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Black Market Dollar (USD) To Naira (NGN) Exchange Rate For June 9, 2024
Dollar to Naira Exchange Rate Today....KINDLY READ THE FULL STORY HERE▶
What is the Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx)?
Below are the black market Dollar to Naira exchange rates for June 8th. These are the rates at which you can exchange dollars for Naira.
Current Dollar to Naira Exchange Rate in the Black Market
The exchange rate for a dollar to Naira at the Lagos Parallel Market (Black Market) shows that market players buy a dollar for N1498 and sell it at N1505 as of Saturday, June 8th, 2024, 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 Forex to approach their respective banks.
Dollar to Naira Black Market Rates Today
| USD to NGN | Black Market Exchange Rate Today |
|---|---|
| Buying Rate | N1498 |
| Selling Rate | N1505 |
Dollar to Naira CBN Rates Today
| USD to NGN | CBN Rate Today |
|---|---|
| Buying Rate | N1484 |
| Selling Rate | N1485 |
Please note that the rates at which you buy or sell Forex may vary from those listed in this article due to fluctuating prices.
Naira Drops Value Against US Dollar in Latest Official Market Exchange Rate
The official market witnessed a decline in the value of the Nigerian currency, the Naira, on Friday, with the currency trading at ₦1,483.99 to the US dollar.
According to data from the FMDQ Exchange, the Naira lost ₦2.50, representing a 0.16% decrease compared to the previous trading day.
However, the volume of currency traded increased, reaching $269.27 million on Friday, up from $213.31 million on Thursday.
In the Investor’s and Exporter’s window, the Naira traded within the range of ₦1,507.00 and ₦1,399.00 against the dollar.
Naija News reports that the Central Bank of Nigeria (CBN) is employing various tools to influence the value of the Naira, including controlling the money supply in the economy. The CBN can raise interest rates to reduce the money supply and combat inflation, which can exert downward pressure on the Naira’s exchange rate.
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The Show Of The Century? Burna Boy And Shakira Spotted Together Before World Cup Halftime Show!.
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Afrobeats star Burna Boy and pop icon Shakira have reunited at MetLife Stadium in New Jersey to rehearse for the 2026 FIFA World Cup final halftime show.....KINDLY READ THE FULL STORY HERE▶
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Burna Boy posted a video and photographs on his account on July 17, showing the two artists sharing a warm moment and preparing for the event.
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The duo is scheduled to perform “Dai Dai,” the official anthem of the 2026 tournament, which they also performed at the opening ceremony in Mexico City.
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This performance will be part of the tournament’s first-ever Super Bowl-style halftime show, with the halftime interval extended to approximately 30 minutes to accommodate the spectacle.
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The star-studded lineup for the show also includes BTS, Madonna, Justin Bieber, Coldplay, Gustavo Dudamel, the PS22 Chorus, as well as characters from The Muppets and Sesame Street, with the event serving to promote global education initiatives.
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The Pressure Mounts: Amadi Fires Back At Umahi, Insists Minister Must Quit FTransparent Investigation!.
Dr. Sam Amadi, Director of the Abuja School of Social and Political Thoughts, has called for public officials facing serious allegations to temporarily step aside to ensure credible, transparent investigations. Citing the controversy surrounding the death of Mary Habila, who was linked to Minister of Works David Umahi, Amadi criticized the handling of the situation as both a PR and ethical disaster. He argued that given Habila’s close proximity to the minister, Umahi should have immediately reported to the police as a prime suspect to allow investigators to control the narrative. Amadi also faulted the Minister for frequently speaking publicly on the matter and criticized the police for their silence, which he believes undermines public confidence.....KINDLY READ THE FULL STORY HERE▶
Addressing the broader anti-corruption campaign, Amadi contended that asset recovery should not replace criminal prosecution. He emphasized that the true measure of an effective campaign is the successful conviction and jailing of corrupt officials to create a deterrence effect. Furthermore, he demanded greater transparency in the management and disposal of seized assets, urging the government to create public portals and open bidding processes to prevent further looting. Regarding public appointments, Amadi concluded that mere legal compliance is insufficient; character and public morality are essential prerequisites for sensitive public offices.
