Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 31st 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 30th 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 N1630 and sell at N1645 on Friday 30th 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.

External Auditors To Examine NNPC ₦2.6 Trillion Fuel Subsidy Claim

The Federal Government has commenced efforts to enlist the services of an external auditor to verify the Nigerian National Petroleum Company Limited’s (NNPC) ₦2.7 trillion fuel subsidy claim.

This move comes five months after the proposal was first raised at the Federation Allocation Accounts Committee (FAAC) meeting in April 2024.

The external auditor, whose identity remains undisclosed, will work with the Office of the Auditor-General of the Federation to determine the exact amount owed to NNPC by the government.

The audit will cover a period from 2015 to 2021, a time frame during which fuel subsidy payments have been a contentious issue in Nigeria’s fiscal management.

Initially, NNPC claimed an outstanding subsidy bill of ₦6 trillion. However, an audit by KPMG had reduced this figure to ₦2.7 trillion.

Despite updates provided by the Director of Home Finance at the Ministry of Finance, Ali Mohammed, at each FAAC meeting, this recent move signifies the government’s concrete step to scrutinize the fuel subsidy claims.