Naira
NewsOnline Nigeria has obtained the official Naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market. As of now, you can purchase 1 dollar at ₦1,520 and sell it at ₦1,550 however, it’s important to keep in mind that the rate can shift (either upwards or downwards) within hours.
See the black market Dollar to Naira exchange rate for 5th February, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1520 and sell at N1550 on Monday 5th February 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 (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1520 |
| Selling Rate | N1,550 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1,482.57 |
| Selling Rate | N1,482.57 |
The Federal Government has stepped up talks with the Kingdom of Morocco to expedite the process of reaching the Final Investment Decision (FID) on the Nigeria-Morocco Gas Pipeline.
The pipeline would pass through the Republic of Benin, Togo, Ghana, Cote d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, Gambia, Senegal, Mauritania, and end in Morocco with a spur to Spain, according to a statement released on Thursday by the Chief Corporate Communications Officer of the Nigeria National Petroleum Company Limited (NNPCL) Olufemi Soneye.
NewsOnline Nigeria reports that on Wednesday, January 24, 2024, the NNPC Ltd.’s Executive Vice President, Gas, Power & New Energy, Mr. Olalekan Ogunleye, and Mme Amina Benkhadra, Director General of the Morocco National Office of Hydrocarbons and Mines (ONHYM), served as the discussion’s anchors. The meeting was between the Honorable Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, and the Moroccan Minister of Energy Transition and Sustainable Development, Leila Benali.
The discussions centered on ways to advance the collaboration between the two nations in order to expedite the Nigeria-Morocco Gas Pipeline Project following the several Memoranda of Understanding (MoUs) that were inked in Abuja in 2022.
In order to achieve the goal of reducing energy poverty on the continent, the stakeholders emphasized the project’s strategic significance for their respective nations as well as for all of Africa. They also emphasized the urgency with which the project must be completed.
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