The dollar to naira exchange rate at the black market, also known as the parallel market (Aboki fx), has been released for Thursday, September 12, 2024. According to sources at the Lagos Parallel Market (Bureau De Change), traders buy a dollar for ₦1,660 and sell it for ₦1,665.
However, it’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market and advises individuals seeking foreign exchange to approach their banks.
Exchange Rates Summary:
- Black Market Rate:
- Buying: ₦1,660
- Selling: ₦1,665
- CBN Official Rate:
- Buying: ₦1,587
- Selling: ₦1,588
Ecobank Allegedly Intimidating Media Over CBN Investigation
In a related development, Ecobank Nigeria has reportedly attempted to silence media outlets following reports on an ongoing Central Bank of Nigeria (CBN) investigation into the bank. The bank has demanded ₦10 billion in damages from a law firm, Sofunde Osakwe Ogundipe & Belgore Legal Practitioners (SOOBLP), accusing them of damaging its reputation.
Media organizations like Ripples Nigeria were also pressured to remove articles on the investigation. However, a representative of Wilben Trade, Lateef Omoyemi Akangbe, has denied Ecobank’s claims, stating that the CBN investigation is, in fact, real and backed by written evidence.
