Curious about the current black market exchange rate between the U.S. dollar and the Nigerian naira? Here’s the latest update on rates for 4th November 2024, covering the exchange rate at the Lagos Parallel Market (also known as the black market or Aboki FX).
- Buying Rate: N1713 per dollar
- Selling Rate: N1720 per dollar
Please note that the Central Bank of Nigeria (CBN) does not recognize these black market rates, urging Forex transactions to go through official bank channels.
Official Dollar to Naira Exchange Rate (CBN)
- Buying Rate: N1669
- Selling Rate: N1670
These rates may vary slightly based on location and vendor.
Dangote Refinery Denies High Petrol Price Claims
The Dangote Refinery has dismissed claims of selling petrol at an inflated price of N1,015 and N1,028 per litre, labeling it as misinformation. This follows reports by oil marketers suggesting that importing petrol at the current international market rate of N978.01 per litre would be more economical.
