Naira Vs. Dollar: Black Market Exchange Rate On August 15th, 2024

Naira Vs. Dollar: Black Market Exchange Rate On August 15th, 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 14th August, 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 N1595 and sell at N1600 on Wednesday 14th August 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.

The national president of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry, has shared insights from his recent visit to the Port Harcourt Refinery.

Gillis-Harry, who recently toured the refinery with a capacity of producing 250 barrels of oil per day, noted that the facility is prepared to begin producing petroleum products in significant quantities.

The leader of the oil marketers in Nigeria expressed optimism regarding the imminent commencement of commercial production at the Port Harcourt Refinery.

Speaking to the Daily Post, Gillis-Harry further emphasized that the operational launch of both the Port Harcourt Refinery and the Dangote Refinery would play a crucial role in eliminating fuel shortages across Nigeria.

He said: “Port Harcourt Refinery is gearing up to be on stream to produce Petroleum in commercial quantity. We pray and hope that in the coming days or weeks, this comes to light. I went personally to the refinery. I saw efforts in place to ensure the refinery works.”

Similarly, an oil and gas specialist, Zakka Bala, expressed that Nigeria’s energy security prospects depend on the rejuvenation of its Port Harcourt, Warri, and Kaduna refineries.

He noted that while the Dangote Refinery operates with a profit motive, the government-owned refineries are intended to serve the needs of the Nigerian populace.