Category archives: Business

As of today, the dollar to naira exchange rate in the black market (parallel market) remains at a high value. According to Bureau De Change (BDC) sources, in Lagos, buyers purchase a dollar for ₦1,665 and sell it at ₦1,675. It is important to note that the Central Bank of Nigeria (CBN) does not officially […]

Asian markets surged on Monday following a robust US jobs report that eased concerns over the global economy. The dollar maintained its gains as investors reduced expectations of another significant interest rate cut. Meanwhile, oil prices saw a slight dip as traders awaited Israel’s response to Iran’s recent missile strike, raising fears of broader conflict […]

The revenue generated by Nigerian electricity distribution companies (Discos) surged to ₦887.86 billion in the first seven months of 2024, following a significant tariff hike. Data from the Nigerian Electricity Regulatory Commission (NERC) shows that Discos collected 79.7% of a total electricity bill of ₦1.14 trillion during this period. The tariff increase, which raised rates […]

The black market exchange rate for the dollar to naira stands at N1675 for buying and N1680 for selling as of today, 7th October 2024. This is based on data from Lagos Bureau De Change sources. Meanwhile, the Central Bank of Nigeria’s (CBN) official rate remains lower, with a buying rate of N1656 and a […]

Today’s Dollar to Naira exchange rate at the black market, also known as the parallel market, is detailed below for 4th October 2024. As of Friday, 4th October, the Lagos Parallel Market (Black Market) exchange rates are: These rates, sourced from Bureau De Change (BDC) operators, do not align with the Central Bank of Nigeria […]

The Nigerian National Petroleum Company Limited (NNPCL) has pledged 272,500 barrels per day, totaling 8.17 million barrels monthly, to repay crude-for-loan agreements amounting to $8.86 billion. These agreements are part of various projects, including Project Panther, Bison, and Eagle Export Funding, aimed at settling debts and financing major initiatives. The NNPCL has already repaid $2.61 […]

Dollar to Naira Exchange Rate on the Parallel MarketAs of today, October 4th, 2024, the exchange rate for the dollar to naira in the black market (also known as the parallel market or Aboki fx) is available. Below are the exchange rates for buying and selling dollars: These rates apply to the Lagos Parallel Market, […]

The Federal Government of Nigeria has announced significant tax relief measures aimed at stimulating investments in the oil and gas sector. Effective immediately, the importation of key energy products, including diesel, feed gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), electric vehicles, Liquefied Natural Gas infrastructure, and clean cooking equipment will no longer be […]

Dollar to Naira Exchange Rate Today – 3rd October 2024 What is the current exchange rate for the dollar to naira in the black market, also known as the parallel market (Aboki fx)? Check the latest black market rates for 2nd October below. You can exchange your dollars for naira at these rates. As of […]

The Nigerian National Petroleum Company Limited (NNPCL) has allocated 48.6 million barrels of crude oil to the Dangote Petroleum Refinery over the past ten months, according to official data reviewed by Vanguard. The allocation began with 3.4 million barrels in December 2023 and has reached 11.7 million barrels for October 2024. Despite the large deliveries, […]