Talktalk2022:
Aboki make profit by doing exchange
Most of them hoard foreign currencies so when there is high demand , they increase the price & sell
But doing regular exchange no much gain but still if it’s bulk they make gain

Let’s say today a dollar is 720 naira , Aboki would buy at 710 or 700 from any random person willing to Sell ; depends on negotiation and sell at 720 to someone who needs it . So the 10 naira or 20 naira add on is their profit .
They are like middlemen
It’s not like they get dollars directly from bank at bank rates

As some one mentioned earlier, banks only give dollars at bank rates for BTA, PTA, Form A & M .

JASONjnr:
The CBN exchange rate is for Emefiele, Buhari and the people that matters to this government....


As an ordinary person, you can't get a CBN exchange rate directly from CBN, but they seek it to those abokis at zone4 and they are the ones moving the exchange rate to N900 while the CBN isn't doing anything about it..The parallel market gets hiked at well...

CBN should allow individuals have access to this exchange and not just politician kids traveling abroad or schooling abroad.

uchman:
But some of your questions are not making sense, how can you exchange money below CBN rate, it will even be hard for you as an individual to exchange money with CBN rate, but you can with bank rate which is a bit higher, only if you apply for PTA/BTA, Form M, Form A, Medical expenses outside the country or living expenses as an international student elsewhere.
Apart from above mentioned, I doubt if you go see CBN rate elsewhere...

suitlovers:


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osram:


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How

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BuyACar:


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TUANKU:
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27Pushing30:

Buhari is but one man

The elites constitute less than 2% of Nigeria’s population .

Change your way of thinking.