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Black Market Dollar To Naira Exchange Rate Today 8th

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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 7th November, 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 N1010 and sell at N1030 on Tuesday 7th November 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

Buying Rate N1010
Selling Rate N1030

Dollar to Naira CBN Rate Today

Buying Rate 802
Selling Rate 803

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

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Naira Vs USD: CBN To Ban Street Trading, Mulls Fresh Guidelines For BDCs

“A Tier 1 BDC is authorized to operate on a national basis, can open branches, and may appoint franchisees, subject to the approval of the CBN.

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Amid the continued fluctuation of the Naira against the US dollar in the foreign exchange market, the Central Bank of Nigeria says it is considering stopping street trading, among other fresh guidelines, to Bureau De Change Operators in Nigeria.

The apex bank disclosed this Friday in its draft Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria.

CBN plans to fix the minimum per capital share for Tier 1 and 2 BDC licenses to N2 billion and N500,000 million, respectively. This is a move away from the previously N35 million per capital share for general license.

“A Tier 1 BDC is authorized to operate on a national basis, can open branches, and may appoint franchisees, subject to the approval of the CBN.

A Tier 1 BDC (which is the franchisor) shall exercise supervisory oversight over its franchisees. All franchisees shall adopt their franchisor’s name, branding, technology platform, and rendition requirements.

A Tier 2 BDC is authorized to operate only in one state or the FCT. It may have up to three locations – a head office and two branches, subject to approval of the CBN. It is not permitted to appoint franchisees.”

The development comes amid a clampdown on illegal BDCs in Abuja, Lagos, Kano and Ibadan Oyo States by the operatives of the Economic and Financial Crimes Commission to stabilize the Naira against USD.

At the close of work on Friday, the Naira depreciated N1,665.50 per US dollar from N1571.31 on Thursday at the FMDQ market. Meanwhile, in the parallel market.

The Naira traded for N1,750 to N1,800 per USD on Friday compared to N1,680.00 on Thursday.

CBN had unveiled several FX interventions in the past months but the country’s foreign exchange crisis has, however, persisted.

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Black Market Dollar To Naira Exchange Rate Today 19th February 2024

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Black Market Dollar to Naira Exchange Rate Tracker, 19th February 2024 in Nigeria can be accessed below.

JomogNews Nigeria has obtained the official Naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.

As of now, you can purchase 1 dollar at ₦1,710 and sell it at ₦1,715 however, it’s important to keep in mind that the rate can shift (either upwards or downwards) within hours.

See the black market Dollar to Naira exchange rate for 19th February 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 N1705 and sell at N1710 on Monday 19th February 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 (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1710
Selling Rate N1,715

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1,605
Selling Rate N1,607

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

The Federal Government has stepped up talks with the Kingdom of Morocco to expedite the process of reaching the Final Investment Decision (FID) on the Nigeria-Morocco Gas Pipeline.

The pipeline would pass through the Republic of Benin, Togo, Ghana, Cote d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, Gambia, Senegal, Mauritania, and end in Morocco with a spur to Spain, according to a statement released on Thursday by the Chief Corporate Communications Officer of the Nigeria National Petroleum Company Limited (NNPCL) Olufemi Soneye.

JomogNews Nigeria reports that on Wednesday, January 24, 2024, the NNPC Ltd.’s Executive Vice President, Gas, Power & New Energy, Mr. Olalekan Ogunleye, and Mme Amina Benkhadra, Director General of the Morocco National Office of Hydrocarbons and Mines (ONHYM), served as the discussion’s anchors. The meeting was between the Honorable Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, and the Moroccan Minister of Energy Transition and Sustainable Development, Leila Benali.

The discussions centered on ways to advance the collaboration between the two nations in order to expedite the Nigeria-Morocco Gas Pipeline Project following the several Memoranda of Understanding (MoUs) that were inked in Abuja in 2022.

In order to achieve the goal of reducing energy poverty on the continent, the stakeholders emphasized the project’s strategic significance for their respective nations as well as for all of Africa. They also emphasized the urgency with which the project must be completed.

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Black Market Dollar To Naira Exchange Rate Today 16th February 2024

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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 15th February, 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 N1555 and sell at N1565 on Thursday 15th February 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 (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1555
Selling Rate N1565

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate 1516
Selling Rate 1517

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

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