Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 4th 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 3rd 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 N1713 and sell at N1720 on Sunday 3rd 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.

Dangote Refinery Debunks Allegation Of High Petrol Price

Dangote Refinery has described the allegation of selling Premium Motor Spirit, PMS, also known as petrol, at N1,015 and N1,028/litre, as fake news.

Naija News recalled that Oil marketers had on Friday said the price of petrol produced by the Dangote Petroleum Refinery stood between N1, 015 and N1, 028/litre, stressing it would be reasonable to import the product from the international market as the landing cost stood at N978.01/litre as of October 31, 2024.

Marketers expressed plans to import petrol and sell it below Dangote’s refinery prices as well as those of the Nigerian National Petroleum Company Limited (NNPCL).

Data from the Major Oil Marketers Association of Nigeria revealed that as of October 31, 2024, the landing cost of petrol stood at N978.01 per litre. Diesel and aviation fuel had landing costs of N1,069.97 and N1,119.67 per litre, respectively. Landing costs represent the unit prices of imported fuels upon arrival in Nigeria.

Despite requests for transparency, Dangote Refinery has not publicly disclosed its petrol prices. However, an anonymous source among major marketers confirmed to The PUNCH that Dangote sells bulk purchases at N1,015 per litre and smaller quantities at N1,028.