Black Market Dollar To Naira Exchange Rate For Today, December 2nd, 2024

Black Market Dollar To Naira Exchange Rate For Today, December 2nd, 2024The Dollar to Naira exchange rate in the black market, also known as the parallel market or Aboki FX, saw significant fluctuations on Sunday, December 1, 2024. According to Bureau De Change (BDC) sources, the buying rate for the US dollar stood at N1720, while the selling rate was N1730.....KINDLY READ THE FULL STORY HERE▶

It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market, and has instructed individuals seeking foreign exchange (Forex) to use licensed banks.

Black Market Dollar to Naira Exchange Rate Today (December 1, 2024)

•Buying Rate: N1720

•Selling Rate: N1730

CBN Official Exchange Rate (December 1, 2024)

•Buying Rate: N1662

•Selling Rate: N1663

Please be aware that the rates may vary, as exchange rates fluctuate based on market conditions.

SEC Warns Against Unlicensed Crypto Trading Platform Marino FX

In other news, the Securities and Exchange Commission (SEC) has issued a warning about Marino FX Ltd, a cryptocurrency trading platform that is not licensed to operate in Nigeria. SEC clarified that Marino FX is not registered with the commission and urged the public to avoid engaging with the platform, as it exposes investors to financial risks such as fraud and potential loss of investment.

According to SEC, any claims made by Marino FX regarding its license by the Commission are false and misleading. The SEC remains committed to safeguarding the Nigerian capital market from unregulated and fraudulent entities.

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