News
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
Benue state govt offers free beer to residents for New Year’s eve celebrations
By Kayode Sanni-Arewa
As part of the ongoing Benue Carnival festivities, the Benue State Government has announced the distribution of free Zeva Draft Beer to residents in celebration of New Year’s Eve.
The Executive Governor of Benue State, Rev. Fr. (Dr.) Hyacinth Iormem Alia approved the gesture. The event will kick off at 5 PM on December 31, 2024, at IBB Square, Makurdi.
Dr Raymond Asemakaha, Managing Director of the Benue Investment and Property Company Limited (BIPC), revealed this in a statement on Tuesday. He described the initiative as an opportunity for citizens to come together and celebrate Benue’s rich heritage and unity.
“This is a unique opportunity to enjoy the flavours of Benue while engaging with family and friends. You are to drink responsibly,” the statement read.
The carnival, which had been dormant since the administration of former Governor Gabriel Suswam, has been revived by the current government to promote cultural pride and engage the youth positively.
The festivities have already featured colourful displays, with socio-cultural groups parading through Makurdi in vibrant costumes on Monday
News
Minority Caucus Congratulates Nigerians on New Year, Calls for Urgent National Reforms
By Gloria Ikibah
As Nigerians join the global community in celebrating the New Year 2025, the Minority Caucus of the House of Representatives has extended heartfelt congratulations to all Nigerians, both at home and abroad, for witnessing the dawn of the year in peace and tranquility.
In a statement jointly signed by House Minority Leader Rep. Kingsley Chinda, Minority Whip Rep. Dr. Ali Isa J.C, Deputy Minority Leader Rep. Aliyu Madaki, and Deputy Minority Whip Rep. George Ozodinobi, the caucus reflected on the challenges of 2024, describing the year as “palpable, worrisome, and fearful,” and highlighted its impact on citizens’ personal growth.
The statement reads: “Today, being the first day of Year 2025, whilst, like other parts of the world, we are full of excitement, it gives us another opportunity to have sincere reflections and objective introspection about the journey of our dear country thus far. Fact is, Nigeria’s progress has been marked by significant challenges that hinder our individual growth and collective prosperity.
“True, the situation of our country, particularly in 2024, was palpable, worrisome, and fearful that it stifled the personal development of many citizens. From spiraling inflation to corrosive poverty and debilitating hunger, it was pathetic for citizens. How about accentuating unemployment, alarming insecurity, and other disturbing multi-sectoral indices of under-development?
“As the country enters 2025, it is necessary to reiterate that just as Nigeria has issues of governance and lack of inclusive economic growth, there is an urgent and timely need to ingeniously address challenges of infrastructure deficits, mindless corruption, youth unemployment, and widespread insecurity.”
The caucus urged all Nigerians to leverage the nation’s diversity as a strength and work collectively towards fostering peace, unity, and development.
“No doubt, Nigeria is a blessed nation with enormous potentials, and our diversity remains one of our greatest assets. In 2025, we admonish us all to harness the strengths embedded in our differences to build a nation that works for all citizens. Since no tribe, ethnicity, and group, no matter how powerful, can do it alone, we solicit for the collaboration and synergy of all and sundry. Through these, and other imperatives including believability, inclusivity, and mutual trust, Nigeria can overcome every difficulty and achieve sustainable and enduring achievements.
“As we collectively forge ahead as a nation in 2025, we encourage us all to recommit and reconnect to the values of peace, unity, and development, with the realization that the future of Nigeria rests on our ability to stay united and work together towards the fulfillment of common goals, desires, and aspirations.”
The caucus reaffirmed its dedication to the well-being of Nigerians, pledging to remain steadfast in addressing national issues through legislative action.
“As a responsive and responsible Caucus, we assure Nigerians that, further to our commitment to the general well-being of citizens, we will in 2025, and subsequent years in the lifespan of the 10th House of Representatives, remain resolute and focused in every national issue that requires legislative inquisition and actions.”
News
Just in: Tanker fire guts popular Lagos police station
Tanker fire has razed a section of Okokomaiko Police Station, Lagos State Police Command.
The tanker reportedly caught fire while discharging diesel into the storage tank of a hotel that shares same fence with the police facility, reports Daily Trust.
The incident created a stampede as both the staff of the hotel and policemen attached to the station fled from their offices for fear of being trapped in the fire.
It was learnt that the fire started from the engine of the truck and quickly spread to the storage tank of the vehicle.
Witnesses alleged that the fire spread to the police station before any help could come.
One witness identified simply as Tolupe stated that the truck driver abandoned the vehicle when the fire escalated and fled.
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