News
SEE Black Market Dollar To Naira Exchange Rate Today Monday 27 May 2024
Bu Kayode Sanni-Arewa
You can access Monday 27 May 2024 rates Below:
IMPORTANT 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.
NewsRain Nigeria has obtained 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?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1515 and sell at N1520 on Sunday 26th May 2024, according to sources at Bureau De Change (BDC).
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today
Buying Rate N1515
Selling Rate N1520
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN)
CBN Rate Today
Buying Rate N1481
Selling Rate N1482
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
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, 27 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 that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Disclaimer: NEWSRAIN NIGERIA does not set or determine forex rates. 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
I regret obtaining NDA form for Lagbaja, says family head
The head of the late Chief of Army Staff (COAS), Lt. General Taoreed Lagbaja’s family, Pa Tajudeen Lagbaja, has expressed regret obtaining Nigerian Defence Academic (NDA) form for the deceased.
Pa Tajudeen, the younger brother of the late COAS’s father, stated that he would not have bought the form had he known it would lead to his death.
Some family members also alleged that Lt. General Lagbaja may have been killed through diabolical means due to a land dispute in his hometown.
According to TheNation, In 2023 a dispute arose in Ilobu, the headquarters of Irepodun Local Government Area in Osun State, when representatives of the Nigerian Army planned to establish a hospital in the community.
Pa Tajudeen told TheNation that he initially obtained the NDA form for the late Lieutenant General.
“Everyone who is born must die. We give glory to God. The year that I obtained NDA form for him, if I had known that he would die before me, I would not have done so. I regret obtaining the form for him. But it is destiny.
“The death that killed Taoreed Lagbaja ought to take me. I took him as one of my children. We are greatly bereaved, we are sad. He constructed a borehole in his father’s compound and other places in the community.
“We can never forget him, his death is so shocking to us. I have accepted the fate, all the promises he made to me have hit a brick wall. He always gave us hope in the family, despite the sorrow, I give thanks to God,” the family head said.
News
Tinubu Reappoints Prof Abdullahi Mustapha As DG Of Biotechnology Agency NBRDA
President Bola Tinubu has reappointed Prof. Abdullahi Mustapha as the Director-General of the National Biotechnology Research and Development Agency (NBRDA).
Prof. Abdullahi is expected to serve another second term of five years as the head of the research agency.
His appointment was announced in a press statement issued by the Press Secretary to the NBRDA Director-General, Toyin Omozuwa, in Abuja on Saturday.
According to the statement, Mustapha’s reappointment was conveyed in a letter signed by the Secretary to the
Government, George Akume.
“Mustapha’s second term is effective from 31st October 2024 and is in line with the provisions of Sections 10 (1) and (3) of the National Biotechnology Development Agency (Establishment) Act, 2022,” the statement said.
Omozuwa stated that industry experts regard the reappointment as an expression of Tinubu’s confidence in Mustapha’s capability to drive innovation towards achieving food security.
He added that the reappointment would allow the Director-General to complete his work in enhancing pharmaceutical production, as well as positioning Nigeria at the forefront of the Fourth Industrial Revolution.
Mustapha is a Professor of Bioinorganic Chemistry and hails from Dambatta Local Government Area of Kano State.
The National Biotechnology Development Agency (NABDA) is an agency established in 2001 under the Federal Ministry of Science and Technology, that implements policies, explores resources, conducts research, promotes, coordinates and develops biotechnology in Nigeria.
The NABDA also controls and supervises the introduction of genetically modified organisms into Nigeria.
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