Black Market Dollar To Naira Exchange Rate To 28th March 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 27th March, 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 N750 on Monday 27th March 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

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

NLC Strike May Not Happen As CBN Opens Vault To Banks

There are high hopes that the planned strike by the Nigeria Labour Congress (NLC) may not happen again as the Central Bank of Nigeria (CBN) opened its vaults to commercial banks to circulate banknotes.

Naija News reports that there has been untold hardship for the citizens for many weeks since the CBN redesigned the country’s banknotes and introduced a new cash swap policy.

Due to the development, the NLC had planned to embark on an industrial action on Wednesday to protest the naira scarcity in Nigeria.

Reports, however, revealed that the cash crunch is beginning to ease as residents of Lagos, Enugu, Kano and Port Harcourt smiled home last weekend as they could withdraw from Automated Teller Machines (ATMs) and banking halls.

The Guardian suggests that gradual easing of the naira scarcity could force the NLC to shelve its planned strike.

Naija News understands that the NLC National Executive Council (NEC) will meet on Tuesday (tomorrow) to reassess and review cash availability across the nation and finalise its strategies.

Speaking with journalists on Sunday, the President of the NLC, Joe Ajaero, explained that the labour group NEC would meet on Tuesday to review the situation and compliance by banks to alleviate the sufferings Nigerians are currently going through over the naira scarcity.