Black Market Dollar to Naira Exchange Rate for 15th November 2024 Curious about today’s Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx)? Here’s the latest update for 15th November 2024. Today’s Black Market Exchange Rate The exchange rate for Dollar to Naira in the Lagos Parallel […]
Category archives: Business
Dollar to Naira Exchange Rate Today, November 14, 2024, and Future Projections for Nigeria’s Economy
Current Exchange Rates On November 14, 2024, the Dollar to Naira exchange rate in Nigeria’s black market, often referred to as the parallel market or Aboki fx, is a point of focus for many. Below are the details of the latest rates for November 13: These rates are sourced from Bureau De Change (BDC) operators […]
Dollar to Naira Black Market Exchange Rate for November 13, 2024
Today’s Exchange Rates As of November 12, 2024, the dollar-to-naira rate in the Lagos black market stands at N1730 for buying and N1740 for selling. These rates are sourced from Bureau De Change (BDC) operators. Please note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. For foreign exchange needs, […]
Dangote Refinery Plans Direct Fuel Supply Partnership with PETROAN
The Dangote Refinery is preparing for a strategic meeting with the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) to discuss a direct fuel supply partnership. This move aims to eliminate intermediaries, following a recent agreement between Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria (IPMAN). According to Joseph Obele, PETROAN’s Publicity […]
Tinubu Govt Plans Major Tax Reforms with Single-Digit System for Nigerians
The Nigerian government, under President Bola Ahmed Tinubu, is moving towards a major overhaul of the nation’s tax system. The new proposal, being discussed by the Presidential Committee on Fiscal and Tax Reforms, aims to introduce a single-digit range tax structure to reduce the burden of multiple taxes on citizens and businesses. Taiwo Oyedele, the […]
Naira Expected to Reach ₦1,993/$1 by 2028, Raising Concerns for Nigeria’s Healthcare Sector
A recent report from BMI, a Fitch Solutions subsidiary, projects that the naira could depreciate to ₦1,993 per U.S. dollar by 2028, posing substantial risks for Nigeria’s pharmaceutical and medical device industries. With over 95% of its medical devices imported, Nigeria’s healthcare sector may struggle under increasing costs due to the weaker currency. The report, […]
Nigerians to Benefit from Lower Fuel Prices as IPMAN and Dangote Forge Strategic Agreement
Fuel prices in Nigeria are likely to drop soon following a new agreement between the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Dangote Petroleum Refinery. The deal, announced at a press briefing in Abuja, enables IPMAN to source products directly from Dangote’s refinery, which will improve fuel availability across Nigeria at more affordable […]
Weekly Cement Prices: Dangote, BUA, Lafarge Rates in Nigeria
The rising price of cement in Nigeria continues to impact consumers and the construction industry significantly. Economic challenges like inflation, currency fluctuations, and high production costs have caused cement prices to climb. Supply chain disruptions have further strained the market, as raw materials become more costly, and foreign exchange fluctuations impact the import-heavy cement production […]
Today’s Black Market Dollar to Naira Exchange Rate – November 12, 2024
Curious about the Dollar to Naira rate in Nigeria’s black market? Here’s the latest update: As of November 10, 2024, black market traders in Lagos buy a dollar for N1725 and sell it at N1735. It’s worth noting that the Central Bank of Nigeria (CBN) does not officially recognize these parallel rates and advises individuals […]
Black Market Dollar to Naira Exchange Rate Today, 11th November 2024
Dollar to Naira Black Market Exchange Rate for 11th November 2024 The exchange rate for the dollar to naira at the black market has remained volatile. As of today, 11th November 2024, players in Lagos’s parallel market are buying dollars at ₦1735 and selling them at ₦1740. Despite fluctuations, the Central Bank of Nigeria (CBN) […]