Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 6th October 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

See the black market Dollar to Naira exchange rate for 5th October, below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the black market?

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 N1665 and sell at N1674 on Saturday 5th 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 CBN Rate Today

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Crude-For-Loans: NNPC Allocates 8 Million Barrels Monthly For $8.8 Billion Debt Repayment – Report

The Nigerian National Petroleum Company Limited (NNPCL) has committed to supplying 272,500 barrels of crude oil per day to settle loans totaling $8.86 billion through a series of crude-for-loan agreements.

This means approximately 8.17 million barrels of crude oil will be used each month to fulfill various debt obligations.

This allocation is based on reports from the Nigeria Extractive Industries Transparency Initiative (NEITI) and NNPCL’s financial statement.

Key projects tied to these deals include Project Panther, Project Bison, Project Eagle Export Funding, Project Yield, and Project Gazelle.

According to The PUNCH’s findings, as of now, NNPCL has repaid $2.61 billion of its total loan portfolio, leaving a balance of $6.25 billion.

Despite the total $8.86 billion credit facility, only $6.97 billion has been disbursed across seven crude-for-loan deals.