Current Black Market USD To NGN Exchange Rate For September 28, 2024

Current Black Market USD To NGN Exchange Rate For September 28, 2024

What is the current exchange rate for the dollar to naira in the black market, also known as the parallel market (Aboki fx)? As of September 27, 2024, the rates are as follows:……CONTACT READING 

In the Lagos Parallel Market, the buying rate for a dollar is **₦1,690**, while the selling rate is **₦1,700**, according to sources from Bureau De Change (BDC). It’s important to note that the Central Bank of Nigeria (CBN) does not endorse the parallel market, advising individuals seeking foreign exchange to go through their respective banks.

#### Dollar to Naira Black Market Rate Today
– **Buying Rate:** ₦1,690
– **Selling Rate:** ₦1,700

#### CBN Rate Today
– **Buying Rate:** ₦1,637
– **Selling Rate:** ₦1,638

Please keep in mind that the rates at which you buy or sell forex may differ from those mentioned here, as prices can fluctuate.

### Update on Petrol Pricing and Distribution

In related news, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a meeting with Dangote Refinery to discuss the direct procurement of Premium Motor Spirit (PMS), commonly known as petrol. Chief Chinedu Ukadike, the spokesperson for IPMAN, indicated that members are optimistic about initiating direct petrol lifting from Dangote.

Despite the distribution of petrol by Dangote, challenges remain within the oil and gas sector. “There is a meeting scheduled for this week between Dangote and IPMAN. We are pleased that Dangote is seeking to involve other stakeholders in its distribution efforts,” Ukadike stated.

Currently, petrol prices at retail outlets of the Nigerian National Petroleum Company Limited and various independent filling stations range from **₦950 to ₦1,100**, depending on the geographical location within the country, following the lifting of Dangote fuel.