At the Lagos Parallel Market (Black Market), according to sources at the Bureau De Change (BDC), players buy a dollar for N1555 and sell at N1560 on Friday, 12th July 2024>>>CONTINUE FULL READING HERE....CONTINUE READING THE ARTICLE FROM THE SOURCE
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has directed individuals who want to engage in Forex to approach their respective banks.
### Dollar to Naira Exchange Rates
| Exchange Rate Type | Buying Rate | Selling Rate |
| Black Market | N1555 | N1560 |
| CBN Rate | N1559 | N1560 |
Please note that the rates at which you buy or sell forex may differ from what is captured in this article as prices can vary.
NMDPRA Assures 20 Days Petroleum Sufficiency
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), in a meeting with President Bola Tinubu, has assured that there is a guarantee of 20 days of petroleum sufficiency for the country.
The Chief Executive Officer of NMDPRA, Farouk Ahmed, announced this on Tuesday after meeting with the President to discuss the fuel scarcity affecting Abuja and other parts of Nigeria. Ahmed explained that the fuel scarcity was caused by logistics disruptions due to rough seas and flooding in Lagos.
Ahmed stated that the 20 days of sufficiency includes 12 days offshore and over 8 days onshore.
“I briefed the President that we have like 20 days of petroleum sufficiency, 12 days offshore and over 8 days onshore,” Ahmed said.
He further explained that the volatile nature of the high seas at the time prevented the continuation of offshore, ship-to-ship loading, which contributed to the scarcity.>>>CONTINUE FULL READING HERE
