Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 21st October 2024

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 20th October, 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 N1720 and sell at N1730 on Sunday 20th October 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 CBN Rate Today

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

‘Price Of 5kg Of Cooking Gas Increase From ₦6,430 To ₦6,699 In September’

The National Bureau of Statistics (NBS) has revealed a notable rise in the average price of cooking gas, with the cost of a 5kg cylinder increasing from ₦6,430.02 in August to ₦6,699.63 in September 2024.

This marks a 4.19 percent increase from the previous month and a staggering 59.90 percent rise compared to ₦4,189.96 recorded in September 2023.

The findings were published in the Bureau’s “Cooking Gas Price Watch” for September 2024, released on Friday.

The report indicates that the highest average price for a 5kg cylinder was recorded in Rivers State at ₦7,285.71, followed closely by Gombe at ₦7,271.88 and Borno at ₦7,089.72. Conversely, Kebbi recorded the lowest price at ₦5,950.00, with Kano and Benue at ₦6,133.33 and ₦6,143.52, respectively.

Regional analysis revealed that the North-East had the highest average retail price for 5kg of cooking gas at ₦6,929.02, while the North-West reported the lowest at ₦6,382.30.

The NBS also reported a 4.89 percent increase in the average retail price for refilling a 12.5kg cooking gas cylinder, which rose from ₦15,552.56 in August to ₦16,313.43 in September. On a year-on-year basis, this represents a dramatic 76.41 percent increase from ₦9,247.40 recorded in September 2023.