Black Market Exchange Rate: Dollar To Naira Today (11th November 2024)

Black Market Exchange Rate: Dollar To Naira Today (11th November 2024)If you’re looking to exchange dollars for naira on the black market, here’s the current rate for today, November 10th, 2024. The exchange rate for the US Dollar (USD) to Naira (NGN) on the parallel market (also known as the Aboki FX rate) is as follows:....KINDLY READ THE FULL STORY HERE▶

•Buying Rate: N1735

•Selling Rate: N1740

These rates were observed in the Lagos Parallel Market, where Bureau De Change (BDC) operators reported buying the dollar for N1735 and selling it at N1740.

Please be aware that the Central Bank of Nigeria (CBN) does not officially recognize the black market exchange rates. The CBN advises that individuals wishing to buy or sell foreign currency should do so through commercial banks.

CBN Official Exchange Rate for Dollar to Naira (USD/NGN)

For comparison, the official rates set by the Central Bank of Nigeria for the USD/NGN exchange rate today are:

•Buying Rate: N1664

•Selling Rate: N1665

It’s important to note that the rates available to you at banks may differ from the values listed here, as exchange rates fluctuate based on market conditions.

NDIC Urges Heritage Bank Customers to Claim Their Funds

The Nigeria Deposit Insurance Corporation (NDIC) has called on customers of the defunct Heritage Bank to come forward and provide their account details if they have yet to receive their payments. NDIC Managing Director Bello Hassan made the announcement during the corporation’s ‘special day’ event at the 36th Lagos International Fair.

Hassan urged affected depositors to submit their Bank Verification Number (BVN), proof of account ownership, identification, and any alternative account details to process their claims. Claims can be submitted through NDIC’s website, email, and other social media channels.

In his address, Hassan reaffirmed NDIC’s commitment to safeguarding depositors and ensuring financial stability in Nigeria’s banking system. He assured the public that the banking sector remains stable, with all licensed banks, including those monitored by the Central Bank of Nigeria (CBN), operating safely.

“We remain committed to protecting depositors and ensuring a healthy financial system in Nigeria,” Hassan stated, emphasizing the NDIC’s role in promoting confidence in the nation’s financial institutions.

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