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SEE NAIRA Rates Against The USD, GBP, EURO Today June 8, 2024

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By Kayode Sanni-Arewa

WHEN we look at this month, USD was traded at ₦ at the beginning of this June on Monday, June 3, 2024. As at today with USD being traded at ₦1,490 we see a % for United States Dollar to Naira exchange rate for this month.

On this page, we are primarily focusing on the Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX

Black Market Exchange Rates

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Buying Rate

Selling Rate

Dollar to Naira 1490 1475

Pounds to Naira 1883 1850

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Euro to Naira 1599 1568

Canadian Dollar to Naira 1360 1320

Rand to Naira 52 43

Dirham to Naira ‎0 0

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Yuan to Naira 62 62

G.Cedi to Nair 119.19 119.19

CFA F. (XOF) To Naira 0.83 0.81

CFA F. (XAF) To Naira 0.74 0.74

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Having full knowledge how much USD to NGN black market exchange rate today will give you a better opportunity to plan and make informed decisions.

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Why Nnamdi Kanu asked Justice Nyako to step down – Family

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The family of the leader of the Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu, have explained why their son demanded that Justice Binta Nyako who presided over his case steps down.

According to the family, the refusal of the Presiding Judge to comply with the orders of the Supreme Court concerning the IPOB Leader is the reason Kanu requested her stepping aside.

The family said that the apex court had faulted Nyako for revoking Kanu’s bail, wondering why she failed to restore the bail after the Supreme Court’s order.

Kanu’s family while reacting to the decision of the Presiding Judge to hands off the case, accused her of bias against their son.

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Prince Emmanuel Kanu who spoke for the family said the Judge’s final decision to recuse herself from the case was a step in the right direction.

The family which said they had also lost confidence in the Presiding Judge expressed hope that the next judge to be assigned the matter would comply with the earlier judgment of the Supreme Court.

“The reason Nnamdi Kanu requested the Presiding Judge to step down was because she refused to comply with the orders of the Supreme Court.

“As far as we are concerned, she was not willing or prepared to comply with any of the orders of the apex court. We also lost confidence in her because she was biased against our son.”

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According to the family, Kanu should not be standing trial in Nigeria because his extraordinary rendition was a violation of the law itself, hence, the federal government has lost the rights to prosecute him.

The family maintained that Kanu was abducted in Kenya and renditioned to Nigeria against every known protocol and international law.

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Hardship: Bring succour to Nigerians, Orji Kalu tells Tinubu

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Former Governor of Abia State, Sen. Orji Uzor Kalu, has called on President Bola Tinubu to quicken steps in bringing succour to Nigerians amidst the current biting economic hardship.

Kalu, who sits on the Abia-North Senatorial District seat at the Senate, spoke at the National Assembly in Abuja on Tuesday, noting that much as the President was making honest reforms to address the challenges Nigeria currently faced, the hardship in the land was also real.

He noted that the President was “courageous” to have introduced reforms, the types never seen in the last 60 years.

Speaking to journalists, Kalu, a member of the All Progressives Congress (APC), said, “We feel that the reforms going on now have not happened in the last 60 years, no president had the courage to do what President Tinubu is doing now. It is about courage. The man is very courageous.

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“Possibly if I’m president, what he is doing now to reform the economy, I won’t do it, I might come slowly.

“Even in my village, everywhere I go, companies, everybody, there is hardship, but I appeal to the federal government, the President, to know how he can bring succour quickly to the people of Nigeria. He has to do something not yesterday, but today.

“He must do something like yesterday because the condition of the Nigerian people is not too good. I believe that no president in the world elected by people would want his people to suffer.”

Specifically on the controversial removal of fuel subsidy, the former said it was an issue could meet with members of his economic team and study it.

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“I’m not in the economic team, I have not seen the president or anyone to ask but this is what (return of subsidy) the president has to sit with his economic team to discuss.

“But, the decisions he has taken are what no president in the 60 years of the republic, no president has been able to take, ” he added.

Kalu, who claimed that he had cut down on personal expenses as a result of the hardship, said he also resolved not to fly private jets for now.

