Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 10th August 2024

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 9th August, 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 N1600 and sell at N1610 on Friday 9th August 2024, 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 CBN Rate Today

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Dangote Refinery Sets To Sell Remaining NNPC 12.7% Stake – Report Reveals

The Dangote Refinery is reportedly set to divest a 12.7 per cent stake in 2024 to facilitate loan servicing.

This development was disclosed in a recent report published by Fitch Ratings, a credit rating agency.

Fitch noted that the Nigerian National Petroleum Company Limited (NNPCL) had previously intended to purchase a 20 per cent stake in the refinery.

Nevertheless, the agency pointed out that the national oil company’s choice not to pursue its option of acquiring an additional 12.75 per cent by June 2024 could adversely affect the group’s capacity to manage its loan obligations.

In 2021, the NNPC secured a 7.25 per cent stake in the refinery for $1.0 billion, with the option to acquire the remaining 12.75 per cent by June 2024. However, the national oil company has since withdrawn from this commitment.