What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 9th March, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N750 and sell at N755 on Thursday 9th March 2023, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N750 |
| Selling Rate | N755 |
President Muhammadu Buhari might be prosecuted for not complying with the order of the Supreme Court over the new naira policy, according to a Senior Advocate of Nigeria (SAN), Rasheed Adegoke.
The new naira policy which was introduced by the Central Bank of Nigeria has been heavily criticized due to the untold hardship it has subjected Nigerians to in the past two months.
Naija News recalls that most Nigerians had to take their old naira notes to the bank in anticipation of getting the new notes. However, the majority of Nigerians were unable to access the notes.
To make matters worst for most Nigerians, they had to buy the new notes by paying between 10 to 20 percent on every withdrawal.
Due to the hardship the new naira policy has brought to Nigerians, some state governors dragged the federal government to the Supreme Court.
After a series of back and forth, the apex court ruled that the federal government should allow the old notes to remain in circulation until December 31, 2023.
Since the Supreme Court made this order over five days ago, the federal government led by President Buhari has not made an official statement directing the banks to start paying out the old notes.
This is seen as disobedience to the order of the highest court in the land and Rasheed Adegoke (SAN) argued that such disobedience could lead to the prosecution of Buhari after he hands over power on May 29.
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