What is the current exchange rate of the US Dollar to the Nigerian Naira in the black market, also known as the parallel market (Aboki fx)? Please provide the exchange rate for 1st March. Below are the black market exchange rates for converting US Dollars to Nigerian Naira.
You can exchange your dollars for Naira at these rates. Can you tell me the current exchange rate of the US Dollar to the Nigerian Naira at the black market today? Here is the current exchange rate for converting US Dollars to Nigerian Naira at the Lagos Parallel Market (Black Market) as of Friday 1st March 2024: players buy a dollar for N1585 and sell at N1600 according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not acknowledge or recognize the parallel market (black market). The CBN 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 |
| Buying Rate | N1585 |
| Selling Rate | N1600 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 1543 |
| Selling Rate | 1544 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Dangote Cement Plc, Nigeria’s leading cement manufacturer, has announced a remarkable financial performance for the year ended December 31, 2023, showcasing substantial growth in profitability and revenue.
The company reported a profit after tax of N455.58 billion in its annual financial report, marking a significant 19.7% increase from the previous year.
The company’s financial results indicate a robust year of operations, with full-year group revenue reaching N2.208 trillion, up 36% from N1.618 trillion recorded in 2022.
This impressive revenue growth underscores Dangote Cement’s strong market presence and operational efficiency amidst challenging economic conditions.
Net profit for the group also saw a notable increase, rising by 19% to N456 billion, compared to N382 billion in the preceding year. Earnings per share followed suit, climbing 19% to N26.47 from N22.27 in 2022.