Latest Market Insights: CBN intervention sparks 7.7% surge in Naira-Dollar exchange rate

The Naira-Dollar exchange rate surged by 7.7% to close at N1,142/$1, marking a 10-week high. Central Bank policies are credited for the boost, aiming to achieve a sub-N1,000 rate. Market activities intensified with a $281.3 million turnover, reflecting growing confidence in the Naira’s strength.

EFCC to arrest Establishments such as Hotels and Supermarket charging Customers in Dollars


In a bold move aimed at safeguarding Nigeria’s economy, EFCC warns against illegal dollarization in Nigeria. The agency’s crackdown on currency trading in Nigeria’s economy intensifies, with recent arrests and calls for legislative support for anti-corruption efforts. Know more.

Banks to pay Dollars while IMTOs and other diaspora Remittances will now pay in Naira – CBN

On February 13, 2024, the Central Bank of Nigeria implemented Stricter Guidelines for International Money Transfer Services. Introduction: The Central Bank of Nigeria (CBN) has restricted the operations of international money transfer operators (IMTOs) to only inbound transfers, halting outbound transfers. In addition to this, these inbound transfers can only be paid out in Naira. … Read more

One Dollar to Naira Today Black Market Exchange Rate

One dollar today in the black market is equivalent to 1,485 Naira

One dollar today, 13th February 2024 in the black market is equivalent to ₦1,517.300. We update this figure every day so it’s always the latest update on the current black market one dollar to naira exchange rate (AbokiFx). Dollar to Naira Black Market Exchange Rate Today Dollar to Naira Black Market Exchange Rates Amount in … Read more

Dollar to Naira Black Market Exchange Rate Today AbokiFx February 9, 2024

1 US Dollar (1$) today February 9th, 2024, in the Black Market Exchange rate (Aboki Fx) is equivalent to ₦1,495 (NGN – Nigerian Naira). This is today’s current black market exchange rate and it’s what you’ll get from Mallam’s, Abokis, and BDCs (Bureau De Change) all over the country. The black market exchange rate is … Read more