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SEE Black Market Dollar To Naira Exchange Rate Today Monday 27 May 2024
Bu Kayode Sanni-Arewa
You can access Monday 27 May 2024 rates Below:
IMPORTANT NOTE: The exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. It means that…you can buy or sell 1 dollar at a certain rate and the price can change (high or low) within hours.
NewsRain Nigeria has obtained the official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
As of now, you can purchase 1 dollar at a certain rate now, however, it’s important to keep in mind that the rate can shift (either upwards or downwards) within hours.
What is the dollar to naira exchange rate today?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1515 and sell at N1520 on Sunday 26th May 2024, according to sources at Bureau De Change (BDC).
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today
Buying Rate N1515
Selling Rate N1520
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN)
CBN Rate Today
Buying Rate N1481
Selling Rate N1482
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
How does the black market dollar-to-naira exchange rate compare to the official rate?
The official exchange rate of the US dollar to the Nigerian naira, as of today, 27 May 2024, is N1520.40 per US dollar.
This is the rate that the CBN uses for its transactions and interventions in the foreign exchange market. The official rate is also the basis for the exchange rates of other foreign currencies, such as the euro, the pound sterling, and the Chinese yuan
The difference between the black market rate and the official rate is called the parallel market premium. The parallel market premium indicates the degree of divergence between the official and unofficial markets and reflects the level of confidence in the naira and the CBN’s policies.
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Disclaimer: NEWSRAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
News
Watch moment FCT minister Wike campaigns for Tinubu, Aduda
…Vote Tinubu for President
Vote Aduda for Senate
Federal Capital Territory FCT minister Nyesom Wike has started campaigning for President Bola TInubu and Phillip Aduda in Abuja.
Watch the FCT Minister, Nyesom Wike, telling the people of Tungan Shanu village during the inspection of the ongoing construction of the road linking Tungan Madaki with Zuba Road today to vote President TInubu and Aduda for Senate.
News
Court Directs INEC to Recognise NDC’s Two-Finger Logo
The Nigeria Democratic Congress (NDC) says its Presidential Campaign Council (PCC) will soon be inaugurated as the party intensifies preparations for the 2027 general elections.
The party disclosed this in a statement signed by its National Publicity Secretary, Osa Director Esq., on September 21, 2026.
According to the statement, the NDC is currently consulting with relevant stakeholders to develop and inaugurate what it described as a robust Presidential Campaign Council.
The party said its Presidential Candidate, Mr Peter Obi, and Vice-Presidential Candidate, Dr Rabiu Musa Kwankwaso, had held several meetings with the National Leader and leadership of the party as part of the process.
The NDC said Obi and Kwankwaso had been given the opportunity to nominate key officials of the campaign council in consultation with the party.
Those positions include the Director-General of the Campaign, Deputy Director-General (North), Campaign Spokesman, Deputy Spokesman, Head of New Media, Finance Director, Deputy Finance Director and other positions.
The party said the arrangement was designed to promote inclusiveness and cohesion within the campaign structure.
It added that a full organogram of the campaign structure had been developed since August and made available to Obi and Kwankwaso for their input, while nominations had also been received from other stakeholders across the country.
The NDC said it would announce and inaugurate the PCC after receiving the inputs of the presidential and vice-presidential candidates.
It also disclosed that a campaign timetable had been proposed since August, with arrangements for campaign funding and fundraising still being concluded.
According to the party, funds raised for the presidential campaign would be paid into the presidential campaign account and managed by officers nominated by the presidential candidate and his running mate alongside the party’s National Treasurer.
The party said the PCC inauguration, initially scheduled for the first week of September, was postponed because of the travel schedule of the presidential candidate.
Meanwhile, the NDC has directed its state and Local Government Area (LGA) chairmen to commence the compilation and harmonisation of party agents ahead of the 2027 elections.
The directive, according to the party, is in line with the Electoral Act, 2026, and requires state and LGA chairmen to meet with candidates and relevant stakeholders to produce comprehensive lists of agents.
The agents will be divided into two categories: those for National Assembly elections and those for governorship and State Assembly elections.
The party said the lists would be scrutinised and ratified by its leadership, including the presidential candidate and his running mate, before training commences.
The exercise is expected to be completed and the final lists submitted within two weeks of the directive.
The committee responsible for the appointment of party agents is chaired by the NDC Deputy National Chairman (South), Comrade Babatunde Alli. Vin Martin Ilo serves as secretary, while Dr Yunusa Tanko, Nafiu Dankura and the National Vice Chairmen of the six geopolitical zones are members.
The party also appealed to its candidates at all levels to discourage supporters and support groups from engaging in internal battles, urging them instead to concentrate on winning the elections.
“There are no battles to fight within the NDC,” the party stated, identifying the ruling All Progressives Congress (APC) as its common opponent.
The NDC said it remained committed to supporting its candidates and urged them to focus on winning elections, stressing that its candidates were contesting under the party and not as independent candidates.
The party expressed its desire for all its candidates to win their respective elections and called on members and supporters to remain focused on the 2027 electoral contest.
News
Wike Hails First Lady Oluremi Tinubu At 66, Says “She’s a pillar of support for Nigerians”
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has described the First Lady of Nigeria, Senator Oluremi Tinubu, as a major pillar of support for President Bola Tinubu in particular and Nigerians, especially the vulnerable ones in general.
The FCT Minister, in a goodwill message to the First Lady on her 66th birthday, commended her for the transformation of the Abuja City Gate, saying “the roles the First Lady played in transforming the Abuja City Gate into how it is today, is a manifestation of her commitment to the success of her husband’s administration.”
In a statement by his Senior Special Assistant on Public Communications and Social Media, Lere Olayinka, the Minister also hailed the First Lady’s Renewed Hope Initiative, noting that it has brought succor to several vulnerable Nigerians in the last three years.
Wike said; “At 66, the simple way of life of the First Lady, Mrs Oluremi Tinubu, CON, has remained an inspiration to women in the country, and it is my prayer that God will continue to uphold her.
“Most importantly, this new age is a confirmation of God’s love for her, and I pray that the good Lord will continue to grant her good health.
“I celebrate and rejoice with our ever caring and development oriented First Lady on the attainment of this significant age in her life and wish her many more years of service to our country, Nigeria.”
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