Black Market Dollar To Naira Exchange Rate Today 22nd November 2022

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 21st November, below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the black market?

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 N773 and sell at N785 on Monday 21st 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 Black Market Rate Today

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

FG Seeks Investment For 213 Identified Gas Blocks

As part of efforts to harness the nation’s gas endowment, the Federal Government has listed 213 gas blocks open for investments.

Naija News learnt that the information contained in a report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reveals that the 213 identified gas blocks are located in various parts of the country including Chad.

Other locations of the listed gas blocks are in Niger Delta, Anambra, Benue Trough, Bida, Dahomey and Sokoto.

The NUPRC report, which is titled “Nigeria’s Cretaceous Basins: The Potentials for Gas,” also revealed that 69 of the listed gas blocks were discovered in the Niger Delta basin, 41 in Benue Trough, 40 in Chad, 28 in Sokoto, 17 in Bida 12 and six in Anambra and Dahomey respectively.

Recall that the Federal Government in April 2022 said Nigeria’s 206 Trillion Cubic Feet (TCF) of gas is now valued at $803.4 trillion, making the nation the most extensive gas resource in Africa.

Also, the government through the National Gas Expansion Programme, declared the years 2020 to 2030 the decade of gas, as the product has been identified to be the nation’s transitional fuel.

Naija News as well gathered that the Nigerian government already has 60 gas basins under the Oil Prospecting Licences, with 44 listed in the Niger Delta, five in Anambra, two in Benue Trough, six in Chad, and three in Dahomey.

The reports further revealed that 115 gas wells had also been allocated under Oil Mining Licenses, noting that 112 of this figure are located in the Niger Delta, while two are found in Anambra and one in Dahomey.

The NUPRC report observed that the nation’s cretaceous basins hold a promising future for the country’s oil and gas industry, as it offers a pathway for Nigeria to decarbonise while ensuring energy security.