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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 14th May 2025
Looking to exchange your dollars for naira on the black market, also known as the parallel market or Aboki fx? Here’s the current rate for Monday, May 13, 2025.....KINDLY READ THE FULL STORY HERE▶
According to sources within the Bureau De Change (BDC), traders in the Lagos black market are buying the US dollar at ₦1,630 and selling at ₦1,635.
Black Market Exchange Rate (USD to NGN) – May 13, 2025
Buying Rate: ₦1,630
Selling Rate: ₦1,635
Please be aware that the Central Bank of Nigeria (CBN) does not endorse black market rates. The CBN advises anyone needing foreign exchange to use official banking channels.
CBN Official Exchange Rate (USD to NGN) – May 13, 2025
Highest Rate: ₦1,610
Lowest Rate: ₦1,597
Note: Exchange rates may vary depending on location and time of transaction.
In Other News: Petrol Prices Expected to Fall Below ₦900/Litre
Following a fresh price slash at the Dangote Refinery, fuel marketers and dealers are predicting that pump prices of petrol across Nigeria could drop to below ₦900 per litre.
On Monday, the 650,000-barrel-per-day refinery in Lekki introduced a ₦10 rebate for customers purchasing Premium Motor Spirit (PMS) at ₦835 per litre.
This move was confirmed by officials from the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN).
Retailers connected to Dangote – including MRS, Ardova (AP), Heyden, Optima Energy, Hyde, and Techno Oil – are expected to adjust their pump prices in response.
For instance, MRS stations in Abuja were selling petrol at ₦910 per litre as of Monday evening. However, a staff member revealed that the price could drop to ₦900 per litre by mid-week, likely between Wednesday and Thursday.
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