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See what Happens To Black Market To Naira (NGN) Against Dollar (USD)Exchange Rate Today 14th June 2024

Published by Tope Fakinlede on June 14th, 2024.

See what Happens To Black Market To Naira (NGN) Against Dollar (USD)Exchange Rate Today 14th June 2024

Black Market Dollar (USD) to Naira (NGN) Exchange Rate for June 14, 2024

What is the current exchange rate for Dollar to Naira in the black market, also known as the parallel market (Aboki fx)? Below is the black market exchange rate for Dollar to Naira on June 13th. These rates reflect the value at which you can exchange your dollars for Naira.

Today’s Dollar to Naira Black Market Exchange Rate (Aboki Dollar Rate):

At the Lagos Parallel Market (Black Market), currency traders are buying dollars at N1480 and selling them at N1490 on Thursday, June 13, 2024, according to sources from the Bureau De Change (BDC).

Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market). The CBN advises individuals seeking foreign exchange to approach their respective banks. The rates at which you buy or sell forex may differ from those mentioned here due to price fluctuations.

**Nigeria’s Crude Oil Production Declines to 1.25 Million Barrels Per Day**

In May, Nigeria’s crude oil production fell to a new low of 1.25 million barrels per day, as reported by the Organization of Petroleum Exporting Countries (OPEC). According to OPEC’s June report on the global oil market, this represents a 2.34% decrease from the 1.28 million barrels per day recorded in April.

OPEC’s data was obtained through direct communications with Nigerian officials. The organization gathers information on crude oil production from two primary sources: direct communication with member countries and secondary sources, such as energy intelligence platforms.

The report further indicated that Nigeria’s production levels were at 1.3 million barrels per day at the end of the fourth quarter of 2023 and the beginning of 2024.