Black Market Dollar To Naira Rate For Today, September 17, 2024

Black Market Dollar To Naira Rate For Today, September 17, 2024

As of September 17, 2024, the exchange rate for the dollar (USD) to naira (NGN) in the black market is……..CONTINUE READING 

– **Buying Rate:** ₦1662
– **Selling Rate:** ₦1665

These rates are applicable at the Lagos parallel market (black market) according to sources from Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and recommends that individuals conduct foreign exchange transactions through their banks.

**CBN Official Exchange Rates**

– **Buying Rate:** ₦1645
– **Selling Rate:** ₦1646

Exchange rates can vary, and the rates you experience may differ from those listed here.

**Petrol Price Adjustments Nationwide**

The Nigeria National Petroleum Company Limited (NNPCL) has announced an increase in petrol prices across all states. This adjustment follows the purchase of petrol from Dangote Refinery at a higher rate on Sunday, with transactions conducted in US Dollars rather than naira.

NNPCL reported that Dangote Refinery sold petrol at ₦898.78 per liter. Additional costs included a regulatory fee of ₦8.99, an inspection fee of ₦0.97, and a distribution cost of ₦15. The estimated pump prices in various states are:

– **Lagos State:** ₦950.22
– **Sokoto State:** ₦999.22
– **Kano State:** ₦999.22
– **Borno State:** ₦1,019.22
– **Kaduna State:** ₦999.22
– **FCT:** ₦992.22
– **Oyo State:** ₦960.22
– **Rivers State:** ₦980.00
– **Imo State:** ₦980.22

States outside Lagos will see higher prices due to increased distribution costs.