Today’s Black Market Exchange Rate: USD To NGN On September 27, 2024

Today’s Black Market Exchange Rate: USD To NGN On September 27, 2024

What is the current exchange rate for the dollar to naira in the black market, often referred to as the parallel market (Aboki fx)? Below are the rates for September 26, 2024, for those looking to exchange their dollars for naira…….CONTINUE READING 

**Today’s Black Market Dollar to Naira Exchange Rate:**

– **Buying Rate:** ₦1685
– **Selling Rate:** ₦1695

According to sources at Bureau De Change (BDC) in Lagos, players in the parallel market are buying a dollar for ₦1685 and selling it for ₦1695 as of Thursday, September 26, 2024.

It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market. The CBN has directed individuals seeking to engage in forex trading to do so through their respective banks.

**CBN Exchange Rate Today:**

– **Buying Rate:** ₦1637
– **Selling Rate:** ₦1638

Please be aware that the rates for buying or selling forex may vary from what is reported here, as prices fluctuate.

—

**Cooking Gas Price Update**

The National Bureau of Statistics (NBS) has reported a significant increase in the price of liquefied petroleum gas (LPG), commonly known as cooking gas.

As of August 2024, the average price for a 12.5kg cylinder rose to ₦15,552.56, marking a 69.15% increase from ₦9,194.41 in August 2023.

The price also jumped from ₦14,261.57 in July 2024 to ₦15,552.56 in August, indicating a month-on-month increase of 9.05%.

Regionally, Rivers State recorded the highest average price for refilling a 12.5kg cooking gas cylinder at ₦17,086.36, followed by Cross River at ₦17,050 and Abia at ₦17,012.52.