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SEE Black Market Dollar To Naira Exchange Rate Today Sunday 19th May 2024
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
Jubilation as Senator Manu links Gunduma to national grid, commissions, power project (Photos/Video)
…provides another transformer for Emir’s Palace and environs
Finally, after 15years of blackout, Senator Manu Haruna of Taraba Central Senatorial District has officially commissioned the Gunduma Ward Electricity Power Project.
Senator Manu during the electioneering period had promised to link Gunduma to the national grid.
It’s indeed a promise well fulfilled as his constituents Jubilate.
This marks a historic moment for the community, which has been without electricity for the past 15 years. This transformative initiative underscores Senator Manu’s commitment to addressing critical infrastructure challenges and improving the lives of his constituents.
During the commissioning ceremony, former Federal Lawmaker of Taraba Central, Senator Dahiru Bako, commended Senator Manu for his dedication and vision in delivering this essential project.
Hon. Musa Chul Member House of Assembly Gassol II,Constituency TRHA described the achievement as a monumental milestone, emphasizing its potential to significantly enhance economic activities and improve the standard of living for the residents of Gunduma Ward.
The Gunduma Ward Electricity Power Project represents a significant step towards infrastructural development in Taraba Central and reflects Senator Manu’s proactive approach to governance and service delivery.
Manu also presented a new Transformer with specifications of 300KVA Valtage CL: 35KV and standard TS:EN60076-1 to the His Royal Highness Alhaji Justice Sani Sulaiman Duna the Emir of Mutum-Biyu for the Mutum-Biyu Environs.
Watch videos below:
See photos below:
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Allegations by Niger Republic attempt to incite northerners against Tinubu – Presidency
The Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, says claims by the military leader of Niger Republic, Abdourahamane Tchiani that Nigeria is colluding with France to destabilise his county are despicable propaganda.
He declared that the claims were aimed at inciting Northern Nigeria against President Bola Tinubu.
Bwala said the military leader deliberately chose a local language in the North.
The media recalls that Abdourahamane Tchiani, military leader of Niger Republic, made the claims in an interview on Wednesday.
Tchiani, who spoke in Hausa, alleged that France is negotiating with terrorists in Nigeria to destabilise his country.
According to him, France made a substantial payment to President Bola Tinubu to establish a military base in Nigeria.
The Minister of Information and National Orientation, Mohammed Idris, shortly afterwards, dismissed the allegations and described them as baseless.
Reacting to the allegations in a video posted on his X page on Friday, Bwala said the claims are baseless propaganda, designed to create chaos and incite bad blood in northern Nigeria against Tinubu.
“Yesterday I came across a video, a despicable propaganda piece by the military head of state of the Niger Republic against the president of the Federal Republic of Nigeria, and this is what you often see with military interregnum,” he said.
“The honeymoon is over; he has not been able to address economic situations in his country; everything is turning against him, and in the desperate gasp for breath, he decided to resort to cheap false lies and propaganda against Nigeria.
“The choice of words used by the military leader is quite insultive for what his intentions are; probably in cohoot with politicians in Nigerians; you never know.
“But the whole idea is to create chaos and bad blood in Northern Nigeria against the President,” he added.
Bwala explained Nigeria’s longstanding leadership role in West Africa and its commitment to fostering bilateral relations with neighbouring countries.
News
Police deny investigating VeryDarkMan’s missing N180m NGO funds
The Federal Capital Territory (FCT) police command has said it is not investigating the claim by online personality, Vincent Martins Otse aka VeryDarkMan’s that N180 million meant for his non-governmental organisation, NGO, has gone missing.
Vanguard reported, Friday, that VDM had alleged that over N180 million was stolen from his NGO’s account after it was hacked.
In October, Otse launched the Martins Vincent Osei Initiative, raising over N35 million in donations within hours. Shortly after, he announced receiving a N100 million contribution from music producer Michael Collins Ajereh, popularly known as Don Jazzy.
Otse further explained that he had to shut down the NGO’s app for maintenance to prevent further breaches and promised to provide updates on the situation.
VDM has in the video claimed that he had reported the matter to the police and he was also travelling to Jos because one of the hackers had been found.
According to reports, the FCT Police Command spokesperson, Josephine Adeh, clarified that the command was not involved in the matter.
She said, “The FCT Police Command has no information regarding any missing funds involving VDM, nor is there any ongoing investigation into the matter. The individual concerned should be contacted directly for details on where the case was reported, as we have no record of such a case with our command.”
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