Business
Today’s Black Market Dollar To Naira Exchange Rate – October 12th, 2024
Today’s Black Market Dollar To Naira Exchange Rate – October 12th, 2024
What’s the current exchange rate of the Dollar to Naira on the parallel market (commonly known as the black market or Aboki fx)? Below are the rates for 11th October, where you can exchange your dollars for naira.
Dollar to Naira Black Market Exchange Rate Today
At the Lagos Parallel Market (Black Market), as of Friday, 11th October 2024, buyers purchase the dollar for ₦1695 and sell it for ₦1700, according to sources at Bureau De Change (BDC).
It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. Individuals interested in forex are advised to conduct transactions through their respective banks.
Black Market Rates:
- Buying Rate: ₦1695
- Selling Rate: ₦1700
Official CBN Dollar to Naira Rate:
- Buying Rate: ₦1625
- Selling Rate: ₦1626
Keep in mind that the exchange rates at which you buy or sell forex may vary, as market conditions are fluid.
Trinidad’s Government Shortlists Final Bidders for Petrotrin Refinery
In other news, the Trinidadian government has shortlisted three final bidders for the acquisition of the state-owned Petrotrin refinery. Among the contenders is Nigeria’s Oando Plc, owned by Wale Tinubu, nephew of President Bola Ahmed Tinubu.
Trinidad’s Finance Minister, Colm Imbert, revealed that out of ten initial proposals, three companies have progressed to the final stage: the CRO Consortium (comprising three Trinidadian firms), INCA Energy from the US, and Oando Plc from Nigeria. The bidding process, led by US-based Scotia Capital, began in February 2024.
-
Latest News6 days agoTinubu Govt Declares Nationwide Public Holiday For Nigerians
-
Entertainment4 days ago₦800,000, ₦5m, $11,000: Ogogo’s Daughter Accuses Nigerians Of Exploiting Father’s Cancer
-
Latest News1 week agoTinubu Meets Akpabio, Doguwa, Oyetola, Alake At Aso Rock
-
Latest News2 weeks agoINEC Makes Fresh Announcement After Declaring Adeleke Winner Of Osun Election
-
Latest News5 days agoAPC Chairman Collapses, D!es
-
Latest News3 days agoUzodinma Won’t Market Tinubu To Igbos’ – Oshiomhole Reveals Who Should Help
-
Latest News4 days agoTinubu Renews Appointments In NTA, NAN
-
Latest News2 days agoFG Announces New Appointment
-
Gist2 weeks agoYour Uncle Adeleke Is The Real Arindin’ – Sowore Fires Back At Davido
-
Entertainment1 week agoOgogo’s Family Breaks Silence, Debunks Viral D**th Rumour
-
Latest News2 days agoTinubu Reviews APC Campaign Council Over ‘Corrupt’ Names — See Who Escaped the Shake-Up
-
Latest News2 weeks agoOsun Election: INEC Gives Fresh Update As Voting Continues