Dollar to Naira Black Market Rate Hits N1730 as Fuel Price Dispute Escalates The dollar-to-naira exchange rate in Nigeria’s black market continues to rise, with Bureau de Change operators in Lagos buying at N1725 and selling at N1730 as of November 6, 2024. This parallel market rate remains significantly higher than the Central Bank of […]
Category archives: Business
Nigeria’s Fuel Crisis: Oil Marketers Warn Against Dangote’s Monopoly Amid Rising Petrol Prices
Oil Marketers Warn Against Dangote Refinery Monopoly as Fuel Prices Surge in Nigeria As Nigerians struggle with soaring petrol prices, oil marketers are pushing back against a potential monopoly by the Dangote Petroleum Refinery. In a court case filed under number FHC/CS/ABJ/1324/2024, marketers including AYM Shafa, A.A. Rano, and Matrix Petroleum argue that allowing Dangote […]
Dollar, Bitcoin Surge Amidst Expected Trump Win in U.S. Election
The value of the U.S. Dollar and Bitcoin surged significantly on November 6, 2024, as investors reacted to the expectation of a Donald Trump victory in the U.S. presidential election. The anticipation of a potential Republican win in key swing states caused a boost in market sentiment, contributing to what analysts are calling the “Trump […]
Dollar to Naira Exchange Rate and MTN Nigeria’s Q3 Loss Amid Naira Devaluation – November 6, 2024
Today’s black market dollar-to-naira exchange rate for November 6, 2024, reveals continued currency fluctuations, with buyers acquiring dollars at ₦1725 and selling at ₦1735, according to Bureau De Change sources. Notably, these rates are unofficial and not endorsed by the Central Bank of Nigeria (CBN), which advises individuals to conduct forex transactions through banks. The […]
Dollar to Naira Black Market Exchange Rate Today, November 5, 2024
The latest black market Dollar to Naira exchange rate (Aboki fx) reveals the current rates for USD to NGN as of November 5, 2024. Here’s what you need to know about swapping your dollar for Naira in Nigeria’s parallel market. Exchange Rates as of November 4, 2024: Note: The Central Bank of Nigeria (CBN) does […]
Dangote Refinery Clarifies Petrol Pricing, Defends Quality Amid Competition Claims
Dangote Refinery has revealed that it sells petrol at N960 per litre for shipments and N990 per litre for trucks. The announcement, made in a statement by Group Chief Branding and Communications Officer Anthony Chiejina, addresses recent claims by associations like IPMAN and PETROAN that imported fuel could be offered at lower prices. Chiejina asserted […]
Black Market Dollar to Naira Exchange Rate Today, 4th November 2024
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). Please note that the Central Bank of Nigeria (CBN) does not […]
Dollar to Naira Black Market Exchange Rate and Fuel Price Updates – 3rd November 2024
Dollar to Naira Black Market Exchange Rate As of today, Sunday, 3rd November 2024, the exchange rate for a dollar to naira in Lagos’s black market (also known as Aboki fx) sees players buying dollars at N1713 and selling at N1720. Please note that the Central Bank of Nigeria (CBN) does not officially endorse black […]
Dangote Refinery Denies Allegations of High Petrol Prices as Fuel Production Begins
Dangote Refinery has refuted claims that it is selling Premium Motor Spirit (PMS), also known as petrol, at prices of N1,015 and N1,028 per litre, dismissing these reports as “fake news.” According to Naija News, oil marketers recently suggested that the refinery’s petrol prices were higher than import costs, estimated at N978.01 per litre as […]
PETROAN, Marketers Plan Cheaper Fuel Imports Amid High Dangote and NNPCL Petrol Prices
Fuel Marketers Plan Cheaper Imports as Dangote, NNPCL Petrol Prices Hit N1,015-N1,028 Per Litre Oil marketers announced on Friday that petrol from Dangote Petroleum Refinery is priced between N1,015 and N1,028 per litre, depending on purchase quantity. In response, marketers are planning to import petrol to sell below Dangote’s and the Nigerian National Petroleum Company […]