Politics
Naira Plummets Again: Black Market Dollar Rate Hits Unprecedented Levels Today
What is the Current Dollar to Naira Exchange Rate in the Black Market (Parallel Market)?....KINDLY READ THE FULL STORY HERE▶
Check out the latest Black Market Dollar to Naira exchange rate for December 18, 2024, below. You can exchange your dollars for Naira at these rates.
How much is the Dollar to Naira today in the black market? Here’s the Dollar to Naira exchange rate in the black market (Aboki FX):
How much is the Dollar to Naira today in the black market? Here’s the Dollar to Naira exchange rate in the black market (Aboki FX):
At the Lagos Parallel Market (Black Market), the buying rate for a dollar is N1650, while the selling rate is N1660, according to Bureau De Change (BDC) sources on Wednesday, December 18, 2024.
Important: The Central Bank of Nigeria (CBN) does not recognize the parallel market and has advised individuals to engage with their respective banks for foreign exchange transactions.
Dollar to Naira Black Market Rate for Today:
- Buying Rate: N1650
- Selling Rate: N1660
Dollar to Naira CBN Rate Today:
- Highest Rate: N1565
- Lowest Rate: N1531
Please be aware that the rates you encounter when buying or selling foreign currency may vary from those mentioned here, as exchange rates fluctuate.
In other news, the price of onions in Nigeria has sharply risen, with small-sized bulbs now ranging from ₦200 to ₦300 in anticipation of the Yuletide season.
A recent market survey in Abuja revealed a significant price jump in onions, with small-sized ones increasing by 200%, now costing ₦300 on December 17, 2024, compared to ₦100 in November. Large-sized onions have also risen from ₦300 to ₦500.
In a report by the Daily Post, the cost of a dustbin basket of onions has soared to ₦250,000, up from the previous range of ₦170,000 to ₦192,000.
Abdullahi Yakubu, a seller at the Dutse First Gate Market, commented that such price hikes are typical in the weeks leading up to the festive season.
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