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SEE Black Market Dollar To Naira Exchange Rate Today – May 14, 2024

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2 years ago

May 14, 2024

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By Kayode Sanni-Arewa

The Dollar to Naira in the black market, also known as the parallel market (Aboki fx).

Below, you’ll see the black market Dollar to Naira exchange rate for May 13th. You can exchange your dollar for Naira at these rates.

Dollar to Naira Exchange Rate Today Black Market (Aboki Dollar Rate):
At the Lagos Parallel Market (Black Market), individuals are buying a dollar for N1500 and selling at N1515 on Monday, May 13th, 2024, according to sources at Bureau De Change (BDC).

Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and directs individuals interested in Forex transactions to approach their respective banks.

Today’s Dollar to Naira Black Market Rate:

Dollar to Naira (USD to NGN)

Black Market Exchange Rate Today

Buying Rate: N1500

Selling Rate: N1515

Today’s Dollar to Naira CBN Rate:

Dollar to Naira (USD to NGN)

CBN Rate Today

Buying Rate: N1456

Selling Rate: N1457

Keep in mind that the rates for buying or selling forex may differ from those mentioned in this article due to price variations.

Additionally, in a separate report, the cost of staple food items in Nigeria, such as rice, garri, yam, and beans, has surged by over 100 percent annually, causing significant financial strain on households nationwide. This increase is reflected in the latest Selected Food Price Watch for March 2024 released by the National Bureau of Statistics (NBS), indicating sharp rises in food prices amidst escalating inflation rates. For instance, the average price of 1kg of locally sold rice increased by 152.93 percent year-on-year from March 2023 to March 2024, reaching N1,340.74. Similarly, the price of 1kg of white garri rose by 112.34 percent year-on-year during the same period, reaching N749.89.

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Senator Wadada promises to deepen legislative ties, stop inactivity

Published

9 hours ago

July 9, 2026

EMMANUEL AGAJI

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The Chairman of the Senate Committee on Inter-Parliamentary Affairs, Senator Aliyu Wadada has promised to revive the committee’s activities after acknowledging concerns over its prolonged inactivity.

Wadada spoke on Thursday at the end of the committee’s meeting in Abuja.

Specifically, the chairman admitted that the committee had been underutilised, noting that it had met only once in the last three years.

He, however, said issues responsible for the situation had been identified during a closed-door session and would be addressed.

“Of course I feel concerned about it, but when we got into the details in a closed-door meeting, we got to know where the problems are, and they will all be taken care of. The committee will be as active as it should always be,” he said.

Commenting further, the chairman said the committee would focus on its core mandate of promoting and strengthening legislative relations between Nigeria’s National Assembly and parliamentary bodies across the world.

According to him, the committee will deepen engagement with regional and international legislative institutions, including the ECOWAS Parliament, the Pan-African Parliament, the Inter-Parliamentary Union (IPU), and other parliamentary organisations.

He disclosed that a new work plan had already been developed to guide the committee’s activities.

He added: “The direction is basically around the responsibilities of the committee, which is to promote and deepen legislative relationship within Nigeria and with other legislative bodies around the world”.

The chairman added that the committee’s first major activity would be a courtesy visit to the Speaker of the ECOWAS Parliament in Nigeria as part of efforts to strengthen inter-parliamentary cooperation.

SINL NIgeria Online reports that Senator Wadada assured that the public would be kept informed of the committee’s activities as the new work plan is implemented.

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Just in: FG jerks up salaries soldiers to N100k monthly

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9 hours ago

July 9, 2026

EMMANUEL AGAJI

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The Minister of Defence, Christopher Musa, has revealed that the minimum monthly salary of Nigerian soldiers has increased to N100,000 after the Federal Government reviewed their welfare package.

Musa made the disclosure during an interview with News Central ahead of his appearance on the NC Exclusive programme.

He said the adjustment was part of efforts by the government to improve the living conditions of military personnel.

Executive Branch

The former Chief of Defence Staff, however, said the country’s defence sector still requires more funding despite the improvement in soldiers’ earnings and welfare.

He stated that the current defence budget remains inadequate, adding that more resources are needed to effectively support the armed forces and their operations.

Musa explained that soldiers who previously earned about N49,000 monthly now receive at least N100,000 following the salary review carried out by the government.

The minister also called for tougher punishment for kidnappers, saying stronger measures are needed to reduce the increasing cases of abduction across Nigeria.