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Fuel Scarcity and Price Hike Woes Continue: IPMAN Reacts to Petrol Shortage A new wave of fuel prices has hit Nigeria, with the Independent Petroleum Marketers Association of Nigeria (IPMAN) coming out to address the issue. The association claims that the price of fuel from Dangote Refinery is higher than from other sources, leading them…
Uncovering the Dollar to Naira Exchange Rate at the Black Market Get the current black market exchange rate for the 1st of November and learn how to swap your dollar for naira at these rates. Dollar to Naira Exchange Rate Today: Uncovering the Parallel Market According to reliable sources at Bureau De Change, as of…
Update: Petrol Scarcity, Fuel Price Hike, and Stakeholders’ Reactions in Nigeria The recent increase in fuel prices in Nigeria has continued to spark controversy and frustration among citizens. Naijawebinfo brings you the latest updates on the ongoing petrol scarcity, fuel price hike, and reactions from the government and citizens. A recent statement from the Dangote…
Current Black Market Exchange Rate: Dollar to Naira If you’re looking to exchange your US dollars for Nigerian nairas, here’s the current rate at the parallel market, also known as the black market. As of November 31st, 2024, the rate is as follows: Avoid the Banks: Get the Best Rate Here For a dollar, you…
Nigerians Groan Under Fuel Price Hike as Concerns Mount Over Fuel Scarcity and Repercussions As fuel prices continue to rise, Nigerians are increasingly chafing under the weight of the new costs. The Nigerian National Petroleum Company (NNPC) Limited has hiked prices yet again, and the effects are being felt at the pump. Organised Labour has…
Dangote Refinery dismisses IPMAN’s claim of difficulties loading refined products In a statement released on Thursday, Dangote Refinery refuted the claim by the Independent Petroleum Marketers Association of Nigeria (IPMAN) that its members are experiencing difficulties loading refined products from its facility. The refinery emphasized that it does not have a direct dealings with IPMAN,…
Uncovering the Truth about the Dollar to Naira Exchange Rate at the Black Market As of October 30th, 2024, the black market dollar to naira exchange rate is available below. You can exchange your dollar for naira at these rates. What’s the Dollar to Naira Rate at the Parallel Market? Dollar to Naira Exchange Rate…
Aliko Dangote’s Fortune Soars to $27.8 Billion on Success of Multi-Billion-Dollar Oil Refinery A significant surge in his net worth, reported by the Bloomberg Billionaires Index, has propelled Dangote to the 65th position on the global rich list. This remarkable jump of $15.1 billion since October 18 has catapulted Dangote to the top 100, making…
What’s the Current Dollar to Naira Exchange Rate in the Black Market? Get the latest rates for swapping your dollars for naira on the black market, without leaving out any details! What’s the Dollar to Naira Rate Today in the Black Market? The Unofficial Dollar to Naira Rate As of October 17th, 2024, the black…
World Bank Warns Against Reversing Nigeria’s Economic Reforms The World Bank has cautioned the Nigerian government against reversing its ongoing economic reforms, which have elicited strong public discontent due to immediate hardship caused by the removal of fuel subsidies and multiple foreign exchange systems. However, the World Bank insists that these reforms are crucial for…
The Ever-Changing Dynamics of the Black Market: Dollar to Naira Exchange Rate The unrelenting fluctuations in the dollar to naira exchange rate continue to make headlines, with the latest update from the parallel market revealing a new price point. As of October 16th, 2024, the current rate stands at N1695 for buying and N1705 for…
Dollar to Naira Exchange Rate at the Black Market (Aboki FX): Latest Update Are you interested in converting your dollar to naira at a competitive rate? Here’s the latest update on the black market exchange rate, also known as the parallel market or Aboki FX. Please note that the Central Bank of Nigeria does not…
About the Black Market Dollar to Naira Exchange Rate The black market, also known as the parallel market, is where individuals can swap their dollars for naira at variable exchange rates. Here, you can see the current rates in operation on October 12th, 2024. What’s the Current Dollar to Naira Rate in the Parallel Market?…
Independent Petroleum Marketers Association of Nigeria, IPMAN, is nearing crucial discussions with Dangote Petroleum Refinery to finalize agreements on cost and lifting of petrol from the state-of-the-art plant. Sources close to the matter have revealed that Dangote Petroleum Refinery has asked the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) to resubmit its request for…
Soaring Gas Prices: Cooking Gas Floods the Market at ₦1,500 per Kilogram The recent surge in prices of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has left many Nigerian consumers reeling. Market trends suggest that the cost of this essential household item has reached a staggering ₦1,500 per kilogram, with many residents of…
Get the Latest Black Market Dollar to Naira Exchange Rate Looking for the latest exchange rates for the US Dollar (USD) in Naira (NGN) at the black market? Look no further! Here’s the latest update as of October 30th, 2024. What is the Dollar to Naira Exchange Rate Today in the Black Market? According to…
Nigeria’s Fuel Crisis Reaches New Heights: Updates, Reactions, and the Government’s Long-Term Plan The Nigerian government, under the administration of President Bola Tinubu, has taken a bold step by increasing the price of petrol, causing a stir among citizens already grappling with economic challenges. As a result, residents in Lagos and Abuja can expect to…
**Current Black Market Exchange Rate: Dollar to Naira (Aboki Fx)** As of October 14th, 2024, the black market exchange rate for dollars to naira is as follows. These rates are used by vendors to exchange dollars for naira. **Black Market Exchange Rate Today** Buying Rate: N1696 Selling Rate: N1700 **Important Note:** Please be aware that…
Nigeria’s Naira Ranks Among the Weakest Currencies in Sub-Saharan Africa A recently published report by the World Bank has identified the Nigerian naira as one of the least-performing currencies in Sub-Saharan Africa so far this year. In August 2024, the naira had lost around 43% of its value, putting it alongside the Ethiopian birr and…
A Boost for the Naira: Nigeria’s Currency Sees Significant Appreciation In a welcome development, the Nigerian currency, the Naira, appreciated by N10 against the US dollar in the parallel market yesterday, trading at a rate of N1,680 per dollar. This marks an improvement from last weekend’s rate of N1,690 per dollar, according to reports from…
