Currenly Available Dollar to Naira Exchange Rate at the Parallel Market (Aboki Fx)
Check out the latest dollar to naira exchange rate for October 20th, 2024. You can exchange your dollar for naira at these rates.
What’s the Current Dollar to Naira Rate?
Dollar to Naira Exchange Rate Today at the Parallel Market (Black Market)
Bureau De Change operators in Lagos are buying a dollar for N1720 and selling at N1730 as of October 20th, 2024, according to reliable sources. Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market, instead, directing individuals to approach their respective banks for foreign exchange services.
Dollar to Naira Exchange Rates Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1720 |
| Selling Rate | N1730 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1651 |
| Selling Rate | N1652 |
Important Note
The foreign exchange rates you buy or sell may be different from this article, as prices can vary depending on the market conditions.
New Developments in the Cost of Cooking Gas
The National Bureau of Statistics (NBS) has reported a significant rise in the average price of cooking gas. In September 2024, a 5kg cylinder of cooking gas cost N6,699.63, a 4.19 percent increase from the August price of N6,430.02. This also represents a staggering 59.90 percent increase compared to the September 2023 price of N4,189.96.
This information was contained in the NBS’s “Cooking Gas Price Watch” for September 2024, which was released on Friday.
The report shows that the highest average price for a 5kg cylinder of cooking gas was recorded in Rivers State at N7,285.71, followed closely by Gombe at N7,271.88 and Borno at N7,089.72. On the other hand, Kebbi recorded the lowest price at N5,950.00, with Kano and Benue at N6,133.33 and N6,143.52, respectively.
A regional analysis found that the North-East had the highest average retail price for 5kg of cooking gas at N6,929.02, while the North-West reported the lowest at N6,382.30.
The NBS also reported a 4.89 percent increase in the average retail price for refilling a 12.5kg cooking gas cylinder, which rose from N15,552.56 in August to N16,313.43 in September. On a year-on-year basis, this represents a dramatic 76.41 percent increase from the September 2023 price of N9,247.40.
