Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 2nd July 2024

What is the current exchange rate for the Dollar to Naira in the black market, also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 1st July below. You can exchange your Dollar for Naira at these rates.

Dollar to Naira Black Market Rate Today

• Buying Rate: N1500
• Selling Rate: N1510

According to sources at Bureau De Change (BDC), on Monday, 1st July 2024, the exchange rate for a dollar to naira at the Lagos Parallel Market (Black Market) saw players buying a dollar for N1500 and selling it for N1510.

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has directed individuals who wish to engage in Forex to approach their respective banks.

Dollar to Naira CBN Rate Today

• Buying Rate: N1469
• Selling Rate: N1470

Be aware that the rates you buy or sell forex at may differ from those mentioned in this article due to price variations.

Why We Have Not Paid Heritage Bank Customers – NDIC

The Nigeria Deposit Insurance Corporation (NDIC) has revealed that some customers have not received their insured deposits due to discrepancies in their information.

The Managing Director of NDIC, Bello Hassan, informed newsmen in Abuja on Sunday that issues with account names and Bank Verification Number (BVN) discrepancies are causing delays in payments. The corporation has paid substantial amounts to depositors of the defunct bank who do not have BVN-related issues.

Hassan urged depositors who have not yet received their insured deposit credit alerts to visit the NDIC’s website and complete their verification forms to receive their payments. This verification process also includes depositors without BVN-linked accounts.

“We have already commenced the payment of customers since June 6. We have paid substantial amounts to the customers,” Hassan said.

“What we leverage in making the payment is the BVN of customers. We trace alternate accounts in other banks and pay them their insured amounts. There are some challenges linking up accounts due to discrepancies in the names and other details. We are calling on customers who have not received their alerts in their alternate accounts to come forward and complete their verification forms so that we can pay them.”