NDDC Warns Against Scammers and Fake Contracts

Naira-Dollar Black Market Exchange Rate on August 8th, 2023
Curious about the Dollar to Naira exchange rate on the black market, also referred to as the parallel market (Aboki fx)? Check out the black market exchange rate for Dollar to Naira on August 7th below. These are the prevailing rates for swapping your dollar for Naira.

What’s Today’s Dollar to Naira Rate on the Black Market?
The Dollar to Naira exchange rate on the black market (Aboki dollar rate) in Lagos Parallel Market (Black Market) stood at N890 for buying and N895 for selling on Monday, August 7th, 2023, as reported by Bureau De Change (BDC) sources.

It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market). The CBN has directed individuals seeking Forex transactions to approach their respective banks.

Dollar to Naira Exchange Rate on the Black Market Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N890
Selling Rate N895

NDDC Cautions Against Scammers and Fake Contracts
The Niger Delta Development Commission (NDDC) has raised an alert about scammers posing as representatives of the agency to deceive unsuspecting Nigerians with fake contracts and a counterfeit website.

The NDDC clarified that the contents and documents on the fraudulent website are fabricated and have no origin within the commission or any of its past or present officials. Ibitoye Abosede, the Director of Corporate Affairs at the commission, released a statement on Sunday, revealing that a new scam circulating online involves a fake communication between fraudsters and a US-based company. The message falsely claims that a ‘Contract Award Committee’ within the commission is processing job tenders.


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