Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1720 and sell at N1725 on Tuesday 22nd October 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 Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1720 |
| Selling Rate | N1725 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1639 |
| Selling Rate | N1640 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
NNPC, Chevron Discover Crude Oil In Niger-Delta
The NNPC Limited and Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has announced a significant oil discovery with the successful drilling of the Meji NW-1 well in Petroleum Mining Lease (PML) 49, located in the shallow offshore region of the Western Niger Delta.
The area, which now operates under the terms of the Petroleum Industry Act (PIA) 2021, remains a vital component of Nigeria’s energy production sector.
In a statement released on Friday, Chevron’s General Manager of Policy, Government, and Public Affairs, Olusoga Oduselu, confirmed the development, stating that the well was spud on September 2, 2024, and reached a total depth of 8,983 feet by September 13.
The well encountered approximately 690 feet of hydrocarbons within Miocene sands, extending the productive Meji field.
The drilling operations were completed on October 2, and the rig has since departed the location.
“This achievement aligns with Chevron’s commitment to advancing its Nigerian resources,” the statement read, highlighting that the discovery fits into the company’s broader global exploration strategy. This strategy focuses on “discovering new resources that extend the lifespan of existing production assets and reduce development cycle times.”
