Exchange Rates

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 17th September 2024

Advertisement
Advertisement

Black market dollar to Naira exchange rate on Tuesday 17th September 2024 can be accessed below.

 

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 a certain rate now, however, it’s important to remember that the rate can shift (either upwards or downwards) within hours.

 

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

 

ALSO: Atiku, Peter Obi, Kwankwaso 2027 Merger Talk Hits Rock Bottom

 

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1650 and sell at N1660 on Tuesday 17th September 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 (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1650
Selling Rate N1660

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1625
Selling Rate N1630

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

 

New Price Of Petrol Across All States In Nigeria – NNPCL

 

NewsOnline Nigeria reports that the Nigeria National Petroleum Company Limited (NNPCL) has announced that petrol prices will increase across the states.

 

The price increase, NewsOnline Nigeria reported, followed a statement from NNPCL stating that it bought petrol at a higher rate from Dangote Refinery on Sunday.

 

NNPCL’s statement also disclosed that contrary to the federal directive, Dangote Refinery sold its refined product on Sunday in US dollars and not naira.

 

The statement, however, disclosed that Dangote Refinery will sell its October product in naira.

 

A breakdown of the chart from NNPCL showed Dangote Refinery sold petrol to NNPCL at ₦898.78 per litre. NNPCL paid a Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fee of ₦8.99, an inspection fee of ₦0.97, a distribution cost in Lagos of ₦15, margin of ₦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 analysis of the chart showed that except for Lagos State, other states of the federation will be paying higher because of distribution costs.

 

Advertisement
Ugwu Benson

Recent Posts

  • Top Stories

President Tinubu, Obi, Governors, Others Eulogize Ogbonnaya Onu

President Tinubu, Obi and Governors among others have eulogized Ogbonnaya Onu.   NewsOnline Nigeria reports…

3 hours ago
  • Entertainment
  • Headline

BREAKING: FG Partners Tuface On MSMEs, Job Creation

FG has partnered with Tuface on MSMEs and Job Creation in Nigeria.   NewsOnline Nigeria…

3 hours ago
  • Crime Watch
  • Top Stories

Abuja High Court Takes Action On Criminal Summons Against Senator Okpebholo

Abuja High Court has taken action on the criminal summons against Senator Okpebholo.   NewsOnline…

3 hours ago
  • Headline
  • Top Stories

BREAKING: President Trump Makes History With First Major Appointment (FULL LIST)

President Trump has made history with a first major appointment.   NewsOnline Nigeria reports that…

3 hours ago
  • Economy And Business
  • Headline

BREAKING: Obaigbena Charges NNPCL To Battle Oil Mafia, Make Refineries Work

Obaigbena has charged NNPCL to battle the oil mafia and make refineries work in Nigeria.…

8 hours ago
  • Headline

BREAKING: President Tinubu Grants More Powers To Ministers Of State

President Tinubu has granted more powers to Ministers of state in Nigeria.   NewsOnline Nigeria…

8 hours ago