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SEE NAIRA Rates Against The USD, GBP, EURO Today May 10, 2024
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The Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX market.
Black Market Exchange Rates
Buying Rate
Selling Rate
Dollar to Naira 1450 1430
Pounds to Naira 1800 1760
Euro to Naira 1540 1500
Canadian Dollar to Naira 1360 1320
Rand to Naira 52 43
Dirham to Naira 0 0
Yuan to Naira 62 62
G.Cedi to Nair 119.19 119.19
CFA F. (XOF) To Naira 0.83 0.81
CFA F. (XAF) To Naira 0.74 0.74
Having full knowledge how much USD to NGN black market exchange rate today will give you a better opportunity to plan and make informed decisions
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Just in: Security operatives take over Osun Assembly Speaker residence
The Speaker of the Osun State House of Assembly, Hon. Adewale Egbedun, has reportedly been placed under house arrest, with unidentified security operatives in police uniforms surrounding his residence in Osun State.
According to reports, the security personnel arrived at the Speaker’s residence in more than 10 black Hilux vehicles and allegedly cordoned off the premises.
The Imole Campaign Council said it attempted to contact senior police officers and the Police Situation Room to obtain clarification on the development but was unable to reach them.
It also urged security agencies and political actors to ensure that the electoral process remains peaceful and free from intimidation, fear or interference.
The council called on residents and all stakeholders to remain calm, obey the law and await an official explanation from the relevant authorities.
As of the time of filing this report, there had been no official explanation from the police or other security agencies regarding the reported operation at the Speaker’s residence.
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FG reserves 33000 hectares for FCT livestock settlements
The Federal Government has earmarked about 33,000 hectares of land in the Federal Capital Territory (FCT) for livestock settlements as part of efforts to curb cattle movement within Abuja and shift livestock production to a more settled, commercially viable system.
Minister of Livestock Development, Idi Mukhtar Maiha, disclosed this on Friday in Abuja during a ministerial press briefing, fielding questions from journalists.
Maiha said the land, captured in the Abuja Master Plan and located outside the city centre, would provide designated areas where livestock could be raised under improved conditions without competing for space with residents in densely populated parts of the capital.
He said the initiative is part of the Federal Government’s broader livestock transformation programme, focusing on settled production, improved animal genetics, better husbandry practices, and the establishment of Livestock Development Centres across the country.
“The city is not designed to co-mingle livestock with people,” Maiha said.
He explained that livestock owners would still be free to conduct their businesses within the city, while their animals would be kept in designated production areas where adequate feed, water, veterinary services, and other facilities would be provided.
The minister said the Federal Government was already engaging the FCT Administration to rehabilitate existing livestock facilities, including the Cow Grazing Reserve, Karshi, Piko, and Kore.
He said improvements had commenced at the Cow Grazing Reserve, where three boreholes and a digital weather station had been provided to enhance livestock production and management.
Maiha added that discussions were ongoing with the FCT authorities to rehabilitate other facilities and integrate them into the government’s proposed settled livestock production system.
The minister said the government was determined to address the practice of moving livestock over long distances in search of pasture and water, describing the system as economically inefficient and detrimental to animal productivity.
According to him, animals that continuously trek long distances expend energy that should ordinarily contribute to weight gain, milk production and other productive purposes.
He described cattle subjected to such movements as “athletes”, stressing that the extensive production system was partly responsible for Nigeria’s low livestock productivity.
Maiha said animals were not roaming for the sake of movement but because the existing production system compelled livestock owners to search continuously for feed and water.
He said the government’s preferred model would keep animals within designated production areas where they could access feed, water, veterinary care, breeding services and other essential inputs.
The minister noted that the approach would not only increase meat and milk production but also reduce waste and some of the social and economic challenges associated with uncontrolled livestock movement.
Maiha also identified low genetic potential and poor animal husbandry practices as major constraints on Nigeria’s ability to meet growing demand for meat, milk and eggs.
He said indigenous livestock breeds were not necessarily inferior but had not undergone the systematic genetic improvement required to substantially increase their productivity.
According to him, some indigenous cattle require several years to reach marketable weight, whereas genetically improved breeds can achieve considerably higher weights in a shorter period.
He also highlighted the disparity in milk production, noting that many indigenous cows produce between 1.2 and two litres of milk daily, compared with significantly higher yields obtainable from improved dairy breeds.
“The rate of growth matters a lot. Serviceability matters a lot,” Maiha said.
He said genetic improvement, better feeding and modern animal husbandry would therefore be critical components of the Federal Government’s livestock development programme.
Maiha said the creation of the Federal Ministry of Livestock Development in July 2024 had begun to trigger institutional reforms at the state level.
Only three states, he said, had dedicated ministries or agencies responsible for livestock when the ministry was established, but the number has since increased to 20 states.
He said this development would strengthen collaboration between federal and state governments in implementing livestock policies and attracting investment into the sector.
The minister, however, cautioned that transforming a sector that had operated largely through traditional systems for decades would take time.
“It’s a gradual process,” he said, adding that the impact of the reforms should not be assessed solely on immediate outcomes.
Under the emerging framework, the Federal Government would provide policy direction, technical and animal health standards, traceability systems, data infrastructure, investor facilitation and regulatory coordination.
State governments would be expected to provide suitable land and local infrastructure, undertake community engagement and security coordination, and mobilise livestock producers.
Private investors and producer organisations would, in turn, finance and operate commercial activities across livestock value chains.
