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SEE Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, October 11th 2024

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By Kayode Sanni-Arewa

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1660 and sell at N1670 on Friday, October 11th 2024, according to sources at Bureau De Change (BDC).

Black market dollar to Naira exchange rate on Friday 11th October 2024 can be accessed below.

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 remember that the rate can shift (either upwards or downwards) within hours

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Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1660 and sell at N1670 on Friday, October 11th 2024, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

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Dollar to Naira (USD to NGN)

Black Market Exchange Rate

Today
Buying Rate N1660

Selling Rate N1670

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Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN) CBN Rate Today

Buying Rate N1650

Selling Rate N1655

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Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

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Video: Niger Residents Scoop Oil From Another faulty Tanker Days After Explosion Killed 96

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Just two days after over 90 people were burnt to death in a tanker explosion that also left scores injured in Niger State, residents massed around another fallen truck in another community.

The fresh incident occurred in Bida town on Monday.

In a widely circulated video online, young persons were seen milling around the broken down truck.

While some managed to scoop, others fled in different directions, apparently to prevent being caught up in an unfortunate situation.

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Premium Times quoted a resident, Yinusa Jiya, as saying, “The people were not even afraid despite earlier assumption that it was petrol.”

Another eyewitness, Fatimah Mohammed, told the newspaper that the tanker was carrying groundnut oil.

“It fell around AYM Shafa filling station yesterday (Monday) and residents stole huge amounts of the groundnut oil dripping from the tanker”, she added.

The development came two days after the deadly tanker explosion that killed about 98 people around Dikko Junction, Gurara LGA, Niger State.

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Daily Trust reports that the death toll from the deadly explosion has been on the rise as some persons who sustained injuries died in the hospitals where they were being treated.

President Bola Ahmed Tinubu while reacting to the situation, mandated the National Orientation Agency (NOA) to step up a campaign against scooping during such a situation.

The Nigerian Governors’ Forum (NGF) said it was worried by the casualty figures and magnitude of burns.

The Niger State Emergency Management Agency (NSEMA) said 86 bodies were mass-buried on Sunday.

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Several other injured victims are still receiving treatment for first degree burns in various hospitals.

Authorities have blamed citizens for the devastating loss of lives and injuries in the explosion, saying the fire was ignited by those trying to scoop fuel.

Niger State has suffered several incidents in the past which resulted in several loss of lives.

More than 50 travellers died in a midnight tanker explosion along the Agaie-Badeggi road on September 8, 2024.

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Watch video below:

https://twitter.com/i/status/1881656404005822674

 

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Tinubu Gov’t Approves Construction Of New Refinery In Nigeria

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President Bola Tinubu‘s government has granted a license to establish a new refinery through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

This license has been awarded to MRO Energy Limited, an energy firm, for the construction of a refinery with a capacity of 10,000 Barrels Per Stream Day to be located in Imode, Ughelli, Delta State.

Naija News reports that this announcement follows the previous issuance of a license to Process Design and Development Limited two months ago, allowing for the creation of a new refinery with a capacity of 27,000 barrels per day in the Dole-Wure area of Akko, Gombe State.

In a statement posted on its official X account on Tuesday, the authority noted, “The Authority Chief Executive, Engr. Farouk Ahmed, presented a License To Establish a 10,000 Barrels Per Stream Day Refinery at Imode in Ughelli, Delta State, to MRO Energy Limited.”

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This recent development indicates that Nigeria now officially possesses approximately 11 modular and conventional refineries, thereby enhancing the nation’s refining capabilities.

Earlier this month, the Petroleum Products Retail Outlets Owners Association of Nigeria announced a partnership aimed at establishing a new refinery with an initial capacity of 50,000 barrels per day.

Nevertheless, despite the increase in the number of refineries, many remain inactive, with several not operating at full capacity or efficiency.

The Nigerian Upstream Petroleum Regulatory Commission has set a target of 770,500 barrels of oil per day for domestic refineries.

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Notorious bandit Bello Turji frees all captives as military plan assault

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Notorious bandit leader Bello Turji has reportedly released all individuals held captive by his group.

Lake Chad Basin counter-terrorism and insurgency expert, Zagazola Makama, made this announcement on Tuesday, January 21, 2025.

This information came to light following increased military operations aimed at capturing the fugitive and dismantling his network in Zamfara State and surrounding regions.

It was discovered that Turji’s decision to “free the captives is linked to the intense pressure from the Nigerian Armed Forces under Operation Hadarin Daji and Operation Forest Sanity.”

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Recent airstrikes and ground offensives targeting his hideouts in Fakai, Shinkafi, and nearby areas have significantly weakened his group, leading to their retreat.

Makama stated, “The release of the captives is being seen as a strategic move by Turji to avoid further escalation or a direct confrontation with security forces who have been closing in on him.

“The troops have vowed to get him whether dead or Alive.”

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