Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 29th November 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 28th November, 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 N1745 and sell at N1750 on Thursday 28th November 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.

Petrol Price May Crash By December (See Possible Price)

Petroleum marketers in Nigeria have projected a potential reduction in the price of Premium Motor Spirit (PMS), also known as petrol, to between ₦900 and ₦1,000 per litre by the Yuletide season, following interventions by Dangote Refinery.

The President of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, and the spokesperson of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, disclosed this in separate interviews with Daily Post on Monday.

The optimism stems from Dangote Refinery’s recent decision to cut its ex-depot petrol price by ₦20, reducing the price from ₦990 to ₦970 per litre. The company described the move as an appreciation gesture to Nigerians for their support.

Gillis-Harry highlighted the potential impact of the price reduction on the downstream petroleum market, stating that it could lead to further price cuts in the coming weeks.

The development follows weeks after Dangote Refinery signed an agreement with Nigerian oil marketers to facilitate direct petrol purchases, a move expected to streamline supply chains and reduce end-user costs.