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Black Market Dollar To Naira Exchange Rate Today – 19th May 2024
Black Market Dollar To Naira Exchange Rate Today – 19th May 2024....KINDLY READ THE FULL STORY HERE▶
Dollar to Naira Exchange Rate Today
What is the Dollar to Naira Exchange rate at the black market, also known as the parallel market (Aboki fx)?…….CONTINUE READING
See the black market Dollar to Naira exchange rate for 18th May, 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):
- Buying Rate: N1500
- Selling Rate: N1511
On Saturday, 18th May 2024, sources at Bureau De Change (BDC) reported that at the Lagos Parallel Market (Black Market), players were buying dollars for N1500 and selling them at N1511.
Please note: The Central Bank of Nigeria (CBN) does not recognize the parallel market (black market). Individuals looking to engage in Forex transactions are directed 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 | N1500 |
| Selling Rate | N1511 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Buying Rate | N1529 |
| Selling Rate | N1530 |
Please note: The rates you buy or sell forex may differ from what is captured in this article because prices vary.
Report Reveals Dangote Refinery’s Plan To Import 24 Million Barrels Of Crude Oil From US
The Dangote Refinery has announced its intention to purchase a minimum of 24 million barrels of US crude within the upcoming year to expand its processing capacities. According to a Bloomberg report, the $20 billion refinery has issued a term tender for the acquisition of 2 million barrels per month of West Texas Intermediate Midland (WTI) crude for a duration of 12 months, commencing in July. This procurement totals 24 million barrels of crude over the course of one year.
The call for US oil reflects Nigeria’s ongoing struggle to increase its crude production, which is still far below its potential capacity. Dangote’s move to source cheaper supplies from abroad underscores the refinery’s potential influence in global crude and fuel trading.
Elitsa Georgieva, Executive Director at Citac, an energy consultancy specializing in the African downstream sector, commented: “Supply of Nigerian crude is insufficient or unavailable and sometimes unreliable. WTI, on the other hand, is available, with reliable supply and competitively priced. Buying different feedstocks also provides flexibility and optionality for the refinery, so the tender makes economic sense for Dangote.”
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Voter Disillusionment: Archbishop Emeritus of Abuja, John Cardinal Onaiyekan, has cautioned that widespread public belief in a predetermined electoral outcome could lead to severe voter apathy in the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
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Call for Credibility: Speaking on Eagle 102.5 FM, the cleric emphasized that genuine democracy relies entirely on free, fair, and credible polls, warning that flawed processes ultimately yield poor governance and public hardship.
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Institutional Reforms: Onaiyekan stressed the need for systemic improvements—including electoral law reforms and a transparent process for appointing electoral commission leadership—while also highlighting the critical role of security agency neutrality during voting.
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The Explanation: Benue State Deputy Governor Sam Ode has cleared the air regarding his viral outreach in the Idoma community, explaining that handing out bread (“Alia Bread”) and beverages in Igumale was simply a traditional gesture of goodwill and appreciation to welcoming residents, rather than a political stunt.....KINDLY READ THE FULL STORY HERE▶
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Context of the Visit: Speaking at the Living Faith Church in Otukpo, Ode noted that receiving bread has long been a nostalgic sign of hospitality when welcoming visitors. He added that cash palliatives sent by Governor Hyacinth Alia were also distributed to the joyful crowd.
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Dismissing Criticism: Brushing aside public controversy and debate surrounding the items, the Deputy Governor urged critics to focus instead on substantive government efforts aimed at improving public welfare and security across the state.
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Framework Initiative: The Federal Government has initiated the legal and operational framework to introduce state policing in Nigeria, highlighted by a structured seven-week program aimed at drafting a comprehensive National Policing Bill for a dual federal-state structure.....KINDLY READ THE FULL STORY HERE▶
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Current Status Clarified: Speaking in Abuja, Presidential Chief of Staff and Working Group Chairman Femi Gbajabiamila emphasized that no state police services are currently operational, noting that the Nigeria Police Force remains the sole constitutionally recognized agency until the amendment process concludes.
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Legislative Progress: Gbajabiamila outlined that while the Senate passed the constitutional proposal on June 24, 2026, and the House of Representatives cleared the Executive State Police Bill on July 23, 2026, the measures still require ratification by state Houses of Assembly.
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Comprehensive Blueprint: The seven-week drafting process is designed to iron out operational details—such as funding, command structures, and safeguards against political interference—to ensure a seamless transition without compromising institutional standards.
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