Breaking News: Dollar to Naira Hits N930! Shocking Black Market Rate for 12th September 2023 Unveiled!

Breaking News: Dollar to Naira Hits N930! Shocking Black Market Rate for 12th September 2023 Unveiled!

In a stunning turn of events, the Nigerian black market has witnessed a dramatic shift in the Dollar to Naira exchange rate on the 12th of September 2023. Brace yourselves for this jaw-dropping revelation straight from the streets of Lagos, Nigeria. CONTINUE READING............

As per the latest data sourced from the trusted Aboki Forex website, the exchange rate as of today stands at:

- Buying Rate: N925

- Selling Rate: N930

Yes, you read that right! It now takes just N925 to buy one US dollar, while you can sell it for a whopping N930. This unexpected surge in the black market rate has left many in awe and disbelief.

It's essential to remember that the Central Bank of Nigeria (CBN) steadfastly maintains its stance of not acknowledging the parallel market (black market) for foreign exchange transactions. Instead, the CBN consistently directs individuals seeking forex transactions to approach their respective banks for official rates.

While the black market exchange rates can be enticing, they are highly volatile and influenced by various factors such as supply and demand dynamics, economic conditions, and speculative activities. This volatility makes it crucial for anyone considering currency exchange operations to exercise caution and seek professional advice. CONTINUE READING..............

Keep in mind that the rates you may come across while buying or selling forex might slightly differ from the ones provided in this article due to the ever-changing nature of the forex market.

Stay informed about the latest developments in the Nigerian foreign exchange market. If you're planning to engage in currency exchange, don't forget to consult with your bank or financial institution for the most accurate, up-to-date rates, and expert guidance.

The Dollar to Naira rate is making headlines today, and while it may be tempting to dive into the black market frenzy, remember that financial decisions should always be made with prudence and careful consideration of the risks involved. CONTINUE READING..........

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