Naira To Dollar (USD) Black Market Exchange Rate For August 25, 2024

Naira To Dollar (USD) Black Market Exchange Rate For August 25, 2024....KINDLY READ THE FULL STORY HERE▶

Here’s the latest update on the Dollar to Naira exchange rate at the black market, also known as the parallel market, for August 24th. Check out the rates below if you’re looking to exchange your dollars for naira……CONTINUE READING 

#### How Much is a Dollar to Naira Today in the Black Market?

**Dollar to Naira Exchange Rate Today (Aboki Dollar Rate):**
As of Saturday, August 24th, 2024, in Lagos Parallel Market (Black Market), the exchange rate for a dollar is as follows:

– **Buying Rate:** N1615
– **Selling Rate:** N1620

These rates are sourced from Bureau De Change (BDC) operators.

**Important Note:** The Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and advises individuals seeking to exchange foreign currency to do so through their respective banks.

#### Dollar to Naira Black Market Rate Today

– **Dollar to Naira (USD to NGN) – Black Market Exchange Rate:**
– **Buying Rate:** N1615
– **Selling Rate:** N1620

#### Dollar to Naira CBN Rate Today

– **Dollar to Naira (USD to NGN) – CBN Rate:**
– **Buying Rate:** N1591
– **Selling Rate:** N1592

Please be aware that the exchange rates may vary from those listed here, as forex prices fluctuate.

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### Fidelity Bank Challenges ₦555 Million Fine Over Data Breach Allegations

Fidelity Bank has responded to allegations of a data breach made by the Nigerian Data Protection Commission (NDPC), which resulted in a ₦555.8 million fine. The bank strongly disputes the claims, asserting that it has not violated any data protection laws.

A spokesperson for Fidelity Bank, Meksley Nwagboh, stated in a press release on Wednesday that the bank has fully complied with all relevant data protection regulations.

The NDPC had accused Fidelity Bank of breaching the Nigeria Data Protection Regulation (NDPR) of 2019 and the Nigeria Data Protection (NDP) Act of 2023, leading to the significant fine. The commission also criticized the bank for a lack of cooperation during the investigation.

In its defense, Fidelity Bank emphasized its commitment to ethical standards and ongoing discussions with the NDPC to resolve the issue amicably.

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