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 23rd January, 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 N1655 and sell at N1665 on Thursday 23rd January 2025, 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 | N1655 |
| Selling Rate | N1665 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | N1558 |
| Lowest Rate | N1548 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Meanwhile, Union Bank announced on Thursday the commencement of a daily withdrawal limit on point-of-sale (PoS) terminals.
Naija News gathered that Union Bank reached the decision following the directive by the Central Bank of Nigeria (CBN) on December 17, 2024, limiting the daily withdrawal limit on PoS to ₦100,000 per customer.
The apex bank noted that the directive aims to address identified challenges, fraud and establish uniform operational standards across the industry.
Union Bank, in an email sent to its customers, said implementation of the daily withdrawal limit has commenced, and customers are limited to a weekly withdrawal of ₦500,000 on PoS.
The email reads, “In line with CBN directives, please note that effective immediately, the daily withdrawal limit on POS is now N100,000, while the weekly limits are now fixed at ₦500,000.
“Our ATMs are also available for your cash withdrawals. We encourage you to use our alternative channels (UnionMobile, *826#, UnionOnline) for all your transactions.”
