he 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 31st 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 N740 and sell at N748 on Saturday 31st December 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 Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N740 |
| Selling Rate | N748 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Worries As GTBank Suspends Int’l Transactions On Naira Mastercard
Guaranty Trust Bank (GTBank), also known as GTCO PLC, elicited worries on Thursday after it announced the suspension of international transactions on its naira Mastercard.
Naija News reports that the multinational financial services group informed its customers yesterday via their registered emails that they will not be able to transact with the Naira Mastercards from Saturday, December 31, 2022.
According to the bank, Naira Mastercards would be banned from international spending from the stated date as all transactions related to such can now be done only on GTBank dollar cards.
It also noted that Naira Mastercards would be invalid for international online and Point of Sales (POS) transactions from the stated date.
The statement reads: “We write to inform you that you will no longer be able to use your naira Mastercard for international online and POS transactions effective 31st December 2022.
“Kindly note that you can use your GTBank dollar card for all your international spending requirements.”
Naija News reports that GTBank also noted that its dollar card now only allows a daily $1,000 (or equivalent in the local transaction currency) withdrawal limit on ATM transactions.
It added that there would be no withdrawal limit on “annual spend and POS transactions” for the dollar cards.
From all indications, financial institutions are now cutting down spending limits or suspending international transactions on their cards, and GTBank has just followed suit with others.