Black Market Dollar-Naira Rate Update For August 22, 2024

Black Market Dollar-Naira Rate Update For August 22, 2024

As of August 21, 2024, the Dollar to Naira exchange rate in the Lagos Parallel Market (black market) is as follows:…… CONTINUE READING

– **Buying Rate:** ₦1600

– **Selling Rate:** ₦1610

This data is sourced from Bureau De Change (BDC) operators. Note that the Central Bank of Nigeria (CBN) does not officially recognize the black market rates and advises individuals to conduct Forex transactions through their banks.

**CBN Official Exchange Rate for Today:**

– **Buying Rate:** ₦1569

– **Selling Rate:** ₦1570

Keep in mind that actual rates may differ from those listed here due to market fluctuations.

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**NBS Report on Cooking Gas Prices**

According to the National Bureau of Statistics (NBS), the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, decreased by 14.23% in July 2024. The cost for a 5kg cylinder fell from ₦6,966.03 in June to ₦5,974.55.

– **Highest Price:** Borno State recorded the highest refill price at ₦7,088.59.

– **Second Highest:** Yobe State with an average of ₦6,935.50.

– **Third Highest:** Sokoto State at ₦6,750.00.

Conversely, Delta State had the lowest average refill price at ₦5,392.86, followed by Zamfara at ₦5,431.25 and Kogi State at ₦5,560.63.

Regionally, the North East zone had the highest average price of ₦6,446.53, marking a 5.30% month-on-month decrease but a 57.70% year-on-year increase.

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