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January 13, 2024: What You Need to Know About Black Market Dollar To Naira Exchange Rate Details
Check out the exchange rate for the black market Dollar to Naira on January 12th below. These are the prevailing rates for swapping your dollar to Naira…..CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
Curious about the current Dollar to Naira rate in the black market today? Black market Dollar to Naira exchange rate today (Aboki dollar rate):
At the Lagos Parallel Market (Black Market), traders are purchasing a dollar for N1255 and selling it for N1265 as of Friday, January 12, 2024, based on information obtained from Bureau De Change (BDC) sources.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market (black market). The CBN directs individuals interested in Forex transactions to approach their respective banks.
Current Dollar to Naira Black Market Rate Dollar to Naira (USD to NGN) Black Market Exchange Rate Today Buying Rate N1255 Selling Rate N1265 CBN Rate for Dollar to Naira Today Dollar to Naira (USD to NGN) CBN Rate Today Buying Rate 892 Selling Rate 893 Keep in mind that the forex rates for buying or selling may differ from those presented in this article due to market fluctuations.
Naira Experiences 19% Surge, Reaching N874.79/$ in NAFEM
In a significant financial development, the Nigerian naira demonstrated substantial growth in the Nigerian Foreign Exchange Market (NAFEM), appreciating to N874.79 per dollar.
This marks a remarkable 19 percent increase from its previous rate of N1,082.32 per dollar recorded on Wednesday, according to Elizabeth Adegbesan.
Data from FMDQ indicates that the indicative exchange rate for NAFEM saw an appreciation of N207.53, signifying a notable upturn for the naira.
Throughout the day’s trading, the intraday high peaked at N1,264.96 per dollar, while the low reached N475 per dollar, resulting in a significant margin of N789.96 per dollar.
During Wednesday’s trading session, the Nigerian naira continued its ongoing currency fluctuation against the greenback within the official foreign exchange segment. Figures published by the Central Bank of Nigeria (CBN) indicated an official exchange value of ₦1,326.6862 per dollar on Wednesday, shifting slightly from the ₦1,329.4300 rate registered on Tuesday. Meanwhile, parallel market channels saw the naira settle at a rate of ₦1,405 against the dollar.....KINDLY READ THE FULL STORY HERE▶
The actual figures offered across commercial banks, Bureau de Change (BDC) outlets, and independent FX providers often vary from baseline reference figures due to individual operating margins alongside fluctuating supply and demand dynamics. Financial analysts and traders remain closely tuned to shifts in foreign exchange inflows, greenback demand, and upcoming regulatory adjustments by the CBN to gauge whether the local currency can maintain its upward momentum throughout the remainder of the month.
Miyetti Allah Kautal Hore has issued an ultimatum to the All Progressives Congress (APC), warning that the group will withdraw its backing in the 2027 general elections unless the Department of State Services (DSS) sets its National President, Bello Bodejo, free. During a press conference held at Bodejo’s home in Uke, Karu Local Government Area of Nasarawa State, the Fulani socio-cultural association declared it would only support candidates and political parties genuinely dedicated to the welfare and progress of the Fulani community.....KINDLY READ THE FULL STORY HERE▶
During a press briefing held at Bodejo’s home in Uke, located within the Karu Local Government Area of Nasarawa State, the Fulani socio-cultural association declared that its large voting bloc would exclusively support political candidates and parties that actively prove their dedication to the progression and well-being of the Fulani community.
Conveying the group’s grievances, Nasarawa State Chairman Akhajo Abubakar voiced deep frustration regarding the ongoing incarceration of their leader. Abubakar emphasized that the organization’s political direction and voter alignment in the upcoming polls will heavily depend on how leadership and members of the community are treated by the ruling establishment. Highlighting their political leverage, Abubakar noted that the Fulani community boasts over one million registered voters in Nasarawa State alone, giving them substantial muscle to sway electoral results.
This political friction surfaced on the heels of Bodejo’s fresh detention by operatives of the DSS, which occurred immediately after he secured his release from the custody of the Economic and Financial Crimes Commission (EFCC). Prior to this second detention, legal representatives of the Miyetti Allah leader had successfully satisfied all requirements tied to his administrative bail. However, as Bodejo was departing the EFCC national headquarters in Abuja on a Friday, DSS agents intercepted him and took him back into custody.
Nigerian Army troops successfully rescued Mrs. Adonkie—wife of retired Brigadier General Basil Adonkie—from suspected kidnappers in the Federal Capital Territory (FCT) and apprehended two members of the gang. Mrs. Adonkie was originally abducted from her Abuja home on Tuesday, September 1.....KINDLY READ THE FULL STORY HERE▶
Upon learning of the incident, soldiers from the Guards Brigade and the Army Headquarters Garrison quickly mobilized a tracking operation. Acting on intelligence, the troops tracked the suspects toward the Aco Estate and Goza Community area, where they engaged the kidnappers. Faced with the military’s overwhelming firepower and rapid response, the criminals abandoned their captive and fled into the bushes, allowing soldiers to safely rescue Mrs. Adonkie at Angwan Sabo Village.
The military immediately expanded its search toward the Aco Estate and Angwan Sayawa axis, deploying reinforcements to seal off potential escape routes. The operation pressed forward on Wednesday, September 2, culminating in troops intercepting and arresting two suspected gang members near Gaube village in the Kuje Area Council. Alongside the arrests, soldiers recovered an AK-47 rifle, a magazine, and 19 rounds of 7.62mm special ammunition. Security forces are maintaining ongoing clearance and tracking patrols across neighboring communities to hunt down the remaining members of the syndicate.
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