News
Naira Slumps Further: Black Market Exchange Rate For September 30th, 2024 Revealed
By Mario Deepromoter
Today’s exchange rate for the dollar to naira in the black market.
What is the current Dollar to Naira exchange rate in the parallel market (Aboki fx)? Below is the black market rate for September 29th, 2024. If you’re looking to exchange your dollars for naira, these are the rates you’ll likely encounter.
Dollar to Naira Exchange Rate Today (Black Market – Aboki Rate):
On Sunday, September 29th, 2024, at the Lagos Parallel Market (Black Market), sources from Bureau De Change (BDC) report that a dollar is bought for N1679 and sold for N1690.
Please be aware that the Central Bank of Nigeria (CBN) does not officially recognize the black market (parallel market) and advises individuals seeking foreign exchange to visit their respective banks.
Black Market Dollar to Naira Rate Today:
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1679
Selling Rate N1690
CBN Dollar to Naira Rate Today:
Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1637
Selling Rate N1638
Please note that exchange rates may vary from those provided in this article, as rates can fluctuate across different Forex sources.
Oil Companies Owe Nigeria $6.17 Billion in Unpaid Royalties and Taxes – Report
A recent audit report from the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that oil companies owe the Federal Government a total of $6.175 billion in unpaid royalties and taxes.
As of August 31, 2024, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) was owed $6.071 billion and ₦66.4 billion in outstanding royalties and gas flare penalties. Additionally, the Federal Inland Revenue Service (FIRS) is owed $21.926 million and ₦492.8 million in unpaid petroleum profit taxes, company income taxes, withholding taxes, and VAT as of June 2024.
The NEITI report also highlighted a 9% decline in revenue from the petroleum industry in 2023, down to $16.467 billion from $18.106 billion in 2022. Furthermore, the report noted a total loss of 7.68 million barrels of crude oil in 2023 due to theft and measurement inaccuracies—a sharp 79% drop from the 36.69 million barrels lost in 2022.
News
WATCH moment Tinubu hails FCT minister for his doggedness, sterling performance
President Bola Tinubu has described the Federal Capital Territory, FCT, minister Nyesom Wike as a performing and dogged technocrat.
Naijablitznews reports Tinubu made this assertion during his maiden presidential chat on Monday.
The president rounded up by saying “I doff my hat for the performing minister.
Watch clip below:
News
BREAKING: Human Rights Lawyer Dele Farotimi Released
By Gloria Ikibah
Prominent human rights lawyer and activist, Dele Farotimi, has been released after fulfilling his bail conditions.
Farotimi, who had been in custody over allegations of defaming Senior Advocate of Nigeria and founder of Afe Babalola University, Ado Ekiti (ABUAD), Afe Babalola, regained his freedom on Tuesday morning.
He is currently enroute to his home in Lagos.
Confirming the development, activist and politician Omoyele Sowore stated on X, “I am pleased to report that Dele Farotimi is no longer being held in the prison facilities of Ekiti State and is now returning home to Lagos. The struggle continues!”
Earlier, a Chief Magistrate’s Court in Ado Ekiti granted Farotimi bail, setting conditions that included a N30 million bond, two sureties (one of whom must be a property owner), the submission of his passport, and a restriction on granting media interviews following his release.
News
NASC backpedals reverses Atiku’s appointment as DCNA, replaces him with Yero
By Kayode Sanni-Arewa
Following the intervention by the National Assembly leadership, the National Assembly Service Commission, NASC, has reversed the appointment of Dr Ibrahim Atiku as Deputy Clerk to the National Assembly, DCNA.
The Commission has replaced Atiku with the permanent secretary [Estate and Works Directorate], Engineer Bashir Yero.
This was consequent upon the outcome of a meeting convened Monday night by the Senate President, Godswill Akpabio, with Speaker Tajudeen Abbas and their deputies in attendance.
Present also at the meeting were the Chairman of the NASC, Engineer Ahmed Amshi, two commissioners from NASC, and some permanent secretaries in the NASS bureaucracy.
THE CONCLAVE learnt that the high-level meeting took place in the Senate President’s residence.
Reports from the meeting said that the chairman of the NASC and his commissioners could not justify the appointment of Atiku when asked by the speaker how the choice of Atiku was arrived at.
THE CONCLAVE reports that it was at that point that the commission chairman sought the leave of the Senate President and the Speaker to ask that the permanent secretaries present should excuse them since they could not be sitting over a matter in which they had personal interest.
Upon their return to the room, after the leadership had arrived at a resolution one way or another, it was agreed that Engr. Bashir Yero of Estate and Works Directorate be appointed the DCNA, while Engr Sanda Liman of Procurement Directorate, be redeployed in Estate and Works.
The newly promoted Ibrahim Atiku [to the position of permanent secretary], as resolved and directed, should be deployed in Procurement Directorate.
The NASC is expected to formalise and/or activate the decision soonest.
Source: CONCLAVE
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