What is the current exchange rate for dollars and nairas on the black market, commonly referred to as the parallel market (Aboki fx)? See below for the 11th of August’s black market Dollar to Naira conversion rate. At these prices, you can exchange your dollars into naira.
How much does one dollar currently exchange for in the black market?
Current black market exchange rate from the dollar to the naira (Aboki dollar rate):
On Friday, August 11, 2023, players at the Lagos Parallel Market (Black Market) would buy a dollar for N940 and sell it for N950, according to sources at the Bureau de Change (BDC).
Please be aware that the Central Bank of Nigeria (CBN) has instructed anyone who want to trade in foreign exchange to go to their local banks and does not recognize the parallel market (black market).
Dollar to Naira Black Market Exchange Rate Right Now
(USD to NGN) Dollar to NairaCurrent Black Market Exchange Rate
Selling Rate N950 Buying Rate N940
Please be aware that because prices vary, the rates at which you purchase or sell currency may differ from those described in this article.
Orjiako, the billionaire co-founder of Seplat, is sued by Access Bank.
Access Bank Plc has filed a bankruptcy lawsuit against ABC Orjiako, the co-founder of Seplat Energy.
According to what we’ve been told, a Federal High Court in Lagos also issued an ex-parte order to recover an unpaid loan as a result of a ruling by the High Court of the United Kingdom.
An Interim Order prohibited Seplat Energy, other businesses, and financial institutions from interacting with the shares, investments, bonds, assets, and monies belonging to the company’s retired co-founder, Orjiako, according to a regulatory filing document seen by The Whistler on Thursday.
“Company was served with ex parte interim court orders which were granted by the Federal High Court sitting in Lagos, Nigeria in a bankruptcy court action instituted by Access Bank Plc against Dr. A.B.C. Orjiako, for the recovery of an outstanding loan amount that forms the judgment delivered by the High Court of the United Kingdom and registered in Nigeria as a judgment of the Federal High Court,” Seplat stated in the order that was served on August 8, 2023.
The Interim Orders prohibit Seplat Energy and other businesses/financial institutions from handling Dr. Orjiako’s shares, investments, bonds, assets, and funds (whether held by him directly or through a proxy) while they are in their care, pending the hearing and decision on Access Bank’s motion to appoint a Special Manager.
