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Dollar to Naira Black market exchange rate & 7 Top Nigerian Business News for May 25, 2024

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Dollar to Naira black market exchange rate today
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What is the Dollar To Naira Black Market Exchange Rate also known as the parallel market (Aboki fx)?

Grey and Geegpay dollar to naira rate today. 

See the black market Dollar to Naira exchange rate, Euro to Naira black market, Pounds to Naira black market for May 25, 2024, below. You can easily swap your dollar for Naira at these rates.

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

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

The exchange rate for a dollar to naira at Lagos, Abuja and Port Harcourt  Parallel Market (Black Market) closed yesterday at an average of ₦1,510 per dollar according to the latest data obtained from Bureau De Change (BDC) operators. 

 

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CBN Sacks 50 More Staff, Sparking Anxiety Among Employees

Dollar to Naira Black Market Rate Today.

How much is $1 in Nigeria black market today?

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate ₦1,515
Selling Rate ₦1,520 / ₦1,530

Dollar to Naira Online App Exchange Rate.

Do you know that you can convert your naira into dollar or dollar into naira using only App link Geegpay Africa, Grey, Chipper Cash into .

Geegpay dollar to naira exchange rate

  • EUR (€): Buying at ₦1640.03, Selling at ₦1693.55
  • GBP (£): Buying at ₦1920, Selling at ₦1935
  • USD ($): Buying at ₦1560, Selling at ₦1580.

Grey dollar to naira rate.

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  • EUR (€): Buying at ₦1640.03, Selling at ₦1,719.18
  • GBP (£): Buying at ₦1902, Selling at ₦2,015.15
  • USD ($): Buying at ₦1500, Selling at ₦1,590.90.

CBN exchange rate dollar to Naira today

The CBN exchange rate dollar to Naira today is:

Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate ₦1,431
Selling Rate ₦1,434

 

 

The Dollar to Naira Bank rate today is also the same as the CBN official rate. The only difference is just one to two naira difference from one bank to another.

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.

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The rates you buy or sell forex at Aboki exchange rate today in Lagos and other Aboki Forex rates may be different from what is captured in this article because prices vary.

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Pounds to Naira Today

Pounds to NGN CBN Rate Today

  • Buying Rate: ₦1,805
  • Selling Rate: ₦1,810

Euro to Naira black market Today

Euro to Naira exchange rate Today

  • Buying Rate: ₦1,595
  • Selling Rate: ₦1,600

Latest business news in Nigeria today.

Here are the latest business news in Nigeria for May 24, 2024, with additional details:

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Investments in oil and gas: About $16.6 billion investments have been committed to Nigeria’s oil and gas sector in the past one year, with a focus on deepwater projects and gas development, according to the Nigerian National Petroleum Company Limited (NNPCL).

Foreign exchange inflows: The foreign exchange inflows recorded in the first quarter of 2024 into Nigeria were about 136 per cent of the total inflows in the same period of 2023, driven by increased crude oil sales and foreign investments, the Central Bank of Nigeria (CBN) has reported.

Manufacturers Association of Nigeria: Manufacturers were forced to cut production and jobs in the first quarter of the year due to macroeconomicrelated headwinds, including forex scarcity, high inflation, and poor power supply, according to the Manufacturers Association of Nigeria (MAN).

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Rural Electrification Agency: The Rural Electrification Agency has signed two Memoranda of Understanding with private companies to generate 500 megawatts of renewable energy to electrify rural communities across the nation, with a focus on solar minigrids and hydro power.

Google: Google has announced plans to build Umoja, the firstever fibreoptic cable directly connecting Africa with Australia, which will improve internet connectivity and reduce latency for Nigerian users, the company said in a statement.

Electric vehicle charging points: The Nigerian National Petroleum Company Limited (NNPCL), Shafa Energy, and Nigus, on Thursday, commenced the deployment of electric vehicle charging points at filling stations in Nigeria, with the goal of promoting the adoption of electric vehicles in the country.

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Electricity subsidy: The Federal Government spent N628.61 billion as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08 trillion during the same period, according to the Nigerian Electricity Regulatory Commission (NERC).

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