Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 27th October 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 26th October, 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 N1720 and sell at N1735 on Saturday 26th October 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.

NNPCL Begins Process Of Repaying $6 Billion Debt – FG Confirms

The Nigerian National Petroleum Company Limited (NNPCL) has begun the process of addressing its outstanding debt to the tune of $6 billion.

The Nigerian government confirmed this development through the Ministry of Finance.

Speaking during a meeting with investors in Washington, DC on Wednesday, Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Wale Edun, noted that the NNPCL has started the procedure to repay the $6 billion it owes to its suppliers.

It is worth noting that the NNPCL has acknowledged facing financial challenges due to the expenses associated with maintaining supply and its liabilities to oil suppliers, which exceed $6 billion.