Black Market Dollar to Naira Exchange Rate: What You Need to Know
Stay updated on the latest black market dollar to naira exchange rate for November 25th. This rate allows you to swap your dollars for naira at the current prices.
Today’s Black Market Dollar to Naira Rate
Parallel Market Exchange Rate: Dollar to Naira
According to Bureau De Change (BDC) sources, the black market exchange rate for Lagos parallel market players is buying dollars at N1752 and selling at N1755 on November 25th, 2024.
Keep in mind that the Central Bank of Nigeria (CBN) does not recognize the parallel market and has directed individuals to approach their respective banks for forex transactions.
Black Market Exchange Rate for November 25th
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate |
| Buying Rate | N1752 |
| Selling Rate | N1755 |
CBN Rate: Dollar to Naira
| Dollar to Naira (USD to NGN) | CBN Rate |
| Buying Rate | N1664 |
| Selling Rate | N1665 |
Important Note: Exchange rates may vary depending on the market and your specific transaction.
As Nigeria struggles with rising living costs, the National Bureau of Statistics (NBS) has reported a significant increase in the price of kerosene. This adds to the burden faced by Nigerian households.
The NBS’s latest Price Watch report shows that the average retail price of kerosene per litre has risen 3.07% month-on-month and 54.81% year-on-year, with the North Central region experiencing the highest average retail prices.
Resident in Abuja, Kaduna, and Akwa Ibom are paying some of the highest prices for the fuel.
The report highlights that the average retail price of Household Kerosene (HHK) in October 2024 reached ₦1,957.44 per litre, a 3.07% increase from the previous month. Year-on-year, the price has surged by 54.81% from ₦1,303.16 in October 2023.
The average retail price per gallon of kerosene also saw an uptick, rising by 1.94% to ₦6,949.75 in October 2024, compared to ₦6,818.11 in September 2024. This represents a 51.68% increase from ₦4,581.89 in October 2023.
State-wise, Abuja recorded the highest average price per litre in October 2024, at ₦2,875.00, followed by Akwa Ibom at ₦2,518.89, and Kaduna at ₦2,500.79.
