Via Naija News:
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 12th January, below. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the 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 N735 and sell at N745 on Thursday 12th January 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 Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N735 |
| Selling Rate | N745 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
GTBank In Money Laundering Control Mess As UK Govt Fines Firm $9.3m
The United Kingdom-based financial watchdog, Financial Conduct Authority (FCA), has slammed the British subsidiary of Nigeria’s Guaranty Trust Bank (GT Bank) £7.6 million ($9.3 million) over the financial institutions weak money laundering control system.
Naija News reports that the sanction on GTBank by the FCA was made known in a statement released to newsmen on Tuesday.
The financial watchdog revealed that GT Bank failed in its anti-money laundering systems and controls, adding that the failures were highlighted by the bank’s internal and external sources, Reuters reports.
The Financial Conduct Authority stated that the bank failed to take appropriate measures to fix the system despite warnings.
According to the FCA, the bank accepted the findings of the financial watchdog and had agreed on settlement.
Naija News understands that GT bank also confirmed in a statement, by the bank’s Managing Director, Mr. Gbenga Alade, on Tuesday, that it had reached settlement with the FCA and accepted the findings in relation to Anti-Money Laundering (AML) controls in its operations between October 2014 and July 2019.
