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SEE Black Market Dollar To Naira Exchange Rate Today Sunday 19th May 2024
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By Kayode Sanni-Arewa
Today Sunday 19th May 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.
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 ₦1,530 per $1 at the parallel market otherwise known as the black market, today, Sunday, 19th May 2024, in Lagos Nigeria, after it closed at ₦1,530.00 per $1 on Saturday, 18th May 2024.
Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today
Buying Rate of $1 ₦1530
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, 19th May 2024, is N1520.40 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! 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.
News
Breaking: Finally police rescue Adelabu’s sister, her twins
By Kayode Sanni-Arewa
Operatives of the Nigeria Police Force have rescued Olaide Busayo Adegoke John-Paul, the sister of a former Minister of Power, Adebayo Adelabu, and her 12-year-old twin sons: Peter and Paul.
According to available information, they were rescued at about 7:30pm on Saturday in a heavy gun duel with their abductors.
Sources revealed that no fewer than two of the kidnappers were neutralised, while others escaped with gunshot wounds.
Recall that John-Paul and her twins were kidnapped on June 3, 2026 around 7:30am while she was driving them to school.
Details shortly…
News
‘If You Can’t Halt Insecurity, Step Aside’ — Apostle Suleman
The General Overseer of Omega Fire Ministries International, Johnson Suleman, has urged President Bola Ahmed Tinubu to consider stepping down if his administration is unable to effectively tackle the growing insecurity threatening lives and livelihoods across Nigeria.
The outspoken cleric made the remarks while addressing members of his congregation during a church service, where he expressed concern over the persistent wave of terrorism, banditry, kidnappings, and violent attacks in different parts of the country.
Suleman argued that the government’s approach to combating insecurity must shift from targeting only armed attackers to identifying and dismantling the networks of individuals allegedly financing and sustaining terrorist activities.
According to him, the true challenge facing Nigeria is not merely the criminals carrying out attacks but the powerful sponsors who provide them with resources, weapons, logistics, and financial support.
The preacher stressed that any serious effort to defeat terrorism must begin with exposing and prosecuting those behind the scenes who enable extremist groups to operate.
“The sponsors of terrorism are the real problem confronting the nation. The government should focus on them. If the President cannot deal decisively with those people, then he should resign and allow someone else to take over the responsibility,” Suleman declared.
He further claimed that many of the young men currently involved in violent activities are products of extremist networks that have existed for years and were allegedly allowed to expand unchecked.
According to him, some of the individuals now seen carrying sophisticated weapons were children during the early stages of insurgent activities and have since grown into active participants in criminal and terrorist operations.
Suleman maintained that arresting or eliminating foot soldiers alone would not end insecurity, insisting that authorities must trace and neutralize those who recruit, fund, and arm violent groups.
“The young boys carrying assault rifles today did not emerge overnight. There are people empowering them, financing them, and providing the resources that sustain their activities. Until those sponsors are identified and brought to justice, the problem will persist,” he said.
Despite his criticism of the government’s handling of the security situation, the cleric praised Nigeria’s security institutions, describing them as highly professional and capable of confronting the country’s challenges when adequately supported.
Drawing from his international travels, Suleman said he has confidence in the abilities of the Nigerian military, the police, and the Department of State Services (DSS), arguing that the country possesses competent personnel capable of delivering results.
“I have visited many countries around the world, and I can confidently say that the Nigerian Army, the Nigeria Police Force, and the DSS rank among some of the finest security institutions globally. The issue is not necessarily a lack of capacity but the willingness to take bold action against those driving insecurity,” he stated.
The cleric emphasized that stronger political resolve is required to dismantle criminal and terrorist networks operating across the country. He warned that insecurity would continue to worsen unless those allegedly sponsoring violence are exposed, arrested, and prosecuted under the law.Politics
His comments come at a time when many Nigerians are increasingly concerned about the security situation, particularly in regions affected by recurring kidnappings, terrorist attacks, communal violence, and banditry.
Citizens, civil society groups, religious leaders, and political stakeholders have repeatedly called on the Federal Government to intensify efforts aimed at restoring safety and public confidence.
Suleman’s remarks are likely to add to the growing national conversation on security and governance, as pressure mounts on the Tinubu administration to deliver lasting solutions to the country’s security challenges.
The cleric concluded by urging the government to stop treating insecurity as a routine criminal issue and instead confront what he described as the broader network allegedly sustaining terrorist operations throughout Nigeria.
News
Famous US actor stabbed to death in his apartment
Popular US actor James Handy, known for his roles in films including Jumanji and Top Gun: Maverick, has been stabbed to death at his home in Los Angeles, police have said.
Handy, who was 81, was found unconscious in the front garden of his home in Tarzana, California, on Wednesday with several stab wounds to the chest.
Michael Gledhill, 44, the son of Handy’s girlfriend, has been arrested on suspicion of murder, the Los Angeles Police Department said.
Officers responded to a report of “unknown trouble” after a caller dialled 911 and told police: “I am the son of man, I just killed the man of sin.”
Handy was born in New York and appeared in a string of films and TV shows over six decades, often as a supporting character or for a small number of episodes.
Despite rarely being the leading star, Handy racked up a long string of credits, including NYPD Blue, K-9, Law & Order, CSI: NY, Logan, Alias, Castle, NCIS, The West Wing, Arachnophobia, The X Files, and Murder, She Wrote.
His most recent film role was in 2022’s Top Gun: Maverick, in which he played Jimmy, a bartender who works with the character played by Jennifer Connelly, Tom Cruise’s love interest.
Paying tribute, entertainment writer Jay Bobbin said he was “heartbroken to learn about the passing of a superb character actor”.
Writer and producer Don Winslow, who created the 2001 procedural drama UC: Undercover, in which Handy appeared, described Handy as a “terrific actor”.
“We were honoured to have him on UC: Undercover in a recurring role,” Winslow said. “His performances were always special.”
Following Handy’s death, the LAPD said Gledhill “flagged down nearby responding officers, telling them he was the one they were looking for”.
“The suspect resides at the location with his mother, who is the victim’s girlfriend,” a statement added.
“Detectives believe this is an isolated incident and there appears to be no danger to the public.”
After his arrest, Gledhill was transported to Van Nuys Jail and booked for one count of murder, with his bail set at $2m (£1.5m).
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