What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
Dollar to naira exchange rate today black market (Aboki dollar rate):
Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
Buying Rate | N1640 |
Selling Rate | N1680 |
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) | CBN Rate Today |
Buying Rate | N1600 |
Selling Rate | N1601 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
FG removes VAT on diesel, CNG, electric vehicles, others to crash prices
In other news , The Federal Government of Nigeria has announced value-added tax (VAT) exemptions for various energy products, including diesel, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), and electric vehicles, among others, to reduce prices.
This is contained in a statement by The Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun, on Wednesday.
According to Edun, these measures aim to reduce the cost of living, enhance energy security, and speed up Nigeria’s shift to cleaner energy sources.
The VAT Modification Order 2024 introduces exemptions on a range of key energy products and infrastructure, including Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment.
“These measures are designed to lower the cost of living, bolster energy security, and accelerate Nigeria’s transition to cleaner energy sources,” the statement read in part”