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SEE Today’s Black Market Exchange Rate: USD To NGN On October 13, 2024
By Mario Deepromoter
Today’s Black Market Exchange Rate: USD To NGN On October 13, 2024The Dollar to Naira exchange rate in the black market, also referred to as the parallel market, is as follows for October 12, 2024. Individuals can exchange their dollars for naira at these rates.
As of Saturday, October 12, 2024, the exchange rate at the Lagos Parallel Market (black market) is reported by Bureau De Change (BDC) operators to be as follows:
Buying Rate: N1690
Selling Rate: N1700
It’s important to note that the Central Bank of Nigeria (CBN) does not acknowledge the parallel market and advises individuals seeking to engage in foreign exchange to do so through their respective banks.
Official CBN Exchange Rate Today
•Buying Rate: N1625
•Selling Rate: N1626
Please keep in mind that the rates for buying or selling foreign currency may differ from those stated here, as prices can fluctuate.
NNPCL Fuel Price Increase Explained
Petroleum marketers have confirmed that the recent rise in fuel prices by the Nigerian National Petroleum Company Limited (NNPCL) is attributed to the complete removal of subsidies on Premium Motor Spirit (petrol).
As a result, pump prices have been raised to ₦1,030 per litre in Abuja, the Federal Capital Territory, and ₦998 per litre in Lagos. This information was provided by Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria, during an interview with DAILY POST on Wednesday.
Ukadike’s comments followed the announcement of the latest price adjustments at NNPC stations, which saw the price rise from ₦897 per litre to ₦1,030. This increase follows a previous hike where the price jumped from ₦617 to ₦897 per litre.
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SEE Black Market Dollar To Naira Exchange Rate today 3rd November, 2024
SEE Black Market Dollar To Naira Exchange Rate today 3rd November, 2024
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.
How much is a dollar to naira today in the black market?
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 N1713 and sell at N1720 on Saturday 2nd November 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
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1713
Selling Rate N1720
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1669
Selling Rate.
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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Corruption and Accountability in Journalism: A Call for Reform within the NUJ-FCT Council
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I never said churches should be dismantled -Peter Obi
By Gloria Ikibah
The Labour Party leader, Peter Obi, has responded to what he described as a “mischievous distortion” of his recent statements on religion and productivity.
The clarification follows reactions to Obi’s recent interview, which some headlines falsely suggested called for the “dismantling of churches” in Nigeria.
According to a statement by the Spokesperson Peter Obi Media Reach (POMR), Ibrahim Umar, this misrepresentation “greatly overturned and grossly distorted” the true message Obi intended to convey.
Umar emphasized that Obi, known for his strong faith and respect for all religions, sought to address how Nigerians could make religion more effective in their daily lives. In the interview, Obi highlighted the biblical teaching that “faith without works is unhelpful,” referencing Apostle James’ words in the Bible (James 2:14 and James 2:24). His point, they said, was to encourage Nigerians to balance worship with productive work.
“When Obi said that he would turn night vigil into a production night, he was only stressing the importance of worshipping God through work,” the statement read.
Obi’s office explained that he meant night vigils should not replace productive effort, aligning with his message of turning Nigeria “from consumption to production.”
POMR cited more biblical references to support Obi’s view on the need for work, including Proverbs 14:23, which states, “All hard work brings a profit, but mere talk leads only to poverty.” The statement added that in the Bible, Jesus chose his disciples from among working individuals, such as fishermen and tax collectors, rather than those who were idle.
Obi’s media team stated that his comment that “politics and church… have to be dismantled” was a call for change in worship practices that encourage a productive mindset while maintaining faith. His other statement, “We are going to turn night vigil into night shift so that people can be productive,” was intended to inspire Nigerians to see work as a form of worship.
Umar therefore urged the public to disregard the “mischievous” headlines and understand Obi’s message as one that seeks to build a productive society.
“OBI’S message should resonate properly away from the intention of mischief makers,” Umar stated, reinforcing Obi’s campaign promise to drive Nigeria towards a more production-focused future.
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