By Daniel Edu
Looking for the current Dollar to Naira exchange rate on the black market, also known as the parallel market (Aboki fx)? Check out the rates for September 15th below and find out how much a dollar is worth in Naira today.
**Today’s Dollar to Naira Exchange Rate (Black Market – Aboki Dollar Rate):**
In the Lagos Parallel Market (Black Market), traders are buying a dollar for N950 and selling it at N960 on Friday, September 15th, 2023, as reported by Bureau De Change (BDC) sources.
Please be aware that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market (black market). Individuals looking to engage in forex transactions are advised to approach their respective banks.
**Current Black Market Exchange Rates for Dollar to Naira**
– Buying Rate: N950
– Selling Rate: N960
Please note that the forex rates for buying and selling may vary from those mentioned in this article due to market fluctuations.
**Top Oil Companies’ Revenue Projections for Q4 2023**
Three prominent oil companies, namely MRS Oil Nigeria Plc, TotalEnergies Marketing Nigeria Plc, and Eterna Plc, have disclosed their revenue projections for the fourth quarter of 2023, totaling over N427.58 billion.
MRS Oil anticipates its Q4 revenue to reach N154.02 billion, with a projected profit before tax of N1.50 billion. The estimated tax amount is N487.61 million, resulting in an anticipated profit after tax of N1.02 billion. In terms of cash flow, the company expects net cash generated from operating activities to be N2.35 billion, and it predicts having N8.17 billion in cash and cash equivalents at the end of the third quarter.
For the first half of the year, MRS Nigeria reported revenue of N59.65 billion, marking nearly a 40 percent increase from N42.66 billion in H1 2022. Profit for the same period rose to N2.310 billion from N351 million.
TotalEnergies Marketing Nigeria Plc forecasts a Q4 revenue of N138.81 billion, with an expected profit before taxation of N2.31 billion. Income tax expenses are projected to be N748.766 million, resulting in a period profit of N1.56 billion.
