Current Black Market Dollar To Naira Exchange Rate As Of September 30, 2024

Current Black Market Dollar To Naira Exchange Rate As Of September 30, 2024

As of September 29, here are the black market Dollar to Naira exchange rates. You can exchange your dollars for Naira at these rates……CONTINUE READING 

**Current Dollar to Naira Exchange Rate in the Black Market**
In the Lagos Parallel Market (Black Market), the buying rate for a dollar is N1679, while the selling rate is N1690, according to sources at Bureau De Change (BDC).

*Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and has advised individuals seeking to engage in forex trading to approach their respective banks.*

**Dollar to Naira Black Market Rate Today**
– **Buying Rate:** N1679
– **Selling Rate:** N1690

**Dollar to Naira CBN Rate Today**
– **Buying Rate:** N1637
– **Selling Rate:** N1638

*Please be aware that the rates at which you buy or sell forex may differ from those stated in this article, as prices can vary.*

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### Oil Companies Indebted to Nigeria
A recent report reveals that oil companies owe Nigeria $6.17 billion in royalties and taxes. According to the Nigeria Extractive Industries Transparency Initiative (NEITI), this debt was highlighted in its audit of the petroleum sector.

The report, presented in Abuja on Friday, indicates that as of August 31, 2024, the unpaid royalties and gas flare penalties owed to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) totaled $6.071 billion and ₦66.4 billion.

Furthermore, outstanding petroleum profit taxes, company income taxes, withholding taxes, and VAT owed to the Federal Inland Revenue Service (FIRS) amounted to $21.926 million and ₦492.8 million as of June 2024. NEITI also reported a 9% decline in industry revenue for 2023, with figures showing $16.467 billion compared to $18.106 billion in 2022.

The report noted a total loss of 7.68 million barrels of crude oil in 2023 due to theft and measurement inaccuracies, representing a significant decrease of 79% from the 36.69 million barrels lost in 2022.