Politics
Dollar To Naira Exchange Rate In The Black Market On December 13, 2024
Dollar To Naira Exchange Rate In The Black Market On December 13, 2024The Dollar to Naira exchange rate at the Lagos Parallel Market (also known as the black market) for Thursday, December 12, 2024, stands at:....KINDLY READ THE FULL STORY HERE▶
•Buying Rate: N1670
•Selling Rate: N1680
According to Bureau De Change (BDC) sources, this is the rate at which individuals can exchange US dollars for Nigerian Naira in the black market.
It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market and encourages individuals to conduct foreign exchange transactions through authorized banks.
Official CBN Dollar to Naira Rates for Today
•Highest Rate: N1550
•Lowest Rate: N1510
Please keep in mind that exchange rates fluctuate and may differ from what is reported here. Always check with your local bank or BDC for real-time rates when making transactions.
Nigeria’s Oil Production Reaches 1.7 Million Barrels per Day
Nigeria’s oil production, including condensates, surged to 1.69 million barrels per day (mbpd) in November 2024, marking a 9.9% increase compared to October’s output of 1.538 mbpd. The latest data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reveals an 11.42% boost in crude oil production, which climbed to 1.48 mbpd from 1.33 mbpd in October.
However, condensate production showed a slight decrease, falling to 204,828 barrels per day from 204,806 barrels per day in the previous month. Despite the increase, Nigeria’s oil output still lags behind its 2024 budget target of 1.78 mbpd, contradicting earlier claims from the Nigerian National Petroleum Company Limited (NNPCL) that production had reached 1.8 mbpd.
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