By Daniel Edu
The current exchange rate for the Dollar to Naira in the black market, also known as the parallel market or Aboki fx, is as follows:
Buying rate: N855 per Dollar
Selling rate: N865 per Dollar
These rates were recorded on Sunday, 23rd July 2023, based on information from Bureau De Change (BDC) sources in Lagos Parallel Market (Black Market).
It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals interested in Forex transactions to approach their respective banks.
Please be aware that the forex rates can vary, and the prices at which you buy or sell currency may differ from those mentioned in this article.
Fuel Subsidy, Climate Change, and the Future of Electric Vehicles in the Mobility Industry
During the recent National Economic Council (NEC) meeting in Abuja, Vice-President Kashim Shettima addressed the issue of petrol subsidy removal and sparked a significant discussion about the future of mobility, particularly focusing on CNG-powered mobility and the increasing importance of electric vehicles (EVs).
The federal government, under Shettima’s guidance, expressed a strong commitment to promote the widespread use of compressed natural gas (CNG) vehicles for public transportation in all states. Additionally, there are plans to establish autogas conversion plants/kits across the country in the short-term.
Furthermore, the government aims to embrace electric buses and cars, fostering the development of charging infrastructure nationwide. As the global community grapples with climate change and the urgent necessity to adopt more sustainable transportation solutions, the exploration of CNG-powered vehicles and EVs becomes even more crucial.
