Latest Black Market Dollar (USD) To Naira (NGN) Exchange Rate – 4th October 2024

Latest Black Market Dollar (USD) To Naira (NGN) Exchange Rate – 4th October 2024

Check the current black market Dollar to Naira exchange rate for October 3rd, 2024, below. These are the rates at which you can exchange your dollar for Naira…….CONTINUE READING 

How much is the Dollar to Naira exchange rate today in the black market?

As of Thursday, October 3rd, 2024, the exchange rate at the Lagos Parallel Market (Black Market) has dollar buyers purchasing at N1665 and selling at N1680, according to sources within the Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The CBN advises individuals needing foreign exchange (forex) to use their banks for such transactions.

Dollar to Naira Black Market Rate Today:

•Buying Rate: N1665

•Selling Rate: N1680

Dollar to Naira CBN Official Rate Today:

•Buying Rate: N1656

•Selling Rate: N1657

Please be aware that actual exchange rates may vary depending on where you trade, as prices fluctuate.

Petrol Imports Decline by 3.58 Billion Litres in One Year – NBS Report

The National Bureau of Statistics (NBS) has reported a sharp reduction in the importation of Premium Motor Spirit (PMS), or petrol, over the past year. According to recent data, petrol imports fell by 3.58 billion litres between 2022 and 2023.

The total petrol imports decreased from 23.54 billion litres in 2022 to 20.30 billion litres in 2023, reflecting a 13.77% year-on-year drop. The second half of 2023 saw a significant decline, with 8.36 billion litres imported, compared to 11.94 billion litres in the first half, marking a 29.99% reduction.

The NBS report further indicated that PMS distribution (truck out) in 2023 was 20.22 billion litres, a 16.96% drop compared to 24.35 billion litres in 2022. The data highlights a 30.22% decrease in petrol imports when comparing the latter half of 2022 with the same period in 2023, resulting in a reduction of 3.62 billion litres.

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