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 21st September, 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 N1657 and sell at N1663 on Saturday 21st September 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 | N1657 |
| Selling Rate | N1663 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1593 |
| Selling Rate | N1594 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Nigerians Lose ₦42 Billion To POS, Mobile Phone Frauds Between April, June 2024 – Report
Fraud involving computers, mobile devices, and point-of-sale (POS) systems dominated fraudulent activities across Nigeria during the second quarter of 2024.
This was revealed in the latest fraud report by the Financial Institutions Training Centre (FITC), which recorded a total of 11,532 fraud cases in the period under review.
According to the report, computer/web fraud, mobile fraud, and POS-related fraud emerged as the most frequent, continuing a pattern observed throughout 2023 and into the first quarter of 2024.
The total value of fraud in the second quarter was reported at ₦56.3 billion, marking a significant rise from the ₦34.8 billion documented in the first quarter of the year.
Of this amount, ₦42.6 billion was successfully stolen by fraudsters, while financial institutions managed to recover ₦13.7 billion.
Mobile fraud, including fraud carried out via mobile apps and internet banking, accounted for 33.4% of the total cases, making it the largest category.
POS-related fraud followed closely, contributing 24.6% of cases, while web-based fraud represented 16.9% of the total fraud incidents.
The report also highlighted computer-based fraud as a growing concern, showcasing the increasing threat posed by cybercriminals within Nigeria’s financial landscape.
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