News

SEE Today Black Market and CBN official Exchange Markets:

Published

5 months ago

August 27, 2024

Kayode Sanni-Arewa

By Kayode Sanni-Arewa

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market?

For many Nigerians, especially those engaged in foreign trade, travel, and investments, there is a nagging concern for the dollar-naira black market exchange rate.

The black market rate for dollars to naira, parallel or Aboki FX as some know it will most of the time give different rates from the official CBN rates. The dollar to naira exchange rate at this point was still wiggling up and down. We will discuss in this article how the rate has moved up to this current dollar to naira exchange rate today, August 27, 2024, what drives the rate, and how all these affect the economy of Nigeria. Dollar to Naira Today Black Market. Current Black Market Dollar to Naira exchange rate.

Buying Rate: N1615 Selling Rate: N1620 Official CBN Rates Buying Rate: N1603 Selling Rate: N1605 Football Result|Live Scores Pool Results and Fixtures Understanding the Dollar to Naira Black Market for Forex What is the Black Market? The black market refers to unofficial exchange channels where currencies are traded without government regulation.

This market often provides more competitive rates due to the high demand and limited supply of foreign currencies. Why Do People Use the Black Market? People turn to the black market due to:

Favorable Rates: Often higher than official rates. Accessibility: Easier to obtain foreign currency without stringent regulatory requirements. Factors Influencing Black Market Rates. Economic Policies Government decisions on interest rates, inflation control, and forex regulations by the CBN directly affect the naira’s value. Policy adjustments aimed at stabilizing the naira impact the exchange rates.

News

SAD! Former Speaker Dimeji Bankole, loses mother

Published

9 minutes ago

January 10, 2025

Kayode Sanni-Arewa

By Kayode Sanni-Arewa

Alhaja Monsurat Atinuke Amoke Bankole, mother of former House of Representatives Speaker, Rt. Hon. Dimeji Bankole, has passed.

Alhaja Monsurat was a devout Muslim, philanthropist, and committed community leade during her life and times.

She founded Al Mönsur Islamic Society.

She also held prominent Islamic titles, including Iya Adinni of Egbaland and Iya Sunnah of Alasalatu Society of Nigeria and West Africa.

Burial, according to the family, would take place today, Friday, January 10, 2025, in Abeokuta by 4pm.

She is survived by her husband, Chief Suarau Olayiwola Alani Bankole, a Nigerian Egba businessman and chieftain from Ogun State, who holds the Yoruba chieftaincy titles of the Oluwo of Iporo Ake and the Apena of Egbaland,, children, grandchildren, and several blood relations.

News

Photos: Senator Manu lights up Kurmi LGA in Taraba Central, installs 50 solar powered streetlights

Published

19 minutes ago

January 10, 2025

Austin Ojomah

Still disturbed over power outage in his district, Senator Manu Haruna of Taraba Central Senatorial District again lights up Kurmi LGA in Taraba Central.

This laudable development is coming barely two weeks after the tireless Senator connected Gunduma Ward to the National Grid that attracted dignitaries from the district during its inauguration ceremony.

Senator Manu install 50 solar powered streetlights in Kurmi LGA, Taraba Central

Manu has continued to demonstrate his dedication to improving the lives of his constituents through infrastructure and development projects.

Senator Manu install 50 solar powered streetlights in Kurmi LGA, Taraba Central

On Thursday, 50 solar streetlights were installed in Kurmi Local Government Area, received by the Executive Chairman of Kurmi LGA, Hon. Moses Maihankali, alongside Senator Haruna Manu’s campaign organization.

The solar streetlights have significantly enhanced the look of Baissa, the headquarters of Kurmi LGA, eliminating darkness in key areas and improving safety and visibility. the project ensures that critical areas within the community benefit from the enhanced lighting.

Senator Manu install 50 solar powered streetlights in Kurmi LGA, Taraba Central

Hon. Moses Maihankali lauded Senator Manu’s commitment, not only to Kurmi but across Taraba Central Senatorial District. He commended the Senator’s dedication to infrastructure, healthcare, and humanitarian services, noting that his actions have earned him political trust, respect, and goodwill within the state.

Recall that, Senator Manu’s earlier efforts to connect Kurmi LGA to the national grid, further reinforcing his commitment to providing reliable power to the Senatorial District.

By installing the solar streetlights, Senator Manu ensures an immediate solution to power issues while contributing to the economic growth of Kurmi.

Senator Manu install 50 solar powered streetlights in Kurmi LGA, Taraba Central

Senator Haruna Manu’s focus on sustainable projects continues to position him as a transformative leader in Taraba State.

His investments in infrastructure and human capital development underscore his resolve to address key challenges facing his constituents, paving the way for long-term progress and prosperity.