News
SEE Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 31st August 2024
By Mario Deepromoter
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1600 and sell at N1615 on Saturday 31st August 2024, according to sources at Bureau De Change (BDC).
Black market dollar to Naira exchange rate on Saturday 31st August 2024 can be accessed below.
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.
How much is a dollar to naira today in the black market?
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 N1600 and sell at N1615 on Saturday 31st August 2024, according to sources at Bureau De Change (BDC).
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.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1600
Selling Rate N1615
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1600
Selling Rate N1610
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
News
Nigeria Congratulates Qatar on National Day
By Gloria Ikibah
The Federal Government of Nigeria has extended its heartfelt congratulations to the State of Qatar on the occasion of its National Day, celebrated on Wednesday, December 18, 2024.
In a statement signed by the Acting Spokesperson for the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa, Nigeria’s Minister for Foreign Affairs, Ambassador Yusuf Maitama Tuggar, conveyed fraternal greetings to Qatar’s Prime Minister and Minister of Foreign Affairs, His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani.
The statement highlighted Qatar’s commitment to promoting global peace and its significant contributions to humanitarian services worldwide.
“The Federal Government of Nigeria commends the commitment and strategic efforts made by the State of Qatar in the promotion of global peace; and more so, the excellent contributions to humanitarian services in different parts of the world,” it read.
Ambassador Tuggar emphasised the strong and growing relations between Nigeria and Qatar, expressing satisfaction with the collaborative efforts to strengthen ties for the mutual benefit of their citizens.
He wished Qatar peace, prosperity, and progress, reaffirming Nigeria’s enduring friendship and support.
This underscores Nigeria’s recognition of its diplomatic relationship with Qatar and its shared commitment to global cooperation and development.
News
Reps Recommends Delisting NECO, UI, Labour Ministry, 21 Others From 2025 Budget
By Gloria Ikibah
The House of Representatives Public Accounts Committee (PAC) has called for the removal of the National Examination Council (NECO), University of Ibadan (UI), Federal Ministry of Labour and Employment, and 21 other federal Ministries, Departments, and Agencies (MDAs) from the 2025 budget.
This recommendation follows their repeated failure to account for previous allocations and internally generated revenue.
During an extraordinary session on Wednesday, December 18, 2024, the Committee resolved that these MDAs should be excluded from the budget until they comply with its directives.
Chairman of the Committee, Rep. Bamidele Salam, stressed: “The Financial Regulation empowers the National Assembly to exclude any Ministry, Department, or Agency (MDA) that fails to account for their previous appropriations. As such, the listed MDAs should be excluded from the 2025 budget until they appear before this constitutional committee.”
The decision was prompted by the consistent non-compliance of these MDAs despite multiple summons issued by the Committee to scrutinize their financial operations.
Prominent institutions among those recommended for delisting include hospitals, universities, and federal development agencies. Some of the affected MDAs are:
- Federal Medical Centre, Bida
- Federal Ministry of Labour & Employment
- Ahmadu Bello University Teaching Hospital, Zaria
- Nigeria Police Force: Department of Information and Communication Technology
- Federal College of Education (Technical), Asaba
- Federal College of Education, Yola
- Federal Polytechnic Ekowe, Bayelsa State
- Abubakar Tafawa Balewa University Teaching Hospital, Bauchi
- Federal University of Technology, Minna
- Cross River Basin Development Authority
- Nigeria Office for Trade Negotiation
- National Examination Council (NECO)
- Nigeria Police Academy, Wudil
- Presidential Amnesty Programme
- Galaxy Backbone
- Senior Special Assistant to the President on Sustainable Development Goals
Others include the National Health Insurance Authority (NHIA), Nigeria Nuclear Regulatory Authority, National Space Research and Development Agency, Federal Cooperative College (Ibadan), Upper Niger River Basin Development Authority, University of Lagos, University of Ibadan, and Federal School of Survey, Oyo State.
The Committee unanimously recommended that the MDAs in question be delisted from the 2025 budget until they comply with the request for documentation and provide necessary financial clarifications.
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