Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 27th 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 26th 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 N1740 and sell at N1750 on Tuesday 26th 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.

‘Why Cooking Gas Price Won’t Crash Despite Export Ban’

Despite the November 1, 2024, implementation of a ban on Liquefied Petroleum Gas (LPG) exports, Nigerians may not witness a substantial decrease in cooking gas prices, experts say.

The ban, aimed at stabilizing prices and boosting local availability, requires domestic producers, including the Nigerian National Petroleum Company Limited (NNPCL), to halt LPG exports or import equivalent volumes at cost-reflective prices.

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, confirmed that the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) would establish a local pricing framework within 90 days, moving away from international market indices.

However, government officials, including spokespersons for the gas ministry, NNPCL, and NMDPRA, declined to provide updates on the ban’s status when Leadership Newspaper contacted them.

Lanre Bayewu, Executive Secretary of the Nigerian Liquefied and Compressed Gases Association, cautioned against expecting a dramatic reduction in LPG prices.

He highlighted economic challenges, including dollar-denominated gas prices and a weak naira, as ongoing obstacles to price stabilization.