Black Market Dollar To Naira Exchange Rate Today, 6th May 2024

Black Market Dollar To Naira Exchange Rate Today, 6th May 2024

Seeking to exchange your dollars for Naira? Check out today’s black market exchange rate for the USD to NGN, commonly known as the parallel market rate…….READ ALSO Black Market Dollar To Naira (NGN) Exchange Rate Report – May 5th, 2024

On Sunday, 5th May 2024, players in Lagos Parallel Market (Black Market) were buying a dollar for N1400 and selling at N1420, according to Bureau De Change (BDC) sources.

However, it’s essential to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and advises individuals engaging in forex transactions to approach their respective banks.

**Dollar to Naira Black Market Rate Today:**
– Buying Rate: N1400
– Selling Rate: N1420

**Dollar to Naira CBN Rate Today:**
– Buying Rate: N1441
– Selling Rate: N1442

Please be aware that actual rates may differ from those provided here due to market fluctuations.

*Fuel Scarcity: NNPCL, Marketers Trade Blames Over Lingering Queues at Filling Stations*

The Nigeria National Petroleum Corporation Limited (NNPCL) attributes the persistent fuel scarcity in Nigeria to panic buying and exploitative practices by some petroleum marketers.

Reassuring the public, NNPC spokesperson Femi Soneye stated during a Friday press briefing that fuel queues are expected to clear next week. The NNPC claims to have over 1.5 billion litres of petroleum in stock, sufficient for at least 30 days.

However, Soneye accused marketers of exacerbating the situation by hoarding fuel and urged consumers to purchase only what they need, emphasizing that there is no shortage of fuel supply.

Join our channel for more latest news https://whatsapp.com/channel/0029VaV4jB6DuMRgwqnJCF32