Politics
Black Market Dollar To Naira Exchange Rate For December 7, 2024
Black Market Dollar To Naira Exchange Rate For December 7, 2024The Dollar to Naira exchange rate at the black market, also known as the parallel market (Aboki fx), for today, 7th December 2024, is as follows:....KINDLY READ THE FULL STORY HERE▶
•Buying Rate: ₦1,570
•Selling Rate: ₦1,600
At the Lagos parallel market, sources from Bureau De Change (BDC) indicate that the exchange rate for a dollar is currently being bought at ₦1,570 and sold at ₦1,600.
It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market. The CBN has directed individuals seeking to exchange foreign currencies to approach authorized banks for official rates.
Official CBN Dollar to Naira Rate Today:
•Highest Rate: ₦1,610
•Lowest Rate: ₦1,565
Please keep in mind that exchange rates can fluctuate, and the rates available for buying or selling may differ from what is stated here. Always verify with an authorized source before making transactions.
Nigeria’s Petrol Imports Reach 2.3 Billion Litres Despite New Refineries
Nigeria’s petrol imports have continued to rise, reaching 2.3 billion litres between September 11 and December 5, 2024, despite the operations of the Dangote and Port Harcourt refineries.
Data from the Nigerian Ports Authority shows that these refineries, which began operations in mid and late 2024, have not yet significantly reduced the country’s reliance on imported fuel. Both the Dangote Refinery, with a production capacity of 650,000 barrels per day, and the Port Harcourt Refinery have been operational for several months, but fuel imports have remained substantial.
In the past three days alone, Nigeria has imported 52,000 metric tonnes, or approximately 68.74 million litres of petrol. Shipments arrived at key ports in Lagos and Cross River State, including Apapa Port, Tin Can Port, and Calabar Port. For instance, on December 3, the vessel Binta Saleh delivered 15.86 million litres to Apapa Port, while the following day, Shamal brought in 26.44 million litres through Tin Can Port. Another shipment, expected to arrive today, will bring in another 26.44 million litres at Calabar Port.
These ongoing imports highlight the challenges Nigeria still faces in achieving self-sufficiency in refined petroleum products, despite the opening of new refineries.
For more information on this article and other related posts from Bushradiogist, please join our WhatsApp channel by clicking this link https://whatsapp.com/channel/0029VaUumOODTkK7AZL1Fw3o. For advertisement inquiries only, kindly send a message to 090 1907 0863 on WhatsApp.
Tension In Ibadan! Elders Move To Defuse Clash Between Olubadan And Makinde
Last-Minute Reprieve! Airline Operators Of Nigeria Suspends Planned Flight Shutdown
I’ll Never Fight Them!’ – Omoyele Sowore Reveals His Untouchable Group
Breaking: PDP Asks Independent National Electoral Commission To Delist Anyanwu As National Secretary
Political Fireworks! Nyesom Wike Mocks Rotimi Amaechi Over Buhari’s Rivers Loss
Abba Kabir Yusuf Declares: ‘I Am APC Leader In Kano, Ganduje Can’t Give Me Orders
Here’s What Happened” — Ex-Army Chief Buratai Speaks On Borno Airstrike Tragedy
Succession Buzz: Olusi Reveals Who May Replace Sanwo-Olu In 2027
Amaechi Sparks Debate: Atiku’s Electoral Strength May Be Confined To The North
