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Black Market Dollar To Naira Exchange Rate Today Sunday 16 June 2024

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By Kayode Sanni-Arewa

SEE Black Market Dollar To Naira Exchange Rate Today Sunday 16 June 2024 Can Be Accessed Below.

NOTE PL: 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.

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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 ₦1,550 per $1 at the parallel market otherwise known as the black market, today, Sunday, 16 June 2024, in Lagos Nigeria, after it closed at ₦1,530.00 per $1 on Saturday, 15 June 2024.

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Dollar to Naira (USD to NGN)

Black Market

Exchange Rate Today

Buying Rate of $1 ₦1500

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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, 16 June 2024, is N1500 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.

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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.

Disclaimer: 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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The Top Five Strongest Currencies In The World (+Photos)

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By Ojomah Austin.

Currencies are one of the most important factors in the global economy and play a large role in determining trade agreements, as well as representing the strength and stability of varying nations.

There are over 180 currencies recognised worldwide by the United Nations as legal tender, all with varying strengths. The strongest currency globally doesn’t owe its value to its popularity or usage, but rather to its purchasing power.

Express.co.uk has looked into the strongest currencies of 2024 – and found that neither the British pound nor the US dollar top the list.

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British Pound Currency Note (GBP)

5. British pound

The British pound comes in at fifth on the strongest currency list. First introduced in the 1400s and decimalised in 1971, the independent, free-floating currency is very strong.

The Gibraltar pound, which is ‘pegged’ to the British pound, also comes in at number 5, with the British territory introducing its currency in the 1920s.

Jordanian dinar Currency Note

4. Jordanian dinar

The Jordanian dinar is the fourth strongest currency in the world, with one dinar being valued at 1.07 Pound sterling, and £1 being worth 0.94 Jordanian Dinar.

The dinar entered circulation in Jordan in the 1950s. The land-locked country in the Middle East has an economy largely dependent on oil and gas exports, but also tourism, banking and pharmaceutical sectors.

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Omani Rial Currency Note

3. Omani rial

Largely dependent on oil reserves, Oman’s prosperous economy has led to the nation having one of the world’s strongest currencies. The rial was introduced in Oman, which lies on the southeastern coast of the Arabian peninsula, in the 1970s.

One rial is worth 1.97 Pound sterling, and £1 is worth 0.51 Omani Rial.

Bahraini Dinar Currency Note

2. Bahraini Dinar

Another Middle-Eastern currency tops the charts, with the Bahraini Dinar being the second strongest currency in the world. The diversified economy of Bahrain contributes to its currency’s success, with strong oil, gas, finance and tourism industries.

The dinar was introduced in 1965, with 1 dinar being worth 2.01 Pound sterling, and £1 being worth 0.50 Bahraini Dinar.

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Kuwaiti Dinar Currency Note

1. Kuwaiti Dinar

The strongest currency in the world is the Kuwaiti dinar. One dinar is equal to 2.48 Pound sterling, and £1 is equal to 0.40 Kuwaiti Dinar.

Kuwait, which is a country in the Middle East, introduced the dinar in 1961. The nation’s lucrative oil reserves can attest to its currency’s considerable economic strength, which lies in the Persian Gulf.

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FG shuts Eko Bridge, ramps for 8-week repairs

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The Federal Government has shut down the Eko Bridge and Ramps for eight weeks for essential asphalt resurfacing.

The Federal Controller of Works, Lagos, Mrs Olukorede Kesha, made this known in a statement on Saturday in Lagos.

Kesha said the Federal Ministry of Works plans essential asphalt resurfacing work on Eko Bridge and Ramps for eight weeks effective from Friday, September 20, by 7.00 a.m, through November 20.

According to her, due to the closure, there will be detours and alternate routes for drivers.

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Providing information on how to navigate the area during the closure, she said motorists going to the Island from Funsho Williams Avenue, should use the service lane at Alaka to connect Costain and access Eko Bridge.

“The closure will be full at some sections of the bridge and partial at other sections.

“This critical project aims to improve road safety and enhance the driving experience of motorists.

“The work involves milling of the existing asphalt and relaying new asphalt on the bridge and Ramps. This will address wear and tear and ensure a smoother, safer roadway,” she added.

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‘Fraudster’ Arrested After Murder Attempt  On Hookup Girl In Abuja

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By Ojomah Austin.

 

A 30-year-old internet fraudster, known locally as a “Yahoo Boy,” have been apprehended while attempting to rob and potentially kill a hookup girl at an Abuja hotel, has confessed to luring and robbing four other victims he met through dating sites before being caught by a team from the Nigeria Security and Civil Defence Corps (NSCDC).

The suspect, Joseph Efe, who hails from Edo and Ondo States, was arrested at Top View Hotel in Wuse Zone 5, Abuja, as he attempted to flee after allegedly leaving his victim tied up in the hotel room.

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FCT Commandant of the NSCDC, Olusola Odumosu, who paraded the suspect noted that Efe was apprehended following the officers’ keen observation.

“When he came out of the hotel premises allegedly to meet his accomplice, our officers noticed something was off and stopped him. He tried to escape, but we pursued and apprehended him, and on returning to the hotel, we found a young woman, Olivia Ijeoma Chukwuemeka, bound and gagged,” Odumosu explained.

According to the Commandant, Efe targeted women through dating platforms like Badoo, Tinder, and Insta Love, luring them to hotels with the intention of robbing them.

He met his latest victim, Olivia Ijeoma Chukwuemeka on a dating site – “Coded Runs” before luring her into the said hotel. ‘

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Odumosu revealed that after conducting a thorough investigation, it was revealed that Efe had arrived in Abuja from Lagos on Tuesday, September 17, and had already victimised another woman at a different hotel, FAB, by Top Rank Hotel, adjacent Old Federal Secretariat, Area 1, where he managed to escape due to inadequate security.

Sadly, rather than retreat upon his escape, the adamant suspect then proceeded to Top View Hotel, checked in by 2:30am on Wednesday, September 18, 2024, where he invited his latest victim who arrived at 9am with a promise to pay her a N100,000.

Odumosu who urged hotel owners to prioritise the safety of their guests and to be vigilant against criminal activities occurring on their premises, emphasised that the NSCDC operates with professionalism and does not condone the release of unverified information to the media.

He emphasied that the video circulating on social media regarding the incident was not recorded or released by his team, which he described as highly professional.

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“We are committed to performing our duties with diligence before taking any necessary steps to prosecute or transfer a suspect to the appropriate agency,” he stated.

According to him, the incident serves as a stark reminder of the dangers associated with online dating, highlighting the importance of caution and awareness among users.

The victim, a beautician from Enugu, shared her harrowing experience, stating, “He used my clothes, a cellotape and a pillowcase to tie me up and threatened to kill me with a poisonous injection if I didn’t comply.”

She recalled how he confiscated her Android phone and demanded access to her Opay mobile banking app. “He

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was contemplating what to do next when, thankfully, I was rescued.”

In a separate case, the Commandant also presented another suspect, Usman Ibrahim, who was arrested for vandalising armored cables from a transformer at the Nigeria Atomic Energy Commission’s Nuclear Technology Centre in Sheda Village, Abuja.

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