Today’s Black Market USD To NGN Exchange Rate – September 11, 2024

Today’s Black Market USD To NGN Exchange Rate – September 11, 2024

Curious about today’s Dollar to Naira exchange rate on the black market, also known as the parallel market or Aboki fx? Check out the latest rates below. You can exchange your dollars for Naira at these rates.

Dollar to Naira Exchange Rate Today (Black Market):

• Buying Rate: ₦1640
• Selling Rate: ₦1650

These rates reflect the price at which dollars are bought and sold on the Lagos Parallel Market (Black Market) as of Monday, September 9, 2024, according to sources from Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the black market exchange rates and advises individuals to engage in forex transactions through their banks.

CBN Dollar to Naira Rate Today:

• Buying Rate: ₦1628
• Selling Rate: ₦1629

Please be aware that the rates for buying or selling forex may differ from those mentioned here due to market fluctuations.

Opay Announces New Fee for Electronic Transfers Above ₦10,000

Opay, the popular fintech company, has announced that starting September 9, 2024, a one-time fee of ₦50 will be charged for electronic transfers exceeding ₦10,000 into personal or business accounts. This fee, referred to as the Electronic Money Transfer Levy (EMTL), is in compliance with Federal Inland Revenue Service (FIRS) regulations.

In a notice to customers, Opay clarified that the charge is directed entirely to the federal government and that the company does not benefit from this fee.

The message reads: “Dear valued customer, effective September 9th, 2024, a one-time fee of ₦50 will be applied to electronic transfers of ₦10,000 and above paid into your account, in line with FIRS regulations. Please note, Opay does not benefit from this fee; it is directed entirely to the federal government.”

Additionally, Opay reiterated its ban on cryptocurrency and virtual asset trading on its platforms, emphasizing its commitment to maintaining legal and regulatory standards within the financial system.