Black Market Naira to Dollar Exchange Rate, today, August 12, 2023

What is the black market, often referred to as the parallel market (Aboki fx), exchange rate for the dollar to the naira? The 11th of August’s black market Dollar to Naira exchange rate is shown below. At current exchange rates, you may convert dollars to naira.

How much is a dollar currently worth in naira on the black market?
Black market rate for the dollar to the naira today (Aboki dollar rate):
According to insiders at the Bureau De Change (BDC), on Friday, August 11, 2023, players at the Lagos Parallel Market (Black Market) would buy a dollar for N940 and sell it for N950.

Please be aware that the Central Bank of Nigeria (CBN) does not acknowledge the black market or parallel market and has instructed anyone who want to trade in foreign exchange to go to their local banks.

Black market exchange rate for the dollar against the naira as of right now
Naira to Dollar (NGN to USD)Exchange Rate on the Black Market Today
N950 Buying Rate, N940 Selling Rate
Because prices fluctuate, the rates at which you purchase or sell currency may differ from those described in this article.
The billionaire co-founder of Seplat, Orjiako, being sued by Access Bank.
Access Bank Plc has filed a bankruptcy lawsuit against Seplat Energy co-founder ABC Orjiako.

As far as we know, a Federal High Court in Lagos has also authorized an ex-parte order to recover a past-due loan as a result of a ruling by the High Court of the United Kingdom.

An Interim Order, which The Whistler discovered in a regulatory filing document on Thursday, prohibited Seplat Energy, other businesses, and financial institutions from interacting with the stocks, bonds, investments, assets, and monies that belonged to the company’s retired co-founder, Orjiako.

In the order that was given on August 8, 2023, Seplat stated, “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 proceeding 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.

“The Interim Orders prohibit Seplat Energy and other businesses/financial institutions from dealing with the shares, investments, bonds, assets, and funds belonging to Dr. Orjiako (whether held by him directly or through a proxy), which are in Seplat’s custody, pending the hearing and decision on Access Bank’s motion for the appointment of a Special Manager,” according to the court documents.