What’s the current black market exchange rate of the dollar to naira? Check the latest USD to NGN rate for Saturday, 2nd November 2024, below. You can exchange dollars for naira at these rates today. Dollar to Naira Black Market Rate (Aboki Fx) The black market exchange rate for the dollar to naira at Lagos […]
Category archives: Business
Tinubu to Withdraw Tax Reform Bill Amidst Widespread Opposition
President Bola Ahmed Tinubu’s administration is set to withdraw the Tax Reform Bill presented to the National Assembly two months ago, following significant backlash. The opposition, led by northern governors and traditional rulers, centers on concerns about proposed changes to the Value Added Tax (VAT) distribution, which they believe could disproportionately affect the North’s economic […]
Black Market Dollar to Naira Exchange Rate Today – 1st November 2024
Dollar to Naira Black Market Exchange Rate Today – 1st November 2024 Here is the latest information on the Dollar to Naira exchange rate at the black market, commonly referred to as the parallel market (Aboki fx). For Thursday, 1st November 2024, sources from Bureau De Change (BDC) in Lagos indicate that the Dollar is […]
Black Market Dollar to Naira Rate Today, October 31, 2024: Naira Hits Record Low
Dollar to Naira Exchange Rates on October 31, 2024 The black market dollar to naira exchange rate today shows continued volatility as the naira struggles amid low dollar liquidity. In Lagos’ parallel market, traders buy dollars at N1745 and sell at N1750, while the Central Bank of Nigeria (CBN) rate remains significantly lower, with buying […]
IPMAN Urges Dangote to Reassess Pricing Amid Refinery Supply Hurdles
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has requested that billionaire Aliko Dangote reconsider his pricing strategy for petrol, following claims of a boycott by independent marketers. IPMAN President Abubakar Garima addressed these issues, stating that, despite an advance payment of ₦40 billion to the Nigerian National Petroleum Company Limited (NNPCL), IPMAN members are […]
Naira Strengthens by 2.4% Against the Dollar in Official Market
On October 30, 2024, the Naira gained strength in the official market, appreciating by 2.4% to trade at N1,630.45 against the dollar. This improvement is notable compared to the previous trading session on Monday, where the Naira was valued at N1,670.65 per dollar. According to data from the FMDQ’s official trading platform, the total daily […]
Dangote Encourages Marketers to Source Locally as Tinubu Meets Top Officials Over Fuel Supply
Aliko Dangote, Chairman of the Dangote Group, has urged petroleum marketers and the Nigerian National Petroleum Company Limited (NNPCL) to source fuel directly from his refinery to address Nigeria’s fuel demands. This announcement followed a meeting with President Bola Tinubu and key officials at the Presidential Villa in Abuja on Tuesday, October 30, 2024. According […]
Nigeria Faces Third Petrol Price Hike in 60 Days Amid Economic Pressures
The Nigerian National Petroleum Company Limited (NNPCL) has increased the price of Premium Motor Spirit (PMS), or petrol, to ₦1,025 per litre in Lagos and ₦1,060 per litre in Abuja—marking the third price hike within two months. This adjustment comes as the price of Nigeria’s Bonny Light crude drops from $75 to $72 per barrel, […]
Latest Fuel Price and Petrol Scarcity Update for October 30, 2024
New Petrol Prices Across Nigeria The Nigerian National Petroleum Company Limited (NNPCL) has announced an increase in petrol prices amid ongoing economic challenges. Fuel prices in Lagos have risen to N1,025 per liter, while Abuja residents now pay N1,060 per liter. This adjustment, confirmed at NNPCL stations, has placed additional pressure on citizens already coping […]
Dollar to Naira Exchange Rate Today: Black Market and CBN Rates for October 30, 2024
Dollar to Naira Exchange Rate Today What is today’s Dollar to Naira exchange rate on the black market, also known as the parallel market (Aboki FX)? Here’s a look at the black market rate for October 30, 2024, along with the official rates from the Central Bank of Nigeria (CBN). Black Market Dollar to Naira […]