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Latest Update: Black Market Dollar To Naira Exchange Rate On January 2, 2024

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View the Dollar to Naira exchange rates in the black market for January 1st below. These rates indicate the buying and selling values for exchanging your dollars to Naira…CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

 

 

In Lagos Parallel Market (Black Market), traders reportedly buy a dollar for N1210 and sell at N1215 as of Monday, January 1st, 2024, according to sources in the Bureau De Change (BDC).

It’s important to note that the Central Bank of Nigeria (CBN) officially does not recognize the parallel market (black market), directing individuals engaged in Forex transactions to approach their respective banks.

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Dollar to Naira Black Market Rate Today:

  • Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
    • Buying Rate: N1210
    • Selling Rate: N1215

Dollar to Naira CBN Rate Today:

  • Dollar to Naira (USD to NGN) CBN Rate Today
    • Buying Rate: 898
    • Selling Rate: 899

Keep in mind that the rates for buying or selling forex may vary from those presented in this article as prices fluctuate.

In a recent report by the National Bureau of Statistics (NBS), it was disclosed that 27 states in Nigeria did not attract any foreign investments during the first nine months of 2023. This slight decrease from the first half of the year, where 28 states recorded zero foreign investments, raises concerns about the investment climate in these states.

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The list of the 27 states that attracted no foreign investments in the first nine months of 2023:

  1. Bauchi
  2. Bayelsa
  3. Benue
  4. Borno
  5. Cross River
  6. Delta
  7. Ebonyi
  8. Edo
  9. Enugu
  10. Gombe
  11. Imo
  12. Jigawa
  13. Kaduna
  14. Kano
  15. Katsina
  16. Kebbi
  17. Kogi
  18. Kwara
  19. Nasarawa
  20. Osun
  21. Oyo
  22. Plateau
  23. Rivers
  24. Sokoto
  25. Taraba
  26. Yobe
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“Kachikwu Not Our Member, He Was Expelled – Ex-ADC Chairman Nwosu Declares”.

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The founder and pioneer National Chairman of the African Democratic Congress (ADC), Ralph Nwosu, has spoken on the ongoing internal crisis in the party, blaming it on internal conflicts and disruptive individuals.....KINDLY READ THE FULL STORY HERE▶

reports that Nwosu made the comments during an interview with Punch, where he explained the background to several decisions taken within the party over time.

Speaking on internal reforms, he said the ADC was forced to review and amend its constitution following what he described as disruptive behaviour by certain members.

He explained that stricter rules were introduced to prevent individuals from joining the party and quickly securing tickets without proper screening of their intentions.

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According to him, the decision was influenced by past experiences involving internal challenges that affected party stability.

Nwosu also confirmed that Dumebi Kachikwu was expelled during a party convention, adding that the party later moved on to support the Labour Party presidential candidate during the general election.

He accused Kachikwu of playing a destabilising role within the party, describing his actions as destructive and harmful to its unity.

The ADC founder insisted that Kachikwu is no longer a member of the party, saying his claim to still represent the party was no longer valid following his expulsion.

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He also criticised Kachikwu for continuing to publicly present himself as a presidential candidate of the ADC, stating that such a position had already expired.

Nwosu further alleged that ongoing tensions within the party are being influenced by a mix of internal actors and external interests, which he said has distorted the true nature of the dispute.

He added that individuals linked to the crisis have become entangled in broader political narratives, insisting that the situation is being exaggerated in the public space.

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“Bala Mohammed’s Alleged Defection Sends Shockwaves Through Political Circles”.

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Supporters and loyalists of Bauchi State Governor, Bala Mohammed, are facing growing uncertainty over his possible defection from the Peoples Democratic Party (PDP), following ongoing consultations and mixed political signals.....KINDLY READ THE FULL STORY HERE▶

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“Peter Obi Supporters Clash With Atiku, Demand ADC South Ticket And INEC Chair’s Exit”.

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Supporters of the 2023 presidential candidate of the Labour Party, Peter Obi, have criticised former Vice President Atiku Abubakar over his recent remarks on Nigeria’s presidency and are calling on the African Democratic Congress (ADC) to zone its 2027 presidential ticket to the South.....KINDLY READ THE FULL STORY HERE▶

The group, known as the PETOOPO movement, made the demand during a press briefing at the Nigeria Union of Journalists Secretariat in Jos, Plateau State.

Speaking at the event, the National Convener, Magnus Oraka, said the group was issuing what he described as two “urgent and non-negotiable advisories” on political fairness and electoral credibility.

He stated that the briefing was aimed at addressing concerns involving both the ADC leadership and the Independent National Electoral Commission (INEC).

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Oraka urged the ADC to ensure its presidential candidate emerges from the Southern region ahead of the 2027 election.

According to him, fielding a Northern candidate could weaken opposition unity and affect the party’s chances at the polls.

He argued that zoning the ticket to the South would promote balance and strengthen political stability ahead of the election.

The group also dismissed Atiku’s recent comments suggesting imbalance in Nigeria’s rotational presidency, insisting that historical records support their position that the South has a stronger claim to the office in the current cycle.

Oraka further criticised Atiku’s repeated presidential bids, describing them as a distraction to national unity and urging him to step aside for Southern aspirants.

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In addition, the PETOOPO movement called for the resignation of the Chairman of INEC, Joash Amupitan, accusing him of partisanship and interference in internal party matters.

Oraka alleged that recent actions by the electoral body had raised concerns about its neutrality and ability to conduct fair elections.

The group warned that failure to address their demands could escalate political tensions, while insisting that fairness, zoning, and electoral credibility remain central to Nigeria’s democratic process ahead of 2027.

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