Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 11th November 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?[/b]

See the black-market Dollar to Naira exchange rate for 10th 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 N1735 and sell at N1740 on Sunday 10th November 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 CBN Rate Today

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The Nigeria Deposit Insurance Corporation (NDIC) has called on customers of the defunct Heritage Bank who have not yet received their payments to come forward and provide their account details for processing.

This announcement was made by Bello Hassan, the managing director of NDIC, during the corporation's 'special day' event at the 36th Lagos International.

Addressing the audience, Hassan elaborated on NDIC's oversight and regulatory functions, highlighting the corporation's role in liquidating Heritage Bank and facilitating the ongoing recovery and refund of depositors' funds.

"Depositors who are yet to receive their payment should come forward with their BVN, proof of account ownership, identification, and alternative account details," Hassan said, emphasizing that claims can be submitted through NDIC's various channels, including their website, email, and social media platforms.

Hassan reaffirmed NDIC's commitment to protecting depositors from the adverse impacts of bank failures, a mission carried out in close collaboration with the Central Bank of Nigeria (CBN).

"Our mandate is to safeguard depositors and ensure financial stability," he stated.

"On the broader financial landscape, the NDIC boss assured the public that Nigeria's banking system remains stable. "All banks with active licenses from the CBN are safe and healthy," Hassan said.

Represented by Nuhu Bashir, the director of communications and public affairs, Hassan added that the NDIC continues to work diligently to promote the soundness and safety of the financial system in Nigeria.

"The NDIC is committed to ensuring a stable financial environment that safeguards depositors and builds public confidence, enabling businesses to thrive and contribute to our nation's economic development," he added.