Black Market Dollar To Naira Exchange Rate Today 16th May 2022

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 15th May, 2022 below. You can swap your dollar to Naira at these rates.

How much is dollar to naira today in black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N585 and sell at N600 on Sunday, 15th May, 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 Black Market Rate Today

Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today

Buying Rate
585

Selling Rate
600

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.

FG Issues New Regulations On Cryptocurrencies, Others

The Nigerian Government has released a set of new regulations guiding the issuance, exchange and custody of digital assets in Nigeria.

Naija News reports that the Securities and Exchange Commission (SEC) released the new regulations in a statement on Saturday on its website.

The SEC stated that the new guidelines mandate the registration of “the offering and sale of digital tokens that are considered securities”.

The commission disclosed that it would review applications within 30 days before determining whether the digital asset proposed to be offered constitutes a “security.”

Any application for registration of digital assets if, in its opinion, the proposed activity infringes public policy, is injurious to investors or violates any of the laws, rules and regulations implemented by the commission, the SEC added.

According to the commission, the new guidelines shall apply to all issuers seeking to raise capital through digital asset offerings, adding that it provides that issuers may only raise funds within a limit of N10 billion.

This article was originally published on Nigeria News