Latest US Dollar To Naira Black Market Rates Today, 10 August 2022

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ishat is the Dollar to Naira Exchange rate at the official CBN rate, aboki fx, and the black market? How much is the Dollar to Naira exchange rate on 9th August 2022? You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent, official CBN rate, black market, or parallel market rate.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

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The official rate on Tuesday, August 9th, 2022, for 1 dollar to naira = ₦429.58/$1.

According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦429.58/$1 on Tuesday 9th August and closed at ₦428.75 to $1.

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US Dollar to Naira Black Market Rate Today, 9th August 2022

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today

Buying Rate 660

Selling Rate 700

The US dollar to naira exchange rate changes hourly. The exchange rate fluctuates depending on the volume of dollars available and the demand for it. This means the exchange rate you buy and sell the dollar could be different hours later (high or low).

Nigeria Loses N891bn To Gas Flaring

A data released by the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill Detection and Response Agency, NOSDRA, on Sunday shows that Nigeria has lost N891bn to gas flaring in 18 months.

According to the data, Nigeria lost a total of N707bn in 2021 and N184bn in the first half of 2022, totaling N891bn.

According to the NOSDRA report, oil and gas companies operating in the country flared a total of 126 billion standard cubic feet, SCF, of gas in the first half of 2022, leading to a loss of $441.2 million, (about N183.54 bn) in the six-month period.

On the other hand, in 2021, about 23,862.271 barrels of oil (3,770,238.864 litres/119 tanker trucks) were spilled.

Brent International was sold for an average of $71 per barrel in 2021, bringing total revenue loss in that year to $1.7m.

The estimation put the equivalent of the volume of gas flared in the first half of 2022 to carbon dioxide, CO2 emission of 6.7 million tonnes in the oil producing areas, 4.56 per cent higher than the 120.5 billion SCF of gas flared in the second half of 2021, and capable of generating 12,600 gigawatts hours of electricity.

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