What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for 13th December, below. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1650 and sell at N1660 on Friday 13th December 2024, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) |
Black Market Exchange Rate Today |
| Buying Rate |
N1650 |
| Selling Rate |
N1660 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) |
CBN Rate Today |
| Highest Rate |
N1549 |
| Lowest Rate |
N1520 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The estimated landing cost of Premium Motor Spirit (PMS), popularly known as petrol, in Nigeria, has dropped by ₦36 to ₦900.28 per litre as of Thursday, marking a 3.62% decrease from last week’s ₦936.75 per litre.
According to Punch, data released by the Major Energies Marketers Association of Nigeria (MEMAN) highlighted the drop, with earlier records this week showing costs dipping to ₦890.43 per litre.
The decline reflects relief from global market fluctuations and supply chain factors.
Despite the decrease in landing costs, the retail price of petrol in Nigeria remains at ₦1,060 per litre. Notably, imported petrol, excluding regulatory fees, remains less expensive than domestically refined products.
Between December 10 and December 13, 2024, oil marketers imported 90,308 metric tonnes of petrol, equivalent to 121.1 million litres. This was facilitated by four vessels that berthed at ports in Lagos, Rivers, Cross River, and Delta states.
