Current Black Market Exchange Rate: Dollar to Naira (Aboki Fx)
Find the latest exchange rate for 28th November below. You can exchange your US dollars for Nigerian naira at these rates.
What’s the Current Exchange Rate in the Parallel Market?
Dollar to Naira Exchange Rate in the Black Market (Aboki Dollar Rate)
According to sources at Bureau De Change (BDC), the parallel market players buy a US dollar for N1745 and sell it for N1750 on 28th November 2024. Please note that this is not recognized by the Central Bank of Nigeria (CBN), which advises individuals interested in foreign exchange to approach their respective banks.
Get the Latest Black Market Exchange Rate Below
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1745 |
| Selling Rate | N1750 |
CBN’s Official Rate
| Dollar to Naira (USD to NGN) | CBN’s Official Rate Today |
| Buying Rate | N1679 |
| Selling Rate | N1680 |
Remember that exchange rates may vary depending on your location and the vendor. Keep in mind that the rates listed here may not be the same as your experience.
There is good news on the horizon for Nigerian fuel users. Petroleum marketers are projecting a potential reduction in the price of Premium Motor Spirit (PMS), also known as petrol, to between N900 and N1,000 per liter by the Yuletide season. This is thanks to the intervention of Dangote Refinery.
The President of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) and the spokesperson of the Independent Petroleum Marketers Association of Nigeria (IPMAN) both shared this optimism in separate interviews with Daily Post on Monday.
The price reduction will be the result of Dangote Refinery’s recent decision to cut its ex-depot petrol price by N20, from N990 to N970 per liter. The company states that this move is a gesture of appreciation to Nigerians for their support.
The potential impact of this price reduction on the downstream petroleum market is significant, according to Billy Gillis-Harry. He highlighted that it could lead to further price cuts in the coming weeks.
This development follows weeks after Dangote Refinery’s agreement with Nigerian oil marketers to facilitate direct petrol purchases, which is expected to streamline supply chains and reduce end-user costs.
