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 21st December, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1670 and sell at N1680 yesterday 21st December 2024, according to sources at Bureau De Change (BDC). …CONTINUE READING
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 (USD to NGN)Black Market Exchange Rate TodayBuying RateN1670Selling RateN1680
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN)CBN Rate TodayHighest RateN1570Lowest RateN1532
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The Major Energy Marketers Association of Nigeria (MEMAN) has reported a slight decline in the landing cost of Premium Motor Spirit (PMS), commonly known as petrol, indicating some stability in the downstream sector.
Thecapital.ng reports that the landing cost dropped marginally to ₦970 per litre in December 2024, compared to ₦971 per litre in November.
This reduction aligns with a recent dip in crude oil prices, which fell to $73.77 per barrel on Wednesday from $74 per barrel the previous week.
In its daily energy bulletin, obtained by Vanguard, MEMAN attributed the latest landing cost to an exchange rate of ₦1,533.57/$ and a crude oil price of $73.91 per barrel (Brent).
The association noted: “International petroleum product pricing is experiencing significant volatility due to geopolitical and economic factors, including events in the Middle East, China market dynamics, and the market of the recent USA elections outcome.
“The foreign exchange rate is also experiencing volatility. Landing cost, being fundamentally influenced by these elements, is likely to change several times intra-day.”
