The price of Liquefied Petroleum Gas LPG locally called cooking gas has dropped to Between N500 and N650 from N850 in major cities across the country.
This is a good news for many Nigerians who are converting their power generators from use of premium motor Spirit PMS to compressed Natural Gas CNG and LPG in the wake of hike in petrol pump price arising from subsidy removal by the President Bola Ahmed Tinubu’s administration.
A Lagos resident who confirmed the development to IgbereTV said:
“I bought it at N670 early last month.Today the bike man took me to a filling station here in Berger where they sell it for N500.
“When he first told me that it’s N500 per kg, I didn’t believe him until I got there.”
Meanwhile, below are the prevailing Black market (Parallel market) also locally known as ‘Aboki FX’ exchange rates for today Wednesday July 5, 2023 for the Dollar, Euro, Pounds and other foreign currencies as obtained in Lagos, Abuja and Kano markets.
Following the new policy of the Central Bank of Nigeria under President Bola Ahmed Tinubu, to float the exchange rate of the Naira against the united states’ dollar and other foreign currencies, IgbereTV will be bringing you updates as observed in the parallel market.
It is important to note that the rates you buy or sell forex may differ from what is captured in this report because prices fluctuate and can change in minutes depending on market forces
Below are the average prices observed in the forex black market also known as Aboki FX’ in Lagos, Abuja and Kano Today Wednesday July 5, 2023.
Dollar to Naira (USDNGN) Today
Buying N780
Selling N775
Euro to Naira (EURNGN) Today
Buying N 842
Selling N 827
Pounds to Naira (GBPNGN) Today
Buying N1010
Selling N999
CAD to Naira (CADNGN) Today
Buying N630
Selling N610
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