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SEE Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 30th December 2024

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

See the black market Dollar to Naira exchange rate for 29th December, below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the black market?

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

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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 Sunday 29th December 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)

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Black Market Exchange Rate Today

Buying Rate

N1660

Selling Rate

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N1670

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)

CBN Rate Today

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Highest Rate

N1550

Lowest Rate

N1532

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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.

Meanwhile, the Nigerian currency, the Naira, is expected to decline to a fair value of ₦1,804 per dollar in the official market by 2025.

This forecast is outlined in a recent Afrinvest report, ‘Beyond The Rhetorics: Transforming Reforms to Tangibles’.

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President Tinubu Declines Assent To Federal University of Education Bill

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By Gloria Ikibah
President Bola Tinubu has declined assent to the Federal University of Education Numan, Adamawa State (Establishment) Bill, 2024.
The President in a letter transmitted to the House of Representatives and read by the Deputy Speaker, Benjamin Kalu, on Tuesday at plenary.
The bill sponsored by Senator Binos Yaroe, lawmaker representing Adamawa South Senatorial District, was passed by the National Assembly in 2024 and transmitted to the President for assent.
In the letter, President Tinubu raised concerns over Section 22 of the bill, which grants the authority to dispose of land belonging to the federal institution to the Adamawa State Governor, and emphasised that the President has authourity on issues relating to Federal Government-owned property, especially federal-owned universities.
The letter read in part: “Pursuant to section 58(4) of the 1999 Constitution of the Federal Republic of Nigeria as amended, I hereby convey to the House of Representatives my decision taken on December 23, 2024, to decline presidential assent to the Federal University of Education, Numan Establishment Bill 2024 recently passed by the National Assembly.
“I am declining assent to the bill as Section 22 of the bill confers the authority to the disposal of the land of the university on the governor and not the President as it ought to be in the case of land belonging to the federal government”.
At a stakeholders’ forum last week in Mayo-Belwa Local Government Area of Adamawa State, Senator Yaroe stated that President Tinubu did not reject the bill, and noted that he only pointed out clerical errors in the proposed legislation.
He explained, “The President pointed out certain errors in the bill that needed to comply with the constitution. For instance, we mistakenly assigned the power to grant land authority to the governor instead of the President, who is the rightful visitor for the institution. We will rectify this error by replacing the governor with the president in the bill”.
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Tinubu Snubs Suit Seeking His Removal, Says Court Has No Authority

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By Kayode Sanni-Arewa

President Bola Tinubu has asked the Federal High Court in Abuja to dismiss a suit seeking to compel the National Assembly to initiate impeachment proceedings against him over alleged rights violations.

The suit, filed by a legal practitioner, Mr. Olukoya Ogungbeje, alleged that President Tinubu’s administration had suppressed peaceful protests, which amounts to an impeachable offense.

However, President Tinubu and the Attorney-General of the Federation (AGF), Prince Lateef Fagbemi, SAN, have challenged the suit, questioning the plaintiff’s legal right to institute the action. They argued that the plaintiff failed to disclose any reasonable cause of action and that the court lacks jurisdiction to hear the matter.

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In a joint preliminary objection, the defendants listed 18 reasons why the case should be terminated. They claimed that the plaintiff filed the action on behalf of “faceless citizens” without disclosing the persons whose rights were allegedly violated.

According to the defendants, only the person whose right was breached has the right to file an action before the court to seek redress, as provided by Section 46 of the 1999 Constitution.

The defendants also argued that the plaintiff’s questions for determination were based on an alleged breach of the 1999 Constitution by President Tinubu, but failed to disclose any of his rights that were breached.

In a counter affidavit, a principal state counsel in the Federal Ministry of Justice, Gbemga Oladimeji, averred that President Tinubu’s administration has been a promoter of democratic tenets, allowing people to air their grievances and conduct peaceful protests.

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“I know for a fact that the protest conducted between 1st August 2024 and 10th August 2024 was peaceful, as there was a court order limiting the protesters to demonstrate within a confined location,” he said.

Justice James Omotosho has adjourned the case till March 4 to enable the counsel representing the plaintiff to respond to the preliminary objection by President Tinubu and the AGF.

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Social Media On Fire As Cubana Chief Priest Mocks Burna Boy’s Grammy Loss

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By Kayode Sanni-Arewa

The ongoing feud between Nigerian socialite Cubana Chief Priest and Afrobeat superstar Burna Boy has taken another turn after the singer’s recent Grammy loss.
In a post on his social media, Cubana Chief Priest threw a sarcastic jab at Burna Boy, who was nominated for a Grammy but ultimately did not win the prestigious award.

The socialite, who has had a long-standing back-and-forth with Burna Boy, commented, “If Diddy was outside this year, the Grammy wouldn’t have slipped from Burna’s hand.” This remark quickly stirred a storm of reactions from followers and fans alike.

The comment seems to reference a recent incident involving Burna Boy and an alleged controversy regarding his Grammy chances. Cubana Chief Priest, known for his vocal and sometimes controversial opinions, hinted at the possibility that things could have turned out differently if other prominent figures like Sean “Diddy” Combs had been involved.

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This indirect shade comes on the back of a heated public exchange between the two, which began months ago with various criticisms and insults being exchanged online.

The reaction from fans was swift. Many took to social media to express their thoughts on Cubana Chief Priest’s comment, with some supporting his opinion and others defending Burna Boy. A user, Gabriel Onifade, asked, “Why does he always refer to Burna Boy as Diddy? Can someone explain?”

Others, like Joe, added humorously, “But na true, Bolna for don bend collect again. Even the other guy fit don bend too.”

On the other hand, Femi Peters reminded Cubana Chief Priest, saying, “Na Burna wey don collect Grammy you dey shade, but your own bestie too was nominated and lost, no Grammy, nothing. This dude is never serious.” While some fans were calling for peace and urging people to focus on the positive sides of the music industry, others seemed to enjoy the drama.

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One fan, Blessedpeter, voiced their personal opinion about Burna Boy’s recent behavior, saying, “For Once I’m Happy The Way Cubana Chief Priest Is Shading Burna Cos Of Recent Burna Has Been Acting and Talking With So Much Arrogance… I Lost all Respect For Him When He Kicked That Poor Fan Who Jumped On His Stage.”

However, some defended Burna Boy, arguing that the Grammy should not be the focal point of the conversation. Lord_nigga retorted, “It’s very obvious that you all are jealous of Burna’s Grammy win. Nigerians have lost interest in Grammy for so many years now, until Burna Boy stepped in and got his first nomination. Put some respect on Burna’s name!”

Cubana Chief Priest’s comment has only reignited the flames of an already heated rivalry. The constant jabs between him and Burna Boy seem to have become a regular spectacle for social media users, who are either entertained by the drama or frustrated by the ongoing tensions.

As the debate continues, it’s clear that the relationship between Burna Boy and Cubana Chief Priest is far from friendly, and the Grammy snub seems to have added another layer to their already complicated history. Whether the feud will escalate further remains to be seen, but for now, it continues to fuel online conversations and reactions.

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