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SEE Dollar To Naira Exchange Rate For Saturday 20th April 2024

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By Ojomah Austin.

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.

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What is the dollar to naira exchange rate today?

The local currency (abokiFx) opened at ₦1100.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, 20th April 2024, in Lagos Nigeria, after it closed at ₦1100.00 per $1 on Friday, 19th April 2024.

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate of $1 ₦1100
Selling Rate of $1 ₦1,100
How does the black market dollar-to-naira exchange rate compare to the official rate?

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BUSINESSBlack Market Dollar To Naira Exchange Rate For Saturday 20th April 2024Published 53 seconds ago on April 20, 2024By newsrainng

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Black Market Dollar To Naira Exchange Rate For Saturday 20th April 2024 Can Be Accessed 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.

Advertisement

 

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 ₦1100.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, 20th April 2024, in Lagos Nigeria, after it closed at ₦1100.00 per $1 on Friday, 19th April 2024.

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Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate of $1 ₦1100
Selling Rate of $1 ₦1,100
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, 20th April 2024, is N1,142.38 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.

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PL NOTE: We do 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.

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Total Blackout Looms As Vandals, Again, Attack Transmission Line – TCN

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By Kayode Sanni-Arewa

The Transmission Company of Nigeria (TCN) on Thursday said its tower T195 along the Ugwuaji–Makurdi 330 kV transmission line was vandalised on Saturday.

TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, in a statement in Abuja, said that the vandalism took place at Watuolo village, Utonkon, in Ado Local Government Area of Benue.

Mbah, however, said that the vandalism was thwarted by the vigilance of the community members, who at about 3 a.m. noticed suspicious activity around the tower.

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She said that the community members promptly apprehended one of the suspected vandals while the others escaped and handed him over to the police.

”TCN commends the people of Watuolo village for their swift action and vigilance.

”We equally appeal to communities hosting critical infrastructure to emulate this example and take ownership of protecting transmission installations in their vicinity.

As we continue to work with security operatives and host communities against vandalism, we appeal for more vigilance by the residents in the communities, who we believe are very critical in this fight,” she said.

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(NAN)

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Lovers jailed 3 months for adultery in FCT

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A Gwagwalada Magistrates’ Court, Abuja on Thursday sentenced two lovers, Mohammed Nazifi, 30, and Bilkisu Ibrahim, 25, to three months imprisonment each for adultery.

The police charged the lovers with a one-count charge of adultery by man and woman, to which they pleaded guilty.

Nazifi pleaded with the court to temper justice with mercy, saying he was a married man with little children to take care of.

Ibrahim also begged the court for mercy, saying she had a 3-year-old child and an aged mother, who depended on her.

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The Magistrate, Olatunji Oladunmoye, had previously remanded the convicts in order for them to provide a witness that would vouch for their conduct of good character.

He finally sentenced them when they could not provide any.

Oladunmoye sentenced the lovers to 3 months imprisonment each with an option of N25,000 fine each.

The magistrate said the essence of the punishment was not to ruin or destroy the convicts but to reform them.

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He added that it would also serve as a deterrent to anyone who wanted to toe the same path.

Earlier, the prosecutor, Dabo Yakubu, told the court that the complainant, Mr Dayabe Abdullahi of Chibiri village, Kuje, Abuja, reported the matter at the Area Command, Gwagwalada, Abuja on Jan. 16.

Yakubu said that the convicts conspired and had sexual intercourse, and both confessed to the crime in their statements.

He said that the offence contravened the provisions of sections 387 and 388 of the Penal Code.

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According to him, sections 387 and 388 refer to a man or a woman subject to customary law where extra-marital sexual intercourse is recognised as a criminal offence.

“If the man or woman has sexual intercourse with anyone other than his spouse, he/she is guilty of adultery and shall be punished with imprisonment for a term. The term may extend to two years or with fine or with both,” he said.

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Billionaire kidnapper, Evans Re-Arraigned, Begs For Plea Bargain, clemency

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Billionnaire kidnapper Chukwudumeme Onwamadike a.k.a Evans, on Thursday urged the Lagos High Court Ikeja, to consider his application for plea bargain, forgiveness and clemency.

He spoke through his new lawyer, Chief Emefo Otudo, immediately after he was re-arraigned over a five-count charge of alleged murder and kidnapping, by the Lagos State Government.

In the charge filed before Justice Adenike Coker, Evans and one Joseph Nkenna Emeka pleaded not guilty to alleged kidnapping and murder.

According to Evans lawyer, Chief Etudo, the substance of Evans’ application for plea bargain, is with respect to three pending criminal cases on compassionate grounds.

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He has earlier been convicted in two other cases with 14 years imprisonment and life jail respectively.

His lawyer told Justice Coker that have been converted to a reasonable human being and being a criminal to a teacher charged entirely Evans name should be graciously dropped from the three pending charges.

He submitted: “That a fresh charge be discretionally filed against the first defendant upon which he will plead guilty and serve 14 years imprisonment If approved.

“That the 14 years imprisonment that may be imposed in the new charge be made to run concurrently with other sentences that might have been given in his other cases listed above.

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“Our authority for bringing this application is attached as Appendix 6 and this application supersedes and overrides any previous application made by or on behalf of Mr Onwuamadike for plea bargain.

Speaking further Cheif Otudo told the court that there are five criminal cases against Evans and Lagos state has been prosecuting him for those cases and have gained conviction in two.

He said during the cause of the prosecution Evans has been incarcerated for about eight years.

“While in prison, the Federal Government offered the first defendant and other inmates a second chance and offered them opportunity to to go to school.

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“The first defendant (Evans) accepted offer to be educated as they were given scholarship by Federal Government. He has now earned an NCE teaching certificate in Economics.

“He is now a teacher and no longer a criminal. Copy of his NCE certificate and the project he did are attached as appendix 1 & 2.

“Mr Chukwudumeme Onwuamadike was also given admission in the National Open University of Nigeria under the scholarship granted by the Federal Government.

“He is now in 200 level in National Open University of Nigeria offering political Science. Copy of his admission letter is attached as appendix 3. And copy of his ID Card in National Open University of Nigeria is attached as appendix
4.

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“Mr Onwuamadike has also learnt technology under the Federal Ministry of Labour and Productivity; to wit, welding and metal fabrication and passed all tests. Copy of the test by Ministry of Labour and Productivity is attached as appendix 5.

Justice Coker told both the Prosecuting lawyer, Mr A. Y. Sule and Chief Otudo representing both parties to wait till March 20, when decision of the committee set up by the Lagos State government on Evans’ application would have been released.

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