Maiha said the proposed Livestock Development Centres would serve as commercially oriented production clusters rather than government-owned farms.
The centres are expected to accommodate investments in breeding, feed and fodder production, cattle finishing, dairy production and chilling, sheep and goat fattening, poultry production, pig breeding, feedlots, modern abattoirs and meat processing.
Other opportunities include cold-chain facilities, logistics, biogas and organic fertiliser production, and hides, skins and leather processing.
He said states would be encouraged to develop livestock industries based on their comparative advantages, available feed and water resources, agro-ecological conditions, producer populations, and market demand, rather than adopting a uniform model.
For cattle and dairy production, investment opportunities would include irrigated fodder, hay and silage production, feedlots, breeding and artificial insemination, milk collection and chilling, abattoirs and meat packaging.
The poultry value chain would encompass hatcheries, breeder farms, feed mills, broiler and layer clusters, vaccination and laboratory services, egg grading and packaging, processing and cold-chain facilities.
Similar investment opportunities would be developed for sheep and goats, pigs and micro-livestock, including rabbits, grass cutters, snails and bees.
Maiha said the reforms were aligned with the National Livestock Growth Acceleration Strategy (NL-GAS), which seeks to raise the livestock sector’s contribution to the Nigerian economy from about $32 billion to at least $74 billion by 2035.
The minister said the reforms would also reduce the economic and security risks associated with transporting live animals over long distances from major livestock-producing areas to consumer markets.
He noted that although a significant proportion of the country’s livestock population is concentrated in the North, major markets are located elsewhere, resulting in animals travelling more than 1,000 kilometres.
Maiha said developing livestock production, processing and marketing infrastructure across states would reduce dependence on long-distance movement of live animals.
He said the combination of settled livestock production, improved genetics, adequate feed and water, animal health services, processing infrastructure and private-sector investment would enable Nigeria to produce more meat, milk and eggs while creating jobs and strengthening rural economies.
Meanwhile, the National Veterinary Research Institute (NVRI), Vom, presented awards to Maiha and the Permanent Secretary of the Ministry, Dr Chinyere Ijomah Akujobi, in recognition of their contributions to developing the livestock sector.
The Executive Director and Chief Executive Officer of NVRI, Dr Yakubu Gunya Dashe, presented the awards alongside institute officials.
The institute recognised Maiha for service delivery, while Akujobi was honoured for her leadership and supportive role in advancing the ministry’s mandate.
The recognition highlighted the importance of collaboration among government institutions, veterinary research organisations, livestock producers and private investors in building a modern and productive livestock industry.
News
NAHCON fixes N7.5m, N7.8m fares for 2027 Hajj
The National Hajj Commission of Nigeria (NAHCON) has announced fares ranging from N7,560,822 to N7,882,822 for Nigerian pilgrims participating in the 2027 Hajj exercise.
The commission made the announcement on Friday in a public notice, stating that the fares were approved by the Federal Government and determined according to pilgrims’ departure zones.
Under the approved structure, intending pilgrims from the Maiduguri/Yola zone will pay N7,560,822, while those from other northern states will pay N7,672,822. Pilgrims from the southern states will pay N7,882,822.
NAHCON said the fares were determined based on consultations with the leadership of the Forum of State Muslim Pilgrims’ Welfare Boards, service providers in Saudi Arabia, prevailing exchange rates and service costs.
The commission said the new fares were guided by the principles of transparency and cost efficiency, as well as the Federal Government’s commitment to the welfare of Nigerian pilgrims.
“In line with the principle of transparency, cost-efficiency, and the Federal Government’s commitment to the welfare of Nigerian pilgrims, the National Hajj Commission of Nigeria (NAHCON) announces the 2027 Hajj fares approved by the Federal Government,” the commission stated.
The 2027 fares are slightly higher than those paid for the 2026 Hajj exercise.
For the 2026 pilgrimage, intending pilgrims from the Maiduguri/Yola zone, comprising Adamawa, Borno, Yobe and Taraba states, paid N7,579,209.96, while those from other northern states and the southern states paid N7,696,769.76 and N7,991,411.76, respectively.
NAHCON urged intending pilgrims who had already made an initial deposit of N5 million to pay the outstanding balance to complete their registration.
Those yet to make any payment but interested in performing the 2027 Hajj were advised to pay the approved fare through their respective State Muslim Pilgrims’ Welfare Boards, Agencies or Commissions, or through approved Hajj Savings Scheme participating banks.
The commission also announced September 26, 2026, as the final deadline for the complete upload of intending pilgrims’ biometric data on the designated Nusuk-Masar digital platform.
According to NAHCON, the deadline is in compliance with the Saudi Ministry of Hajj and Umrah’s policy and will not be extended.
“In strict compliance with the Saudi Ministry of Hajj and Umrah’s policy, NAHCON has fixed September 26, 2026, as the final and absolute deadline for the complete upload of intending pilgrims’ biometric data on the designated Nusuk-Masar digital platform, while remittance of all 2027 Hajj fares by states must be completed by 2nd December 2026,” it stated.
The commission further directed states to complete the remittance of all 2027 Hajj fares by December 2, 2026, warning that failure to meet the deadlines could lead to the forfeiture of allocated Hajj slots.
“No extension will be granted beyond this deadline, as data synchronisation and seat allocations depend entirely on timely remittances,” NAHCON said.
“The Commission wishes to emphasise that failure to meet the set deadlines will result in forfeiture of the allocated Hajj slots,” it added.
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