As of September 8, 2024, the black market exchange rate for the US dollar to Nigerian naira is approximately ₦1,675 for $1. The buying rate is around ₦1,660 per dollar, while the selling rate is ₦1,675. This marks a notable disparity compared to the official Central Bank of Nigeria (CBN) rate, which is ₦1,621 per dollar(OsunDefender)(NgnRates)
The rates in the black market can fluctuate throughout the day due to various factors such as demand, speculation, and economic conditions.
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 7th September, 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 N1670 and sell at N1680 on Saturday 7th September 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 N1670
Selling Rate N1680
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1628
Selling Rate N1629
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
FG Issues First License For Construction Of Nigeria’s Floating LNG Plant
UTM Offshore Limited, a company based in Nigeria, has been granted authorization to establish the country’s inaugural floating liquefied natural gas (LNG) facility.
LeadNaija understands that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a construction license for this LNG project, projected to yield 2.8 million metric tons annually.
Announcing the development, the Chief Executive of the Authority, Farouk Ahmed, remarked that the project represents a pivotal achievement and is in harmony with the government’s objectives for gas expansion.
This initiative aligns with Nigeria’s goal to utilize its proven gas reserves, which total 206 trillion cubic feet, a significant portion of which is currently flared or re-injected into wells.
Ahmed further noted that UTM was initially authorized to construct a facility with a capacity of 1.2 million tons per annum in 2019, but this was later enhanced to 2.8 million tons due to the rising demand for LNG in the market.
The facility will be situated offshore in Akwa Ibom state, within the resource-rich Niger Delta, and is anticipated to be inaugurated in 2028, with the first gas expected to flow a year later. It will produce LNG, petroleum gas, and condensate..Continue Reading
