Today’s Black Market Dollar To Naira Exchange Rate – 21st December 2024

Black Market Dollar to Naira Exchange Rate for 21st December 2024....KINDLY READ THE FULL STORY HERE▶

What is the exchange rate of the Dollar to Naira in the black market (also known as the parallel market or Aboki FX)?

Below is the black market Dollar to Naira exchange rate for 21st December 2024. These rates reflect the buying and selling prices for exchanging dollars to Naira in the parallel market.

Black Market Exchange Rate (Aboki Rate):

• Buying Rate: ₦1656
• Selling Rate: ₦1660

In Lagos, at the Parallel Market (Black Market), dollar exchanges were conducted at these rates on Friday, 21st December 2024, as reported by sources in the Bureau De Change (BDC).

Please Note: The Central Bank of Nigeria (CBN) does not recognize the black market and has advised individuals to conduct foreign exchange transactions through their respective banks.

CBN Dollar to Naira Rate Today:

• Highest Rate: ₦1570
• Lowest Rate: ₦1532

Rates in this article may vary from those you experience when buying or selling Forex, as prices are influenced by market dynamics.

Dangote Group Clarifies NNPCL’s $1 Billion Loan Claim

The Dangote Group has refuted claims by the Nigerian National Petroleum Company Limited (NNPCL) that it provided a $1 billion crude-backed loan to aid Dangote Refinery.

Anthony Chiejina, the Group Chief Branding and Communications Officer, stated on Wednesday that the $1 billion was not a loan but part of a $2.76 billion investment by NNPCL to acquire a 20% stake in the refinery.

Chiejina explained that NNPCL’s failure to meet the agreed payment terms reduced its stake in the refinery to 7.24%.