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Keep Track Of Your Currency: Naira To Dollar Black Market Rate On September 11, 2023

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Keep Track Of Your Currency: Naira To Dollar Black Market Rate On September 11, 2023....KINDLY READ THE FULL STORY HERE▶

What is the current exchange rate between the US Dollar and the Nigerian Naira in the unofficial market, commonly referred to as the black market or Aboki FX? Find the black market exchange rate for the Dollar to Naira on the 10th of September below. You can utilize these rates for converting your Dollars to Naira.

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What is the Dollar to Naira rate today in the black market? Here’s the current exchange rate for the US Dollar to Naira in the black market, as per Aboki dollar rates:

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At the Lagos Parallel Market (Black Market), traders are buying the US Dollar for N920 and selling it for N925 on Sunday, the 10th of September 2023, based on information obtained from Bureau De Change (BDC) sources.

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It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market (black market) for foreign exchange transactions. Instead, the CBN instructs individuals seeking to engage in forex activities to approach their respective banks.

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Today’s Black Market Exchange Rate for the US Dollar to the Nigerian Naira

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N920
Selling Rate N925

Please be aware that the rates at which you purchase or sell foreign exchange may differ from the figures presented in this article due to market fluctuations.

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Nigeria’s Trade Deficit Hits N5.7 Trillion In Q2 2023

The Foreign Trade Statistics report reveals that Nigeria recorded a trade deficit of N5.7 trillion in the second quarter of 2023. According to the report published by the National Bureau of Statistics (NBS) on Thursday, Nigeria’s total trade volume amounted to N12.7 trillion, with total exports valued at N7 trillion and total imports standing at N5.7 trillion.

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In the meantime, Nigeria has generated N3.48 trillion in revenue from Value Added Tax (VAT) and Company Income Tax (CIT) in the first half of 2023 (H1’23). According to data from the National Bureau of Statistics (NBS), this figure represents a 17 percent year-on-year increase from N2.97 trillion in the corresponding period of 2022 (H1’22).

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The VAT revenue amounted to N1.49 trillion in H1’23, marking a 25 percent year-on-year rise from N1.19 trillion in H1’22.

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Senegal Lawmakers Pass Bill Toughening Prison Terms For Homosexuality.

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Senegal’s parliament has passed a bill that doubles prison sentences for homosexual acts, making the West African nation the latest in Africa to impose harsher penalties on the LGBTQ+ community.....KINDLY READ THE FULL STORY HERE▶

The legislation, introduced last month by Prime Minister Ousmane Sonko, labels homosexual acts as “against nature” and increases punishments from one–five years to five–10 years in prison.

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Reports indicate that nearly all lawmakers voted in favour during Wednesday’s plenary session, with no opposition and only three abstentions. The bill now awaits presidential approval to become law.

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According to Naija News, the proposed law also targets the “promotion” or “financing” of homosexuality, aiming to crack down on organisations supporting sexual and gender minorities. Fines for the offence have been raised to a maximum of 10 million CFA francs ($17,609), though it remains classified as a misdemeanour rather than a crime. Lawmakers argued that the previous 1966 legislation was too lenient.

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The bill categorises homosexuality alongside necrophilia and bestiality under “acts against nature” offences but also criminalises false accusations of homosexual acts without proof.

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Currently, over 30 of Africa’s 54 countries criminalise same-sex sexual acts. Senegal now joins nations such as Kenya, Sierra Leone, and Tanzania, where penalties can reach 10 or more years in prison. In Somalia, Uganda, and Mauritania, the offence can carry the death penalty.

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Religious groups promoting Islamic values have supported the measure, organising rallies in recent weeks. Police have reportedly arrested at least a dozen individuals suspected of homosexual activity.

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The bill fulfils a campaign promise made by Sonko while in opposition and represents a major shift in Senegal’s approach to homosexuality, reflecting conservative social attitudes in the predominantly Muslim nation.

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Rights advocates have expressed concern about the law’s potential impact on LGBTQ+ individuals and supporting organisations. The legislation now awaits signature from the President before it can take effect.

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Full List: 12 Lawmakers Dump PDP In Fresh Defection Blow.

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A wave of defections hit Nigeria’s House of Representatives on Thursday, as 12 lawmakers formally announced their exit from their respective political parties.....KINDLY READ THE FULL STORY HERE▶

The development was disclosed by the Deputy Speaker, Benjamin Kalu, during plenary. Six lawmakers moved from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC), while another six left the Young Progressives Party (YPP) and the Labour Party to join the African Democratic Congress (ADC).

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Kalu explained that several lawmakers had submitted letters notifying the House of their political realignment.

“Honourable James, yes please. We have seen the reason you are due is the basic reason that most of the people who have left PDP have our dues, and you like what the president is doing with APC, so you are welcome on board,” Kalu said.

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He added that lawmakers who had defected would later be formally recognised with photographs alongside the presiding officer.

Kalu welcomed the first batch of PDP lawmakers into the APC, including Bamisele Komolafe Beatrice Lowery, whose defection letter was read during the session. Others included Muktar Aliyu Betara and Zakari Dauda Nyampa.

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Several lawmakers also announced their departure from opposition parties to join the ADC. Peter Ifeanyi Uzokwe moved from YPP to ADC, while Bright Iyamu Jesse Oke Onakpasa and Shuaib Abiola Sowunmi resigned from the Labour Party to join the ADC. Kalu noted that ceremonial announcements would be made when all defecting lawmakers are physically present in the chamber.

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Other lawmakers recognised during the session included Murphy Osaro Omoruyi, Jafaru Yakubu, Prince Sadiq Abbas Tafida, Victor Afam Ogene, Kafilat Ogbara, Peter Udo Udofia, Professor Obi Lilian Orogbu, Barrister Mohammed Bello Shehu, Dankawu Idris, Hassan Shehu Hussaini, Muhammad Ghali Tijjani, and Jimbo Ibrahim.

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Concluding the announcement, Kalu described the defections as part of ongoing political realignments in the National Assembly:

“This is a clear demonstration of political realignment, and we welcome all lawmakers into their new parties. It reflects the will of the people and the ongoing changes in our political system.”

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Uba Sani Speaks On ‘Anointed’ Political Aspirants Ahead Of 2027 Elections.

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The Governor of Kaduna State, Uba Sani, has dismissed claims that he endorsed candidates for the 2027 general elections, describing them as false, misleading, and fabricated.....KINDLY READ THE FULL STORY HERE▶

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A statement issued by the Ahmed Maiyaki, Commissioner for Information, clarified that Governor Sani has not given preferential support to any individual seeking elective office.

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Maiyaki emphasized that Sani remains committed to democratic principles and supports a transparent, fair, and inclusive process, allowing party members and stakeholders to select candidates through constitutionally established mechanisms.

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The statement added that the governor is currently focused on governance and implementing policies and programmes to improve the welfare of Kaduna State residents, rather than engaging in premature political endorsements.

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The Commissioner urged the public to disregard the report and warned individuals and groups against spreading fake news or politically motivated misinformation, noting that such actions could create unnecessary tension and mislead the public.

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“The attention of the Kaduna State Government has been drawn to a misleading message circulating on social media alleging that Governor Uba Sani has endorsed certain aspirants for elective positions. This claim is entirely false and should be disregarded,” the statement concluded.

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