See the black market Dollar to Naira exchange rate for 1st September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1640 and sell at N1650 on Sunday 1st September 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 (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1640 |
| Selling Rate | N1650 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1597 |
| Selling Rate | N1598 |
The global concrete and cement market is projected to grow by $438.3 billion between 2024 and 2028, according to a recent report by Technavio.
The industry is expected to expand at a compound annual growth rate (CAGR) of over 6.36% during this period.
Key factors driving this growth include the booming global construction market, rapid urbanization, and increasing disposable incomes.
However, rising construction costs are identified as a significant challenge to the market’s expansion, as highlighted in the report seen by Naija News.
The report emphasizes that economic developments in countries such as India, Vietnam, Malaysia, China, and Qatar have led to a significant increase in consumer disposable income and accelerated urbanization.
This economic progress is boosting spending on both residential and non-residential infrastructure projects.
For instance, data from the World Bank Group reveals that China’s GDP per capita rose from $9,976.68 in 2018 to $10,261.68 in 2019, while India’s GDP per capita grew from $2,005.86 in 2018 to $2,099.60 in 2019.
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