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SEE Black Market Dollar To Naira Exchange Rate Today Tuesday 11 June 2024

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By Kayode Sanni-Arewa

 

Market Dollar To Naira Exchange Rate Today Tuesday 11 June 2024 Can Be Accessed Below.

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.

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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 N1480 and sell at N1485 on Monday 10th June 2024, according to sources at Bureau De Change (BDC).

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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.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)

Black Market Exchange Rate Today

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Buying Rate N1480

Selling Rate N1485

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)

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CBN Rate Today

Buying Rate N1447

Selling Rate N1448

How does the black market dollar-to-naira exchange rate compare to the official rate?

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The official exchange rate of the US dollar to the Nigerian naira, as of today, 11 June 2024, is N1500 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.

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‘He was our bread winner’: Dad laments 28-Year-Old Lieutenant Killed in Oyo School Rescue Mission

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The family of Lieutenant Felix Ademe Isaac, the 28-year-old Nigerian Army officer killed during the operation that rescued abducted teachers and pupils in Oyo State, has expressed deep grief, describing his death as a painful loss to both the family and the nation.

Lt. Isaac lost his life while leading troops during the military operation that secured the release of dozens of abducted teachers and schoolchildren from Oriire Local Government Area of Oyo State after 56 days in captivity.

His father, Mr. Isaac Alabura, a retired Master Warrant Officer, said the family was still struggling to come to terms with the tragedy.

Speaking to Daily Trust at his residence in Bachure Quarters, Yola, Adamawa State, Alabura described his late son as “the hope of the family and the community.”

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After 56 Days in Captivity, Oriire Parents Scared of Sending Rescued Kids Back to School

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Parents of pupils kidnapped from schools in Oriire Local Government Area of Oyo State have expressed deep fears about returning their children to the classrooms, saying the traumatic experience of spending 56 days in captivity has left families unwilling to take further risks despite the successful rescue of the victims.

The pupils were among 39 schoolchildren and seven teachers, including a school principal, kidnapped when heavily armed terrorists attacked three schools in the Ahoro-Esiele and Yawota communities on May 15, 2026. Two teachers were killed during the incident, while the survivors were taken into forests around the Old Oyo National Park before security forces rescued them on July 10 after an intensive multi-agency operation.

Speaking after the victims regained their freedom, some parents said although they remain grateful to God, the Federal Government and security agencies for the rescue, the emotional scars left by the ordeal have made an immediate return to school difficult.

One parent said the fear among families remains overwhelming, stressing that parents must first be convinced the schools are secure before allowing their children to resume classes. Another relative, Basirat Adigun, noted that no parent wants to expose a child to another similar experience, insisting that visible and effective security measures must be put in place around the affected schools and communities.

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Gunmen Kidnap 60-Year-Old Headmaster In Oyo, Demand N30m Ransom

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A 60-year-old headmaster of Nomadic Basic School, Igbojaye, in Itesiwaju Local Government Area of Oyo State, Mr. Matthew Kolawale Owoade, popularly called “Onaiye”, has reportedly been kidnapped by unidentified gunmen.

It was gathered that the incident happened on Saturday evening, July 11, 2026, between 5:00 p.m. and 6:00 p.m.

According to his son, Mr. Abiola Owoade, the headmaster was on his way back from his farm when he was stopped and taken away by armed men.

Shortly after the abduction, the kidnappers allegedly called the family with the victim’s phone and demanded Thirty Million Naira (N30,000,000) for his release.

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At about 8:20 a.m. on Sunday, July 12, 2026, a search team found the victim’s motorcycle abandoned in a bush.

Members of the family, colleagues, and the entire education community in Itesiwaju LGA have expressed sadness over the incident. They have called on the Nigeria Police Force, the Department of State Services (DSS), the Nigeria Security and Civil Defence Corps (NSCDC), and other security agencies to act fast to secure Mr. Kolawale’s immediate and unconditional release.

The public has also been urged to provide any information that could help ensure his safe return.

Confirming the incident, the Oyo State Police Command spokesperson, DSP Olayinka Ayanlade, said: “I can confirm to you that a farmer Mr. Owoade Mathew was kidnapped at his farm in Budo Aare and efforts are on to rescue the man unhurt and perpetrator arrested.”

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