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SEE Today’s Black Market Exchange Rate: USD To NGN On October 13, 2024
By Mario Deepromoter
Today’s Black Market Exchange Rate: USD To NGN On October 13, 2024The Dollar to Naira exchange rate in the black market, also referred to as the parallel market, is as follows for October 12, 2024. Individuals can exchange their dollars for naira at these rates.
As of Saturday, October 12, 2024, the exchange rate at the Lagos Parallel Market (black market) is reported by Bureau De Change (BDC) operators to be as follows:
Buying Rate: N1690
Selling Rate: N1700
It’s important to note that the Central Bank of Nigeria (CBN) does not acknowledge the parallel market and advises individuals seeking to engage in foreign exchange to do so through their respective banks.
Official CBN Exchange Rate Today
•Buying Rate: N1625
•Selling Rate: N1626
Please keep in mind that the rates for buying or selling foreign currency may differ from those stated here, as prices can fluctuate.
NNPCL Fuel Price Increase Explained
Petroleum marketers have confirmed that the recent rise in fuel prices by the Nigerian National Petroleum Company Limited (NNPCL) is attributed to the complete removal of subsidies on Premium Motor Spirit (petrol).
As a result, pump prices have been raised to ₦1,030 per litre in Abuja, the Federal Capital Territory, and ₦998 per litre in Lagos. This information was provided by Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria, during an interview with DAILY POST on Wednesday.
Ukadike’s comments followed the announcement of the latest price adjustments at NNPC stations, which saw the price rise from ₦897 per litre to ₦1,030. This increase follows a previous hike where the price jumped from ₦617 to ₦897 per litre.
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10m beneficiaries of cash transfers don’t have phones, not on social media – APC Chairman
The National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, says more than 10 million vulnerable Nigerians who benefited from the N75,000 conditional cash transfer programme do not have access to mobile phones or social media.
Yilwatda disclosed this on Saturday while speaking with journalists after a three-day retreat of the APC National Executive Council in Maiduguri, Borno State.
The beneficiaries, whom he described as poor and vulnerable Nigerians, were largely unable to participate in public discussions about government policies because they lacked access to phones, television and social media.
“We have given 75,000 naira to over 10 million Nigerians across the country using the conditional cash transfer under the Ministry of Humanitarian Affairs and Poverty Reduction.
“Mind you, these people who are poor and vulnerable don’t have telephones to make calls; they are not on social media. They don’t have a television. They cannot come and challenge and discuss as we are doing here, but they are out there,” he said.
Yilwatda also criticised former Vice President and African Democratic Congress presidential candidate, Atiku Abubakar, over his position on the fuel subsidy.
“We are constructing roads and paying people that are working on the road site, and construction is going across the country,” he said.
“Over 30 states could not pay salaries and pensions. After we removed subsidies, all states can pay salaries and pensions, and no state is left behind.
“Today, if you return it, you are saying states shouldn’t pay salaries again. And what suffering are you bringing to Nigeria?”
The APC chairman also argued that a return to fuel subsidy would affect the government’s student loan scheme and other projects.
“The projects we’re doing across the country, like the coastal road and gas project to the north, which have passed Abuja, which are aimed at easing the suffering of Nigerians, will be suspended,” he said.
Yilwatda further accused Atiku of seeking to reverse the gains of the Tinubu administration in pursuit of the presidency, saying the APC and Nigerians would not accept such a move.
The APC chairman said the NEC retreat also reviewed the party’s activities at the national, state, local government, ward and polling-unit levels.
According to him, the party concluded that it remained strong and prepared for the 2027 general elections.
He said the NEC passed a vote of confidence in President Bola Tinubu, Vice President Kashim Shettima and other APC candidates who emerged from the party’s primaries for the 2027 elections.
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‘I’m like three women’ — Ivie Atuwatse rules out polygamy for Olu of Warri
Ivie Atuwatse III, wife of Ogiame Atuwatse III, the Olu of Warri, has opened up on the joys and challenges of being married to the traditional ruler, saying she takes pride in seeing people celebrate his achievements.
Ivie spoke in a recent interview with BBC News Pidgin, where she discussed life as the wife of the monarch and the demands that come with his position.
She said one of the things she enjoys most about the marriage is watching people appreciate her husband’s personality and achievements.
“The thing wey I like about being married to His Majesty is that, all the fame or the popularity wey him get, na say I get to see the world celebrate his genius, his swag also, cos me too I dey celebrate am,” she said.
“And when the world dey celebrate am, e dey ginger me more. I dey extremely proud of am as a human being, and to see that they also appreciate am dey give me much joy.”
However, Ivie admitted that the Olu’s responsibilities can sometimes make it difficult for her to have enough time with him.
“But on the other side, dem say food wey dey sweet sometimes flies dey like to chop from am,” she said.
“Sometimes e dey busy and it can be hard to want to share my husband with all the many different duties that he has, and so that can be equally difficult.”
She said they were learning to adjust to the demands of his position.
“And so, we are learning to navigate it because sometimes I just want him to myself,” she added.
The interviewer also asked whether she would accept another wife if the Olu changed his position on polygamy, having previously said he was not open to it.
Ivie dismissed the possibility, insisting that she was confident her husband would not change his mind.
“Firstly, His Majesty no go fit change him mind about polygamy. Make we just settle that one for there,” she said.
“Me alone, one me, I be like three women, so I dey alright for am.”
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PHOTOS: Jerry Eze leads thousands in prayer at Man United’s Old Trafford
Old Trafford, Manchester United’s 74,000-capacity stadium, became a house of worship on Saturday as Nigerian pastor Jerry Eze led the NSPPD UK Prayer Conference, drawing believers from across Britain and beyond.
Hosted by Streams of Joy International, the conference brought together believers from across the United Kingdom and around the world for prayer, worship and fellowship.
Worshippers at the NSPPD UK Prayer Conference held at Old Trafford, Manchester, on Saturday. Photo: X / @AgborMoses34
Admission to the event was free, though attendees were encouraged to register in advance as places were limited.
Despite that, demand reportedly outstripped availability, with some social media users claiming the event was fully booked and turning to TikTok in the days leading up to the conference in search of spare tickets.
Worshippers during the NSPPD UK Prayer Conference at Old Trafford, Manchester, on Saturday. PHOTO: NSPPD/YouTube
Worshippers during the NSPPD UK Prayer Conference at Old Trafford, Manchester, on Saturday. PHOTO: NSPPD/YouTube
The gathering featured several well-known gospel ministers alongside Eze, including Sunmisola Agbebi, Mercy Chinwo, Dunsin Oyekan and Kaestrings.
Worshippers during the NSPPD UK Prayer Conference at Old Trafford, Manchester, on Saturday. PHOTO: NSPPD/YouTube
(Credit: Saturday PUNCH)
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