Black Market Dollar to Naira Today 4th October 2024 –The Latest CBN Dollar to naira Exchange Rate, dollar to naira bank rate, dollar to naira black market, and aboki fx can be accessed below.
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1680 and sell at N1700 today Friday 4th October 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 | N1680 |
| Selling Rate | N1700 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1601 |
| Selling Rate | N1603 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Nigerian oil trades $2 higher than active Brent contract
In other news, Nigerian oil prices have surged to over $2 higher than Brent crude, with key blends like Brass River and Bonny Light now trading above $77 per barrel.
This increase is driven by rising tensions in the Middle East, particularly the conflict between Israeli forces and Iran-backed militias, which has raised concerns about potential disruptions to oil supply from the region. While U.S. crude stockpiles have grown, the global market remains focused on these geopolitical risks. In response, the Nigerian government is working to boost investment in its oil sector, with new tax incentives and ExxonMobil committing $10 billion to offshore projects.
