Category archives: Business

The 19 governors from Northern Nigeria have voiced strong opposition to the Federal Government’s Tax Reform Bill, recently submitted to the National Assembly. At the heart of their concerns is a proposed shift to a Derivation-based Model for distributing Value Added Tax (VAT), which they argue would disadvantage northern and less industrial regions. Meeting in […]

As fuel prices soar past ₦1,000 per liter across Nigeria, many filling stations report a dramatic decline in customer turnout, forcing petrol marketers to cut staff and reduce shifts. The high costs have strained operators financially, with the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, revealing that […]

On October 28, 2024, the black market dollar-to-naira exchange rate saw a significant jump, with Bureau De Change (BDC) operators in Lagos buying dollars at N1740 and selling at N1746. The Central Bank of Nigeria (CBN) continues to distance itself from the parallel market, advising individuals to engage in foreign exchange transactions through their banks. […]

Today’s black market exchange rate for the dollar to naira stands at N1720 for buying and N1735 for selling, as reported by Bureau De Change (BDC) sources. While these are the prevailing rates at the Lagos parallel market, it is important to note that the Central Bank of Nigeria (CBN) does not endorse these rates […]

Amid rising fuel prices and concerns over supply, oil marketers in Nigeria are now sourcing Premium Motor Spirit (PMS) directly from the Dangote Refinery, bypassing the Nigerian National Petroleum Company Limited (NNPCL). With recent adjustments in President Tinubu’s cabinet, calls have increased for a dedicated petroleum minister to stabilize the sector. Austin Aigbe, an advocacy […]

Today, the Dollar to Naira exchange rate at the black market, or parallel market, stands at N1,725 for buying and N1,735 for selling, based on Bureau De Change (BDC) sources. It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market rate, directing individuals to use authorized […]

The Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx), shows that on Tuesday, 22nd October 2024, the buying rate for a dollar was N1720, while the selling rate stood at N1725 at the Lagos parallel market, according to Bureau De Change sources. Black Market Dollar to […]

The exchange rate for the US dollar to the Nigerian naira in the black market (parallel market) stands at ₦1700 for buying and ₦1710 for selling as of Saturday, 19th October 2024. These rates are provided by sources from the Bureau De Change (BDC) in Lagos. It’s important to note that the Central Bank of […]