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Black Market Dollar (USD) To Naira (NGN) Exchange Rate For May 21, 2024
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.
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The Central Bank of Nigeria (CBN) has officially rescinded its directive requiring banks and payment service providers to collect and remit fees under the Cybercrime Prevention and Prohibition Amendment Act of 2024.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.
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.
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▶
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Shock Defection: Senator Abbo Dumps ADC In Sudden Political Move.
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▶
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Certificate Controversy: Ex-Minister Nnaji Moves To Settle UNN Dispute Out Of Court.
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▶
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