Black Market Exchange Rate Today: USD To NGN On 28th March 2024 

Black Market Exchange Rate Today: USD To NGN (Naira) On 28th March 2024 

Discover the Latest Dollar to Naira Exchange Rate Find out the current exchange rate for Dollar to Naira on the black market, also referred to as the parallel market (Aboki fx)…….READ ALSO Today’s Black Market USD To NGN Exchange Rate: March 25th, 2024

Explore Unbeatable Deals on Generators and More Search Ads

Great Prices on Midsize Crossover SUVs for Seniors Search Ads

Surprising Discounts on Modular Kitchen Racks Search Ads

Wondering about today’s dollar to naira rate? Check out the black market exchange rate for Dollar to Naira as of 27th March below. Get insights into the buying and selling rates to convert your currency.

How much is a dollar worth in Naira today? Black market exchange rate for Dollar to Naira (Aboki dollar rate): As per sources at Bureau De Change (BDC), in Lagos Parallel Market (Black Market), the buying rate for a dollar to naira is N1310 while the selling rate stands at N1330 on Wednesday, 27th March 2024.

Please be informed that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and advises individuals seeking Forex transactions to approach their respective banks.

Today’s Black Market Rate for Dollar to Naira USD to NGN (Naira) Black Market Exchange Rate Today Buying Rate N1310 Selling Rate N1330

CBN’s Current Dollar to Naira Rate USD to NGN (Naira) CBN Rate Today Buying Rate 1415 Selling Rate 1416

Kindly note that forex rates may vary from those mentioned in this article due to market fluctuations.

CBN Raises Interest Rate to 24.75% The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR), the benchmark interest rate, from 22.75 percent to 24.75 percent.

CBN Governor, Olayemi Cardoso, announced this decision during the 294th meeting of the Monetary Policy Committee (MPC) press briefing held in Abuja on Tuesday.

MPR serves as the base interest rate in an economy, influencing other interest rates within the economy.

Cardoso mentioned that the adjustment aims to address the country’s escalating inflation rate, which reached 31.70 percent in February.

The MPC opted to raise the interest rate by 200 basis points in efforts to combat rising inflation.

He stated: “The committee’s decision includes raising the MPR by 400bps to 24.75 from 22.75 percent, adjusting the asymmetric corridor to +100bps/-300 basic points, and retaining the Cash Reserve Ratio of Deposit Money Banks at 45 percent while increasing the CRR of Merchant banks from 10 percent to 14 percent.”

Join our channel for more latest news https://whatsapp.com/channel/0029VaV4jB6DuMRgwqnJCF32