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 4th August 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 N885 and sell at N895 on Friday, 4th August 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 (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N885 |
| Selling Rate | N895 |
As part of the search for cleaner and cheaper fuel following the removal of fuel subsidy, the Nigerian National Petroleum Company (NNPC) Limited has unveiled plans to roll out Compressed Natural Gas (CNG) filling stations across the country.
The petroleum company, as gathered by Naija News, has partnered with NIPCO Gas Limited to construct the CNG stations to be ready in the first quarter of 2024.
In a statement issued on Thursday by the NNPCL Chief Corporate Communications Officer, Garba Deen Muhammad, the company targets the construction of 35 states of the CNG station across the federation with three mother stations.
The NNPCL noted that the initiative would not only provide cheaper alternative fuel but would serve about 200,000 Nigerians daily when completed.
“This landmark collaboration aims to expand our CNG infrastructure, improve access to CNG, and accelerate the adoption of cheaper and cleaner alternative fuel for buses, cars, and Keke NAPEP, which will significantly reduce the cost of transportation and engender sustainable national economic growth.
“Under the NNPC-NIPCO strategic partnership, 35 state-of-the-art CNG stations will be constructed nationwide, including three (3) Mother stations.”
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