Today’s Black Market Exchange Rate: USD To NGN On December 7th, 2024

What is the Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx)?....KINDLY READ THE FULL STORY HERE▶

Below is the black market exchange rate for the Dollar to Naira on December 6th, 2024. You can exchange your dollars for Naira at these rates.

How much is a dollar to Naira today in the black market? Dollar to Naira Exchange Rate Today in the Black Market (Aboki Dollar Rate):

At the Lagos Parallel Market (Black Market), the exchange rate for a dollar on Friday, December 6th, 2024, is as follows:

• Buying rate: N1570
• Selling rate: N1600

This information is based on data from Bureau De Change (BDC) sources.

Please note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market and advises individuals looking to engage in foreign exchange to approach their respective banks.

Dollar to Naira Black Market Rate Today

• Buying Rate: N1570
• Selling Rate: N1600

Dollar to Naira CBN Rate Today

• Highest Rate: N1610
• Lowest Rate: N1565

Keep in mind that the rates for buying or selling foreign exchange may vary from those stated in this article, as they fluctuate.

Nigeria’s Fuel Imports Reach 2.3 Billion Litres Despite New Refinery Operations

Between September 11 and December 5, 2024, Nigeria imported 2.3 billion litres of petrol, despite the commencement of operations at both the Dangote and Port Harcourt refineries. This data, shared by the Nigerian Ports Authority, shows continued fuel imports even as the country seeks self-sufficiency in refined petroleum.

The Dangote Refinery, with a daily capacity of 650,000 barrels, and the Port Harcourt Refinery, which began producing and distributing Premium Motor Spirit (PMS) in mid and late 2024, respectively, have not stopped imports.

Recent figures from the Nigerian Ports Authority reveal that, in just the past three days, 52,000 metric tonnes (or 68.74 million litres) of petrol have been imported. These shipments arrived at Lagos’ Apapa Port, Tin Can Port, and the Calabar Port in Cross River State.

On December 3, 2024, the vessel Binta Saleh delivered 15.86 million litres of petrol to Apapa Port. On December 4, the Shamal delivered 26.44 million litres via Tin Can Port. Additionally, another 26.44 million litres is expected today via the Watson vessel at Calabar Port.