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Naira Slightly Appreciates Against Dollar At Parallel Market For June 24
By Kayode Sanni-Arewa
Naira today, Monday, June 24 2024, is exchanging 1,498.636 Naira to 1 US Dollar at the parallel market (black market) in Nigeria according to Naira rate’s Official X handle on Monday. This means that you can get 1 dollar for every 1,498.636 Naira that you exchange.
The black market rate signifies the value at which individuals can trade their dollars for Naira outside the official or regulated exchange channels..
Note that the Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government.
Today, June 24 exchange, indicates that naira gained ₦2 against dollar, compared to yesterday when naira exchanged ₦1,500.032 to $1.
GWG.ng reports that the value of any nation’s currency is determined by aggregate supply and demand.
The forces of Supply and demand are themselves influenced by a number of factors, including interest rates, inflation, capital flow, and money supply.
The most common method to value currency is through exchange rates. The two main exchange rate systems are fixed rate and floating rate systems.
Investors and participants closely monitor these parallel market rates for a more immediate reflection of currency dynamics.
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VIDEO: God’s kingdom is your birthright it’s not negotiable -Bishop Elim(Part 1)
Bishop Godwin Elim, the Senior Pastor at Live for Christ, aka Lifting Assembly in Abuja has said God’s Kingdom is the birthright of believers as this is not negotiable.
Naijablitznews reports Bishop Elim made this assertion on Saturday in his sermon drawing vivid examples from bible passages and real life examples.
This is part one of the series to run through the week.
Watch clip below;
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BREAKING: APC Picks All 20 Chairmanship, 236 Councillorship Seats In Ogun LG Polls
The All Progressives Congress, APC has won all 20 Chairmanship and 236 Councillorship seats in the Ogun LG Polls.
Naijablitznews reports that the Ogun State Independent Electoral Commission (OGSIEC) on Sunday, declared all the 20 chairmanship candidates of the All Progressives Congress (APC) winners of Saturday’s local government elections conducted in the state.
The Chairman of the commission, Babatunde Osibodu also declared all 236 APC councillorship candidates as winners of the election while presenting the official results of the polls at the commission’s headquarters at Oke-Ilewo, Abeokuta, the state capital.
Osibodu said the ruling party, APC, emerged victorious across all the 20 local government areas and 236 wards in the state by polling a total of 613,156 votes cast in the exercise which witnessed major political parties like the Accord Party (AP), African Action Congress (AAC), African Democratic Congress (ADC), Action Democratic Party (ADP) and the All Progressives Congress (APC), participating.
Other political parties that participated in the exercise included the Allied Peoples Movement (APM), All Progressives Grand Alliance (APGA), Labour Party (LP), Peoples Democratic Party (PDP), Social Democratic Party (SDP), Young Progressive Party (YPP), Action People’s Party (APP), Action Alliance (AA), Boot Party (BP), People’s Redemption Party (PRP), National Rescue Movement (NRM) and Zenith Labour Party (ZLP).
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BREAKING: INEC declares Aiyedatiwa of APC winner of Ondo guber election
The Independent National Electoral Commission (INEC) has declared Governor Lucky Aiyedatiwa as the winner of the guber election conducted in Ondo State on Saturday.
Aiyedatiwa, who is the candidate of the All Progressives Congress (APC) in the election.
He polled a total of 366,781 votes to defeat his closest rival in the election, Agboola Ajayi, who is the candidate of the People’s Democratic Party in the election.
The APC cleared all 18 local government areas.
While the PDP polled a total of 117,845 votes, the Labour Party (LP) polled 1,162 votes and the Zenith Labour Party (ZLP) polled 2,692 votes.
Prof Olayemi Akinwunmi announced the result of the Ondo governorship election at the State headquarters of INEC in Akure.
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