Black Market Exchange Rate between Dollar and the Naira as of February 25, 2023

Black Market Exchange Rate between Dollar and the Naira as of February 25, 2023

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 24th 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 N765 and sell at N770 on Friday 24th February 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.

Black Market Exchange Rate between Dollar and the Naira as of February 25, 2023

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today

Buying Rate                                         N765
Selling Rate                                         N770

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

Bank Customers Groan Over Inability To Collect N5,000 Over The Counter As Naira Scarcity Bites Harder
The continued scarcity of the Naira has increased the hardship of many bank customers who are now forced to join long queues to withdraw N5,000 and has led to heated exchanges in the process.

Black Market Exchange Rate between Dollar and the Naira as of February 25, 2023

In many of these banks, the Punch reports that many of the ATMs were not dispensing while customers at Zenith Bank Plc branches at First Avenue, FESTAC, and First Gate, complained about how they were not able to get cash.

A bank official at the First Gate branch of the bank blamed network downtime for their inability to attend to customers. The official said, “Our network has been down for some time, and we have not been able to do much.”

At a Polaris Bank branch around the area, customers were being allowed to withdraw N4,000. Customers of both Fidelity Bank Plc and Access Bank Plc at their branches at First Gate, Old Ojo road confirmed that they were able to withdraw N5,000.

A customer, Ramat Aileru, at Access Bank said, “I came here at 7:00 am and I got into the banking hall at past 11:00 a.m. I was able to get N5,000. I was paid with N200 old notes.”

Another customer, Ijeoma Nwachukwu, stated that she was aiming to get N20,000 from all her accounts at N5,000 each.

Black Market Exchange Rate between Dollar and the Naira as of February 25, 2023

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At Fidelity Bank, a customer, who did not want his name in print, said, “I picked number 82. I have been to a church service and back. They have not gotten to my number.”