What is the Current Black Market Exchange Rate for Dollars to Naira?
Here’s an update on the black market dollar to naira exchange rate for November 8th. This information will help you gauge the rate at which you can swap your dollars for naira.
What is the Current Aboki Fx Rate?
Dollar to Naira Exchange Rate at the Black Market:
According to reliable sources at Bureau De Change, the buying rate for dollars at Lagos’ parallel market (black market) stands at N1730, while the selling rate is N1740 on November 8th.
For clarity, please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and has advised individuals looking to engage in foreign exchange to approach their respective banks instead.
Dollar to Naira Black Market Rate:
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate |
| Buying Rate | N1730 |
| Selling Rate | N1740 |
Dollar to Naira CBN Rate:
| Dollar to Naira (USD to NGN) | CBN Rate |
| Buying Rate | N1664 |
| Selling Rate | N1665 |
Please be aware that foreign exchange rates can fluctuate and may vary from the rates reported in this article.
Globacom has appointed Ahmad Farroukh as its new Chief Executive Officer (CEO). Farroukh, a former CEO of MTN Nigeria between 2006 and 2010, brings a wealth of experience in the telecommunications industry.
This leadership transition is expected to enhance Globacom’s corporate governance and operational efficiency, in line with the Nigerian Communications Commission’s (NCC) recent initiatives aimed at elevating governance standards in the telecommunications sector.
With over 20 years of experience in the industry, Farroukh is well-equipped to guide the company through a restructuring process, drawing from his expertise gained in African telecommunications.
Farroukh began his career in 1995 as the CEO of Investcom Group, a telecom company in Lebanon that was later acquired by MTN Group.
