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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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JUSTICE SERVED: DSS Secures Shocking Death Sentence For Notorious ‘Dan Iyali’ Over Sokoto Bloodbath!,
The Department of State Services (DSS) has successfully secured a death sentence against Ibrahim Usman, widely known as Dan Iyali, for his role in the kidnapping and murder of three individuals in Sokoto State.....KINDLY READ THE FULL STORY HERE▶
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The Conviction: Usman was found guilty on a four-count charge at the High Court of Justice of Sokoto State, sitting in the Sokoto Judicial Division. His charges included criminal conspiracy, kidnapping, culpable homicide punishable by death, and voluntarily causing grievous hurt without provocation.
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The Crime: These offenses stemmed from the abduction and subsequent killing of three people in Sokoto State in September 2023. Usman stood trial alongside other accomplices who remain at large.
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Recent Legal Precedents: This ruling follows a similar milestone in June 2026, when the same Sokoto High Court sentenced three other men—Yusuf Muhammad (a Nigerien national), Jabbi Alhaji Yalle, and Kabiru Muhammad—to death by hanging for terrorism, arms trafficking, and cross-border criminal activities following their arrest by the DSS Counter Terrorism Unit.
The Independent National Electoral Commission (INEC) has announced that the collection of Permanent Voter Cards (PVCs) for the upcoming 2027 general elections will officially begin on October 9, 2026.....KINDLY READ THE FULL STORY HERE▶
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Readiness Assessment Tour: The announcement was made following an assessment visit by INEC Chairman Professor Joash Amupitan and his team to Kaduna State. The visit is part of a broader six-zone national tour across the country to evaluate field operations and prepare for the 2027 polls.
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Grassroots Focus: Speaking at the North-West Zonal Interactive Meeting, Amupitan emphasized that election success is determined in the field—at local government areas, registration area centers, and polling units—rather than just in Abuja headquarters. He urged staff to address operational bottlenecks and maintain strict neutrality.
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New Registrations: The Chairman disclosed that three phases of Continuous Voter Registration have yielded 10,772,421 new registrations, pending Automated Biometric Identification System verification. He stressed the need to eliminate distribution hurdles so citizens are not disenfranchised.
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Technology and Logistics: INEC is currently refining its technological systems, including voter verification, result transmission processes, and the newly introduced eEC8A Result Management System. The commission is also implementing a “Zero-Failure” logistics strategy to ensure the early deployment of materials and proper security coordination.
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PEAK IGNORANCE EXPOSED: Tinubu’s Aide Fires Brutal Shot At Dino Melaye Over ₦20,000 NELFUND Fee!,
President Bola Tinubu’s Special Adviser on Social Media, Olusegun Dada, has strongly criticized African Democratic Congress (ADC) chieftain Dino Melaye over his remarks regarding the Nigerian Education Loan Fund (NELFUND).....KINDLY READ THE FULL STORY HERE▶
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Melaye’s Claims: In a viral video circulating online, Melaye labeled NELFUND a center of corruption, claiming that students are only receiving a ₦20,000 monthly stipend. He questioned how any government school could charge ₦20,000 as annual tuition and criticized President Tinubu’s administration over the matter.
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The Aide’s Response: Taking to his official X (formerly Twitter) handle, Olusegun Dada fired back at Melaye, describing his comments as “peak ignorance.” Dada accused Melaye of intentionally confusing the public by conflating the ₦20,000 monthly upkeep allowance with the actual tuition fees paid directly to institutions each academic session.
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