum marketers were arrested in Lokoja, Idah, Ankpa, Anyingba and Ajaokuta.
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