Today’s Black Market Dollar-To-Naira Exchange Rate: December 13, 2024

What is the Dollar to Naira Exchange Rate in the Black Market (Parallel Market)?....KINDLY READ THE FULL STORY HERE▶

Here is the black market (Aboki FX) dollar-to-naira exchange rate as of December 12, 2024. These rates reflect what players in the Lagos parallel market (black market) are offering for currency exchanges.

• Buying Rate: N1670
• Selling Rate: N1680

This means you can exchange one dollar for N1670 when selling and N1680 when buying from Bureau De Change (BDC) operators on Thursday, December 12, 2024.

Important Note:
The Central Bank of Nigeria (CBN) does not recognize the black market (parallel market). Individuals looking to engage in forex transactions are advised to approach their respective banks for official rates.

Dollar to Naira Exchange Rates

Black Market (Aboki FX):

• Buying Rate: N1670
• Selling Rate: N1680

CBN Rate:

• Highest Rate: N1550
• Lowest Rate: N1510

Disclaimer: Exchange rates may vary depending on your location and the dealer you transact with.

Nigeria’s Oil Production Update

Nigeria’s oil production, including condensates, reached 1.69 million barrels per day (mbpd) in November 2024, a 9.9% increase compared to October’s output of 1.538mbpd, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Crude oil production rose significantly by 11.42% to 1.48mbpd in November from 1.33mbpd in October. However, condensate production, not included under OPEC quotas, slightly decreased to 204,828 bpd from 204,806 bpd.

Despite the improvement, Nigeria’s production remains below the 2024 budget benchmark of 1.78mbpd, contrary to claims by the Nigerian National Petroleum Company Limited (NNPCL) that output had reached 1.8mbpd.