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 20th November, 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 N782 and sell at N785 on Sunday 20th November 2022, 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 | N782 |
| Selling Rate | N785 |
Three international oil and gas companies have signed a Memorandum of Understanding for the establishment of the first Floating Liquefied Natural Gas facility in Nigeria.
The FLNG, whose construction will cost $5bn will have a capacity of 1.52 million tonnes per annum and is expected to process 176 million standard cubic feet of natural gas per day, as well as condensate.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, stated this on Wednesday during the signing ceremony of the Front End Engineering Design contract between UTM Floating LNG Limited, JGC Corporation, Technip Energies & Kellog Brown & Root Engineering Companies, for the development of the first Floating Liquefied Natural Gas facility in Nigeria.
He explained the Petroleum Industry Act 2021 was currently improving the sector’s reputation in Nigeria, paving the way for new investments, creating jobs, supporting the economic diversification agenda and strengthening Nigeria’s ability to fulfil the world’s expanding energy demand.
“There are generous incentives to enable development, distribution, penetration, and utilisation of gas. And this is why the UTM Offshore project will involve the development and financing of a 1.52 million tonnes per annum FLNG facility with a capacity to process 176 million standard cubic feet of natural gas per day and condensate,” Sylva stated.
He added, “I am aware that the UTM FLNG unit will also target the processing of associated gas currently flared in order to cut carbon emissions and monetise additional reserves for the domestic and global markets, which aligns with the Federal Government’s gas flare commercialisation program and the decade of gas agenda.”
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