CBN Revokes Licenses Of 46 Microfinance Banks Over Regulatory Breaches
The article reports on the current dollar to naira exchange rate in the black market (Aboki fx) for July 4th, 2026.According to sources at Bureau De Change (BDC), Lagos Parallel Market players sell a dollar for ₦1410 and buy at ₦1395.The Central Bank of Nigeria (CBN) does not recognize the parallel market, advising individuals to engage in forex through banks.The article also mentions the CBN's official rates, with the highest rate at ₦1373 and the lowest at ₦1369.It notes that actual rates may vary, and the naira lost 82 kobo against the dollar.The piece highlights the disparity between black market and official rates, emphasizing the importance of official channels for forex transactions.The author, George Oshogwe Ogbolu, provides context on the fluctuating exchange rates and their impact on the economy.