Here Is The Black Market Dollar (USD) To Naira (NGN) Exchange Rate For today, October 10, 2024.

Here Is The Black Market Dollar (USD) To Naira (NGN) Exchange Rate For today, October 10, 2024.Looking for the Dollar to Naira exchange rate at the black market, also known as the parallel market (Aboki fx)? Below is the exchange rate for October 9, 2024. Here’s what you need to know if you’re planning to trade your dollars for naira at the parallel market rates.

How Much is a Dollar to Naira in the Black Market Today?

At the Lagos Parallel Market (Black Market), Bureau De Change (BDC) sources report that players are buying dollars for N1685 and selling them at N1695 on Wednesday, October 9, 2024.

Please Note: The Central Bank of Nigeria (CBN) does not recognize or support the parallel market (black market). The CBN advises individuals needing foreign exchange (forex) to approach their respective banks.

Dollar to Naira Black Market Rate Today:

Buying Rate: N1685
Selling Rate: N1695

Dollar to Naira CBN Rate Today:

Buying Rate: N1589
Selling Rate: N1590

Note: The actual rates you buy or sell forex at may differ slightly from the rates quoted in this article as prices fluctuate.

Nigerians’ Deposits Are Safe, Says CBN in Response to Withdrawal Rumors

The Central Bank of Nigeria (CBN) has reassured Nigerians that all deposits in the country’s banks remain secure, addressing recent concerns about bank licenses. In a statement on Tuesday, Acting Director of Corporate Communications, Hakama Ali, emphasized that the CBN is committed to maintaining the stability of Nigeria’s financial system.

This reassurance came after rumors on Monday urged customers of certain banks to withdraw their funds, falsely claiming that the CBN had revoked some banks’ licenses.

The CBN confirmed that it regularly conducts stress tests and has implemented Early Warning Systems to detect risks early. The Bank also follows a Risk-Based Supervision approach to ensure that banks remain compliant with regulations and maintain the integrity of the financial system.

The CBN further emphasized its continued dedication to ensuring the safety of depositor funds and will continue monitoring the financial system to protect the interests of all Nigerians.