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Black Market Dollar To Naira Exchange Rate Today Sunday 16 June 2024

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By Kayode Sanni-Arewa

SEE Black Market Dollar To Naira Exchange Rate Today Sunday 16 June 2024 Can Be Accessed Below.

NOTE PL: 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.

The official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates.

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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?

The local currency (abokiFx) opened at ₦1,550 per $1 at the parallel market otherwise known as the black market, today, Sunday, 16 June 2024, in Lagos Nigeria, after it closed at ₦1,530.00 per $1 on Saturday, 15 June 2024.

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Dollar to Naira (USD to NGN)

Black Market

Exchange Rate Today

Buying Rate of $1 ₦1500

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Selling Rate of $1 ₦1,550

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, 16 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.

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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.

Disclaimer: 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.

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Sad: Gunmen kill Miyetti Allah chairman two sons

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Two sons of the South-East Zonal Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Alhaji Haruna Sale, have been killed after gunmen attacked a cattle settlement in Oheoyya Community, Ezeagu Local Government Area of Enugu State.

The attackers also reportedly slaughtered about 40 cattle belonging to members of the association during the incident.

The attack was said to have happened at about 5:00 p.m. on Saturday, July 25, 2026, when armed men invaded the settlement and opened fire on the residents.

The victims were identified as Ahmadu and Umaru, who were both sons of the MACBAN zonal chairman.

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In a statement issued by the association’s National Deputy Director-General, Gidado Siddiki, MACBAN said the attackers carried out the assault before killing dozens of cattle kept at the settlement.

The group described the incident as a painful attack on citizens involved in lawful livestock business.

The association said security personnel later found the bodies of the two victims in a nearby forest.

Their remains were recovered and handed over to their families, who buried them according to Islamic rites.

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MACBAN thanked the Enugu State Government and security agencies for responding after the attack and assisting in recovering the bodies.

However, it called for a full investigation into the incident and urged authorities to arrest and prosecute those responsible.

The association also stated that its members across the South-East are engaged in legal cattle breeding, rearing and trading activities and deserve the same protection as every other Nigerian.

It appealed to residents of Enugu State to continue supporting peaceful relations between herders and host communities, saying cooperation remains necessary for peace and economic activities.

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MACBAN also restated its commitment to obeying the law and working with governments, host communities and security agencies to promote peace, improve security and strengthen unity across the country.

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Doctors Perform First Successful Manhood Transplant on 43-Year-Old Man

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A team of doctors in Vietnam has successfully performed the country’s first penis transplant, marking a major milestone in reconstructive and transplant surgery.

The recipient, a 43-year-old man, underwent the groundbreaking procedure at Hanoi’s Viet Duc Friendship Hospital after losing most of his penis during a partial penectomy performed four years ago.

According to the medical team, the patient was selected for the transplant after undergoing extensive medical, psychological, immunological and ethical assessments, which confirmed he was a suitable candidate for the rare procedure.

A penectomy is the partial or complete surgical removal of the penis, commonly performed to treat penile cancer or, in some cases, as part of gender-affirming surgery.

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Associate Professor Dr. Nguyen Quang, Director of the hospital’s Andrology Centre, explained that the complex operation involved reconstructing the penis while reconnecting delicate blood vessels and nerves using advanced microsurgical techniques.

“In this transplant procedure, we reconstructed the anatomical structures of the penis, including the urethra, corpus spongiosum and corpora cavernosa, while simultaneously performing microsurgical anastomosis of minute arteries, veins and nerves,” he said.
He noted that combining reconstructive and microsurgical techniques required exceptional precision to ensure the transplanted organ remained viable and functional.

Doctors said the patient is recovering well, with no early complications recorded. The transplanted organ is healing as expected, and the patient is responding positively to anti-rejection medication.

Before the transplant, the patient had been able to urinate normally following his earlier surgery. However, only a very small portion of his penis remained, leaving him with significant psychological distress that negatively affected his quality of life and mental wellbeing.

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Medical experts cautioned that it will take time to determine whether sensation, erectile function and long-term urinary function are fully restored. The patient will also continue to undergo close monitoring for any signs of organ rejection.

Hospital Director Dr. Duong Duc Hung described the procedure as Vietnam’s first penile transplant using an organ donated by a brain-dead patient.

He said the surgical team spent months preparing for the operation, studying international medical experience and coordinating specialists from multiple disciplines before carrying out the complex transplant.

According to international medical literature, only five successful penile transplants had been reported worldwide before the Vietnamese operation, making the procedure one of the rarest and most advanced reconstructive transplant surgeries ever performed.

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Oyedele mourns ex-Finance minister, Alhaji Abubakar Alhaji

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The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele; the Permanent Secretary, Finance, Mr. Raymond Omachi; the Permanent Secretary, Special Duties, Mr. Mohammed Sanusi Danjuma; and the management and staff of the Federal Ministry of Finance have received with deep sadness news of the passing of former Minister of Finance, Alhaji Abubakar Alhaj.

Describing his death as a great loss to the nation, Mr. Oyedele said the late elder statesman devoted his life to public service, distinguishing his career with integrity, discipline, and sound judgement, and leaving a lasting imprint on Nigeria’s economic management and national development.

Beyond his stewardship of the nation’s finances, Mr. Oyedele noted, Alhaji Abubakar Alhaji also served Nigeria with distinction as High Commissioner to the United Kingdom, and was held in high esteem in traditional leadership as the Sardaunan Sokoto, a record of service and leadership that earned him respect across the country.

Mr. Oyedele said his legacy extends well beyond the offices he held, describing him as a thoughtful leader whose experience, wisdom, and commitment to the public good continue to inspire generations of public servants long after he left active service. He added that the late former Minister played an important role in strengthening Nigeria’s public finance architecture and institutions, a legacy that will continue to resonate within the Federal Ministry of Finance and across the public service.

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The Honourable Minister extended his heartfelt condolences to the family of the deceased; the Governor and Government of Sokoto State; the Sultan of Sokoto, His Eminence Muhammadu Sa’ad Abubakar III; the Sultanate Council; and the people of Sokoto State.

He prayed that Almighty Allah forgives the shortcomings of the late Alhaji Abubakar Alhaji, grants him Aljannatul Firdaus, and grants his family and all who mourn him the strength and fortitude to bear this irreparable loss.

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