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SEE Black Market Dollar To Naira Exchange Rate Today – May 14, 2024

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By Kayode Sanni-Arewa

The Dollar to Naira in the black market, also known as the parallel market (Aboki fx).

 Below, you’ll see the black market Dollar to Naira exchange rate for May 13th. You can exchange your dollar for Naira at these rates.

Dollar to Naira Exchange Rate Today Black Market (Aboki Dollar Rate):
At the Lagos Parallel Market (Black Market), individuals are buying a dollar for N1500 and selling at N1515 on Monday, May 13th, 2024, according to sources at Bureau De Change (BDC).

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Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and directs individuals interested in Forex transactions to approach their respective banks.

Today’s Dollar to Naira Black Market Rate:

Dollar to Naira (USD to NGN)

Black Market Exchange Rate Today

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Buying Rate: N1500

Selling Rate: N1515

Today’s Dollar to Naira CBN Rate:

Dollar to Naira (USD to NGN)

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CBN Rate Today

Buying Rate: N1456

Selling Rate: N1457

Keep in mind that the rates for buying or selling forex may differ from those mentioned in this article due to price variations.

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Additionally, in a separate report, the cost of staple food items in Nigeria, such as rice, garri, yam, and beans, has surged by over 100 percent annually, causing significant financial strain on households nationwide. This increase is reflected in the latest Selected Food Price Watch for March 2024 released by the National Bureau of Statistics (NBS), indicating sharp rises in food prices amidst escalating inflation rates. For instance, the average price of 1kg of locally sold rice increased by 152.93 percent year-on-year from March 2023 to March 2024, reaching N1,340.74. Similarly, the price of 1kg of white garri rose by 112.34 percent year-on-year during the same period, reaching N749.89.

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Simon Ekpa: FG’s attempt to extradite self acclimated freedom fighter may hit brickwall

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The Federal Government’s attempt to extradite pro-Biafra agitator Simon Ekpa, from Finland to face terrorism charges in Nigeria may hit brickwall.

According to The Africa Report, this is due to Finnish legal restrictions.

The self-declared prime minister of the Biafra Government In Exile (BRIGE) was arrested alongside four others by Finland’s National Bureau of Investigation (NBI) over terrorism related activities.

The Finnish police said they suspect that Mr Ekpa “has contributed to violence and crimes against civilians in South-eastern Nigeria.”

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Nigeria’s defence chief, General Christopher Musa while reacting to the arrest, said the country will proceed to push for Ekpa’s extradition to Nigeria.

While Finland has confirmed Ekpa’s arrest, the country made it clear that, according to Finnish law, the country will not extradite its nationals outside the European Union or Nordic countries.

This further complicates Nigeria’s request since there is no extradition treaty between the two countries.

Even though Finland and Nigeria are in contact, the legal framework prohibits the transfer of citizens for trial in non-EU countries.

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According to reports, everything has to be done according to Finnish legislation, which has very strong protections for freedom of speech

“The issue of an extradition treaty is very fundamental. If there is no extradition treaty between the two countries, there can be no legal basis or justification for extraditing Ekpa,” a Lagos-based lawyer Festus Ogun said.

Vince Onyekwelu, former British Police Officer and National Security Risk Strategist said the chances of Ekpa’s extradition to Nigeria are also slim.

Onyekwelu said while appearing on Arise TV:

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“Professionally speaking, the Finnish Authorities have done their due diligence and have every right to arrest Simon Ekpa. It is left for the court to look into the request by the Chief of Defence Staff to extradite Ekpa to Nigeria. However, with the absence of an extradition treaty between Nigeria and Finland, Ekpa’s extradition will seem unlikely.”

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Minimum wage: Yobe Gov approves N70k for workers

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Yobe State Governor, Hon. Mai Mala Buni has approved the payment of N70,000 minimum wage to civil servants in the state effective December 2024.

This is contained in a memo signed by the governor, following recommendations by the committee on Minimum wage constituted by the state government.

The committee had recommended for a reconciliation of local government finances to ensure a hitch free transition process of the local government councils from the existing salary structure to the new minimum wage.

The reconciliation process which is nearing completion is expected to be concluded soon for approval, and quick enrolment of the local government employees into the new minimum wage salary structure.

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The committee had recommended for a reconciliation of local government finances to ensure a hitch free transition process of the local government councils from the existing salary structure to the new minimum wage.

The reconciliation process which is nearing completion is expected to be concluded soon for approval, and quick enrolment of the local government employees into the new minimum wage salary structure.

According to a statement signed by the spokesman to the governor, Mamman Mohammed, the Government expects civil servants in the state to reciprocate the gesture by putting in their best to ensure effective and efficient service delivery

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Retired 85-year-old Col bags P.hd

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A retired Colonel of the Nigerian Army, Bolaji Titilola Onafowokan, aged 85, is among the first set of doctoral degree students produced by the Tai Solarin University of Education, TASUED, Ijagun, Ijebu Ode, Ogun State.

The Vice Chancellor, Prof. Oluwole Banjo, disclosed this at the weekend, while briefing the press on activities to mark the 16th convocation ceremony of the university.

He said the first set of PhD holders to be produced by the institution totalled 67.

“I am happy to inform you that the university will, at this 16th convocation ceremony, graduate its first set of doctoral degree holders.

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“They are 67 in number and the list included a retired Army Colonel, Bolaji Titilola Onafowokan, who is 85 years old. And he is getting his PhD in Educational Technology.

“I salute his courage and doggedness to pursue this dream of his. Even younger ones shy away from this kind of task.

27 First Class
“Also, out of the 4,140 graduating students, 27 have first class. We are also graduating 4 M.Phil, 275 Master’s degree and our best graduating student is Adedeji A. Adedamola with CGPA of 4.91.

“We are also giving honorary degrees to four distinguished Nigerians namely: Dr Taiwo Olayinka Afolabi, Prince Oluyemisi Adedoyin Shyllon, Otunba Jaiyeola Wasiu and Engineer Jubril Dotun Sanusi,” he stated.

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Prof. Banjo, who is winding down his tenure as the VC of the first university of education in Nigeria, added that some projects would be inaugurated by the Visitor, Governor Dapo Abiodun.
“We are happy to say that within the last one year, we have done some projects to add to what we have on ground. We have expanded the Medical Centre and the fund used was from our internally generated revenue.

“We are also weaning ourselves of epileptic power supply as we have our own Independent Power Project. It is 800 kva which can be scaled up.

“Even as it is, it is enough for our needs. It is less expensive than what we pay monthly as electricity bills to the power firm serving this area,” he said.

The VC also disclosed that the Minister of Communication, Innovation and Digital Economy, Dr Bosun Tijani, would deliver the convocation lecture titled, “From classroom to cloud: Leveraging digital literacy for national development.”

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