He explained, “The hardship is true, people are suffering. We have hundreds of thousands of workers, we have about 10,000 workers in our group that we run.

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“We need to pay those salaries. If I fly at any time, buying fuel and maintaining the private plane takes almost $10,000, $20,000.

“I called our senior members in the group and said when I have to make my own sacrifices it is not for the federal government, it is for the good of the company.

“So I said fly no more, fly commercial and save the money for restructuring our workers both in Nigeria and West Africa so that everybody must feed in this time of hardship. “

On the outcome of the just-concluded Edo State governorship election, which was won by the APC’s candidate, Sen. Monday Okpebholo, the lawmaker argued that the best contestant and party won.

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He said, “The national chairman, the national secretary, and the members of the NWC, and including the senators, have worked so hard for Edo and I believe that whoever works hard for an election deserves to win.

“The election is about numbers, when you have the numbers on the ground, you win. When you don’t have the numbers, you don’t win. INEC has declared the winner and they (Okpebholo and APC) deserve the win.”

Kalu dismissed rumours that circulated recently that he died, saying that he merely took a private time to study some courses.

“Listen, there was nothing wrong with me. I took permission from the senate president about seven days before the senate closed. I went for a little study in one of the universities that I paid for myself, not that anyone paid for me. I went to do some courses for two months; so I used the holiday period to do courses on democracy and the economy.

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“I did not die. I didn’t go for any medical check up, but if people say I have died, we give thanks to God”, he told reporters.

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Wike Reiterates Commitment To Reviewing, Upgrading Abuja Masterplan

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The Minister of the Federal Capital Territory (FCT), Barrister Nyesom Wike, has reaffirmed the FCT Administration’s dedication to reviewing and upgrading the Abuja Master Plan, an initiative aimed at addressing the growing challenges in the capital city.

This was highlighted during a meeting with a delegation from the Japan International Cooperation Agency (JICA) in Abuja on Tuesday.

Wike explained that the project, known as the Review and Upgrading of Integrated Urban Development Master Plan for Abuja, will be carried out in collaboration with JICA.

He assured the visiting team of the FCT Administration’s full commitment to ensuring the success of the project, noting that all necessary steps for its implementation would be taken.

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“We are committed to this project and will do all we can to see it come to fruition,” the Minister stated, promising stronger collaboration between the FCTA and JICA for the development of the FCT, including its satellite towns.

Mr. Shehu Ahmad, Executive Secretary of the Federal Capital Development Authority (FCDA), also emphasized the importance of revisiting the 45-year-old Master Plan to address the infrastructural and developmental challenges in Abuja.

He highlighted the need for upgraded infrastructure, improved water and power supply systems, and enhanced urban mobility solutions to transform Abuja into a globally recognized smart city.

Additionally, he stressed the significance of creating employment opportunities to accommodate the city’s expanding population.

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The review process has already commenced, with basic data collection underway by JICA’s technical team and key departments within the FCTA and FCDA. Following the completion of an inception report, an international conference will be organized to gather input from key stakeholders.

The Ambassador Extraordinary and Plenipotentiary of Japan to Nigeria, Mr. Matsunaga Kazuyoshi, praised the success of ongoing JICA projects in the FCT, such as initiatives targeting open defecation, nutrition improvement, and urban development.

He called for deeper collaboration with the FCTA to expand the impact of these projects across more communities in the FCT.

Mr. Nobukuyi Kobe of JICA’s Infrastructure Management Department detailed the objectives of the project, noting that it aims to ensure sustainability in alignment with Nigeria’s government policies.

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He outlined two key outputs: the creation of a regional infrastructure development strategy for Abuja and its satellite towns for the period 2025-2050, and the enhancement of planning and implementation capacities of FCTA officers.

Kobe urged the FCTA to facilitate coordination with the Ministry of Foreign Affairs and approve the reviewed and updated Master Plan, along with the Urban and Regional Planning Act.

He further emphasized the importance of continued collaboration between the FCTA and FCDA to ensure the success of the project.

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