Via Naija News:
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 16th March, 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 N750 and sell at N754 on Thursday 16th March 2023, 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 (USD to NGN)||Black Market Exchange 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.
Fuel Scarcity, Hike In Prices Looms – Oil Marketers Warn
Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have warned that there might be incidences of fuel scarcity and price hikes due to incomplete delivery of Premium Motor Spirit, popularly called petrol.
According to them, there has been an uneven distribution of fuel to independent marketers in recent times from the Nigerian National Petroleum Company Limited (NNPCL). If not attended to, the development might lead to scarcity and cause price disparity in retail outlets.
Naija News gathered the marketers explained that the uneven distribution of fuel to many filling stations has compelled members to buy the product from retail outlets and owners of a tank farm at very high prices.
The marketers complained that marketers under IPMAN cover about 89 % of filling stations nationwide, yet independent marketers have been made the third tier in terms of the bulk distribution of petroleum products.
In his reaction to the development, the National President of IPMAN, Debo Ahmed, expressed worry about the issue saying downstream oil sector operators “must do something now to restore the depleted faith of independent marketers, especially at the Port Harcourt coastal depots.”