Option 2: Journalistic & Direct (For news analysis)
Political analyst Dr. Sam Amadi has sharply criticized the government’s handling of the controversy surrounding Minister of Works David Umahi and the late Mary Habila. Amadi argued that high-ranking officials facing grave allegations have a duty to step aside to allow for an independent probe, and if they refuse, the President must intervene. Describing the situation as an “ethical disaster,” Amadi stated that Umahi’s personal and professional proximity to the deceased nurse makes him a prime suspect who should have submitted to police questioning rather than holding press conferences. He further accused the government of disregarding public morality and fostering an environment of cover-ups.
Commenting on the administration’s anti-corruption efforts, Amadi dismissed asset forfeiture as “low-hanging fruit,” arguing that the government is using it as a substitute for real justice. He maintained that recovering assets has little deterrent value if politically exposed individuals are allowed to remain in office or run for higher positions. The focus, he insisted, must be on securing convictions and jail time. Amadi also called for an end to the secrecy surrounding seized properties, demanding a public, transparent system for managing and auctioning recovered assets to prevent “looting the loot.“
Option 3: Key Points (For quick reference)
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Call to Step Aside: Public officials facing serious allegations must step aside to permit transparent investigations. If they refuse, the President must demand it.
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The Umahi Case: The controversy surrounding Mary Habila is a “PR and ethical disaster.” Due to her proximity to Minister Umahi, he should have been treated as a prime suspect by police.
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Mismanaged Communication: Minister Umahi’s frequent public statements on the case preclude an independent investigation. Police silence on the matter further undermines public confidence.
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Anti-Corruption Stance: Asset recovery is not a substitute for criminal prosecution. The real measure of success is the successful prosecution, conviction, and jailing of corrupt officials to create deterrence.
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Asset Transparency: There must be greater transparency in the management and disposal of recovered assets. This requires public asset registers and open auctions to prevent secondary looting by well-connected individuals.
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Public Morality: Legal compliance alone is not enough for public office; character and adherence to a high degree of public morality are required.
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Affair Accusations Explode! Woman Drags Frank Edoho’s Estranged Wife To Court In Shocking Legal Showdown!.
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Lawsuit Initiated: Entrepreneur Adekoya Ibukunoluwa has filed a legal claim against Sandra Edoho, the estranged wife of broadcaster Frank Edoho, seeking ₦100 million in damages for alleged defamation.....KINDLY READ THE FULL STORY HERE▶
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Basis of Allegations: Adekoya, represented by Festus Ogun of FOLEGAL, claims Sandra published libelous content on the Instagram account “vivibella_designs” that falsely linked her to an extramarital affair with Frank Edoho.
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Disputed Origin: The dispute reportedly stems from an October 2023 meeting between Adekoya and Frank Edoho at a Lagos café, followed by an alleged November 2023 incident where the claimant alleges she was lured to the Edoho residence through impersonation by Sandra and subsequently confined to a room.
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The Alleged Campaign: Adekoya’s legal team contends that during a marital crisis between the couple in May 2026, Sandra began a “calculated campaign” against the entrepreneur by posting her private photos, messages, and a video on Instagram.
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Impact and Demands: The claimant asserts these posts portrayed her as a “prostitute” and “sex worker,” resulting in significant cyberbullying, harassment, and damage to her business reputation.
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Legal Demands: In addition to the ₦100 million in damages, Adekoya is seeking a public apology, the withdrawal of all defamatory posts, and a court injunction against further publications.
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Proposed Settlement: The memorandum offers an alternative out-of-court settlement, requiring Sandra to delete the posts, apologize, acknowledge the alleged impersonation, and pay ₦20 million in compensation.
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Deadline: The legal team has issued a seven-day deadline for a response, warning that they will pursue further court action under the Lagos State High Court Civil Procedure Rules if compliance is not met.
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