Current Black Market Dollar To Naira Exchange Rate For August 10, 2024

Current Black Market Dollar To Naira Exchange Rate For August 10, 2024....KINDLY READ THE FULL STORY HERE▶

As of August 9, 2024, the black market (parallel market) exchange rate for the Dollar to Naira is as follows:
– **Buying Rate:** ₦1600
– **Selling Rate:** ₦1610

These rates are provided by sources from the Bureau De Change (BDC) in Lagos……. CONTINUE READING

Please note that the Central Bank of Nigeria (CBN) does not endorse the parallel market rates and recommends that individuals seeking forex should use their banks.

**CBN Dollar to Naira Rates for Today**
– **Buying Rate:** ₦1583
– **Selling Rate:** ₦1584

Rates may vary from those listed here due to fluctuations in the market.

**Dangote Refinery to Divest Remaining 12.7% Stake**

The Dangote Refinery is set to sell a 12.7% stake in 2024 to facilitate loan servicing, according to a recent Fitch Ratings report. The Nigerian National Petroleum Company Limited (NNPCL) had planned to acquire this stake but has chosen not to pursue it. This decision may impact the refinery’s ability to manage its loan obligations effectively.

In 2021, NNPC secured a 7.25% stake in the refinery for $1 billion with an option to acquire the remaining 12.75% by June 2024. However, the NNPC has since withdrawn from this commitment.

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