underground market Below is the currency rate for the dollar to naira on September 16. At these prices, you may exchange your $ into Naira.
In the underground market, how much is one dollar worth in naira today?
Current black market dollar to naira exchange rate (Aboki dollar rate):
On Monday, September 16, 2024, players at the Lagos Parallel Market (Black Market) would purchase a dollar for N1662, and they will sell it for N1665, based on sources at the Bureau De Change (BDC).
Please be aware that the Central Bank of Nigeria (CBN) has instructed anyone who wish to trade foreign exchange to contact their individual banks and does not recognize the parallel market, sometimes known as the black market.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1662 |
| Selling Rate | N1665 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1645 |
| Selling Rate | N1646 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
According to a statement made by the Nigeria National Petroleum Company Limited (NNPCL), gas prices will rise in all of the states.
According to a report from Naija News, the price rise came after NNPCL said in a statement that it had purchased gasoline from Dangote Refinery on Sunday at a premium price.
The NNPCL statement also revealed that Dangote Refinery sold its refined product on Sunday in US dollars rather than naira, defying a regulatory mandate.
However, the announcement revealed that Dangote Refinery will use naira for the sale of its October product.
A breakdown of the chart from NNPCL showed Dangote Refinery sold petrol to NNPCL at ₦898.78 per liter. NNPCL paid Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fee of ₦8.99, inspection fee of ₦0.97, a distribution cost in Lagos of ₦15, margin ₦26.48.
NNPCL’s statement added that the estimated pump price in Lagos will be ₦950.22, Sokoto State ₦999.22; Kano State ₦999.22, Borno State ₦1,019.22, Kaduna ₦999.22, FCT ₦992.22, Oyo State ₦960.22, Lagos State ₦950.22, Rivers State ₦980.00, Imo State ₦980.22.
An review of the chart showed that save from Lagos State, other states of the federation will be paying greater due of distribution charges.
