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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 25th 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 Sunday 25th 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 (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1600 |
| Selling Rate | N1610 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1591 |
| Selling Rate | N1592 |
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 Begins Petrol Production Test-Run
The Dangote refinery, with a capacity of 650,000 barrels per day, is currently conducting test runs for producing Premium Motor Spirit (PMS), commonly known as petrol or fuel, with full operations anticipated by mid-September.
A report from industry analyst IIR Energy noted that the $20 billion facility developed by Aliko Dangote has primarily produced diesel and other distillate fuels to date.
Naija News reports that initially, the refinery had projected that petrol deliveries would commence in July, having previously aimed to begin production of the motor fuel in May.
“It is possible that there could be further extensions”, IIR said in a note to clients.
Upon reaching full operational capacity, the refinery is poised to transform the fuel trade between Europe and Africa while diminishing Nigeria’s dependence on imported refined products.
Earlier this month, a committee established by the Federal Government to facilitate the sale of crude oil to local refineries in naira reached a consensus with Dangote Petroleum Refinery regarding the commencement of petrol distribution in September of this year.
The post Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 26th August 2024 appeared first on Naija News.
