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Black Market Dollar (USD) To Naira (NGN) Exchange Rate For May 21, 2024

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Black Market Dollar (USD) To Naira (NGN) Exchange Rate For May 21, 2024....KINDLY READ THE FULL STORY HERE▶

Dollar to Naira Exchange Rate Today

What is the current Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx)? Here are the rates for May 20, 2024. You can exchange your dollar for Naira at the following rates………CONTINUE READING

 

 

 

 

 

Today’s Dollar to Naira Exchange Rate in the Black Market

On May 20, 2024, at the Lagos Parallel Market (Black Market), players buy a dollar for N1460 and sell at N1490, 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) and advises individuals seeking foreign exchange to approach their respective banks.

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Black Market Exchange Rate Today:

  • Buying Rate: N1460
  • Selling Rate: N1490

Official CBN Exchange Rate Today:

  • Buying Rate: N1500
  • Selling Rate: N1501

Please note that the forex buying or selling rates may differ from those mentioned in this article as prices vary.

CBN Withdraws Directive on Cybersecurity Levy Collection

The Central Bank of Nigeria (CBN) has officially rescinded its directive requiring banks and payment service providers to collect and remit fees under the Cybercrime Prevention and Prohibition Amendment Act of 2024.

In a revised circular dated May 17, 2024, the CBN announced this significant policy reversal. The initial mandate, outlined in a May 6 circular, aimed to bolster national cybersecurity measures by enforcing a national cybersecurity levy from financial institutions.

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Naija News reports that the revised circular, signed by the Director of Payment Systems Management, Chibuzor Efobi, and the Director of Financial Policy and Regulation, Haruna Mustafa, effectively nullifies the previous directive.

Titled “Re: Cybercrimes (Prohibition, Prevention, Etc.) (Amendment) Act 2024 – Implementation Guidance on the Collection and Remittance of the National Cybersecurity Levy,” it indicates a complete withdrawal of the earlier circular and a pause in enforcing the levy collection.

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“I Was Misled!” – Nafiu Bala Claims He Was Deceived Into ADC Handover Event.

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A new dimension has been added to the leadership crisis within the African Democratic Congress (ADC), as factional figure Nafiu Bala has accused former party national chairman Ralph Nwosu of allegedly deceiving him into attending a major party gathering.....KINDLY READ THE FULL STORY HERE▶

Speaking in an interview on AIT on Monday, Bala said he was invited under the impression that the meeting was a routine event meant to welcome new entrants into the party. However, he claimed he later discovered that the gathering was actually organised to unveil a new leadership structure reportedly headed by David Mark.

He explained that the true nature of the event only became clear after proceedings had already commenced, adding that it coincided with the resignation of Nwosu and the announcement of a new set of party executives.

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According to Bala, the development represented a significant turning point in the internal crisis within the ADC, noting that the emergence of a leadership bloc associated with David Mark and other figures deepened existing divisions in the party.

Bala alleged that he was initially told the event was a simple adoption of new members, but later realized it was a formal handover involving the new coalition leadership. He also said that on the same day, Nwosu announced his resignation while unveiling new party officials, including names such as David Mark and Rauf Aregbesola.

He added that the situation further escalated tensions within the party, as different factions continued to contest control of the ADC structure.

Following the event, Bala said he moved to address the developments through internal party channels, including convening consultations and a National Executive Council meeting about a week later.

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He further stated that after the consultations, he notified the Independent National Electoral Commission (INEC) of his position as deputy national chairman and declared himself acting national chairman of the party.

Bala also alleged that the crisis worsened after he discovered what he described as irregularities, including claims that his signature was forged on documents linked to the resignation of some party officials. He said the disputed documents were used to facilitate the emergence of a new leadership team.

He concluded by saying he had taken legal steps against the faction aligned with David Mark and also made his position public through media channels.

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Shock Defection: Senator Abbo Dumps ADC In Sudden Political Move.

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Former federal lawmaker, Ishaku Abbo, has officially left the African Democratic Congress (ADC) and is expected to announce his new political platform later this week.....KINDLY READ THE FULL STORY HERE▶

Abbo announced his departure on Monday morning, attributing the decision to the ongoing internal crisis within the ADC in Adamawa State. His exit comes just 48 hours after another major faction within the party, aligned with Senator Aishatu Dahiru Ahmed, also known as Binani, withdrew from the party.

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Reports indicate that the ADC in Adamawa has been experiencing deep divisions, with a bloc loyal to Binani recently announcing a mass resignation following a stakeholders’ meeting held at the residence of Hon. Mijiyewa Umaru Kugama.

In a communiqué issued after the meeting, the group, drawn from all three senatorial districts in the state, accused the party leadership of weakening internal democracy and violating key principles guiding party operations.

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They further argued that recent congresses conducted within the party were flawed and no longer reflected the will of members, describing the current structure in Adamawa as unacceptable and lacking legitimacy.

The developments highlight escalating tensions within the ADC in the state, as more prominent members continue to exit amid leadership disputes.

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Certificate Controversy: Ex-Minister Nnaji Moves To Settle UNN Dispute Out Of Court.

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Former Minister of Innovation, Science and Technology, Uche Nnaji, has begun moves to resolve out of court a legal case he filed against the University of Nigeria, Nsukka and other respondents over allegations surrounding his academic records.....KINDLY READ THE FULL STORY HERE▶

'Tosin Bello's Pregnancy Journey' A Tale Of Stunning Transformation

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