Exclusive Update: Black Market Dollar To Naira Exchange Rate Unveiled For February 28th, 2024 

Exclusive Update: Black Market Dollar To Naira Exchange Rate Unveiled For February 28th, 2024 

In the rapidly evolving financial landscape, the much-awaited exchange rates for Black Market Dollar to Naira transactions on February 28th, 2024, have been disclosed mere moments ago. Authored by George Oshogwe Ogbolu and published on this very day, this crucial information is bound to shape financial decisions across the board……READ ALSO Breaking News: Black Market Dollar To Naira Exchange Rate Surges! Find Out Today’s Rates

Discover the latest Dollar to Naira exchange rate in the Black Market, commonly referred to as the parallel market or Aboki FX. Get insights into the buying and selling rates observed on Tuesday, February 27th, 2024, as reported by trusted sources within the Bureau De Change (BDC) sector.

Amidst this revelation, attention is also drawn to recent regulatory directives from the Central Bank of Nigeria (CBN) regarding foreign exchange sales by Bureau De Change operators. These measures, outlined in the ‘Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria’, have significant implications for individuals and businesses alike.

See the black market Dollar to Naira exchange rate for 27th 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 N1600 and sell at N1610 on Tuesday 27th February 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 CBN 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.

The Central Bank of Nigeria (CBN) has placed limits on foreign exchange (FX) sales by Bureau De Change (BDC) operators.

The apex made this known in a document titled ‘Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria’, released on February 23, 2024.

According to the circular, BDCs may sell foreign currency in the equivalent of $4,000 and $5,000 for personal travel allowance (PTA) or business travel allowance (BTA) to an individual once every six months.

CBN said the sale of foreign currencies to the intending travellers must be accompanied by their bank verification number (BVN) or tax identification number (TIN), duly completed e-form, valid international passport, valid visa, and valid international return ticket.