Politics
Dollar To Naira Black Market Rate For August 26, 2024
Dollar To Naira Black Market Rate For August 26, 2024....KINDLY READ THE FULL STORY HERE▶
Here is the updated exchange rate information for the black market Dollar to Naira on August 25, 2024…..CONTINUE READING
**Black Market USD to NGN Exchange Rate for August 25, 2024**
– **Buying Rate:** N1600
– **Selling Rate:** N1610
Sources from the Bureau De Change (BDC) in Lagos report these rates. Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market, advising individuals to use banks for Forex transactions.
**Official CBN Exchange Rates:**
– **Buying Rate:** N1591
– **Selling Rate:** N1592
Note that actual exchange rates may vary from those listed in this article due to fluctuations in the market.
**Dangote Refinery Update:**
The Dangote Refinery, with a capacity of 650,000 barrels per day, is currently testing its production of Premium Motor Spirit (PMS), also known as petrol. Full operations are expected by mid-September. The $20 billion facility, developed by Aliko Dangote, has been producing diesel and other distillates thus far.
Initially, petrol production was slated to start in May, with deliveries expected in July. IIR Energy indicates that further delays might occur. Once operational, the refinery aims to reshape the fuel trade between Europe and Africa and reduce Nigeria’s reliance on imported refined products. The Federal Government’s committee for local crude oil sales has agreed with Dangote Petroleum Refinery on a September start for petrol distribution.
For the latest updates and juicy gossip, dive into the Bushradiogist platform by clicking this link: Bushradio. For advert placement only, shoot a WhatsApp message to 0807 580 6790.
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