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Dollar to Naira: Black Market Rates Hit ₦1609 for Sale on April 30, 2025
The black market exchange rate for the US Dollar to Naira today, April 30, 2025, is marked at ₦1600 for buying and ₦1609 for selling, according to sources at Bureau De Change (BDC) in Lagos. These rates represent the latest fluctuations in the parallel market (commonly referred to as the “Aboki fx”).....KINDLY READ THE FULL STORY HERE▶
It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market, urging individuals to engage with banks for their foreign exchange transactions. In contrast, the CBN’s official exchange rate for the Dollar to Naira stands between ₦1596 and ₦1603.
Alongside the exchange rate updates, a recent report by S&P Global reveals a drop in the price of rice in Nigeria, with the 50kg bag now going for as low as ₦58,000 in some border areas, largely due to the influx of rice imports from India.
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Rainstorm Wreaks Havoc In Lagos As TCN Announces New Update After Power Tower Collapse.
The Transmission Company of Nigeria (TCN) has confirmed that a severe rainstorm caused the collapse of one of its transmission towers along the Ikeja West–Osogbo 330kV line in Lagos.....KINDLY READ THE FULL STORY HERE▶
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Davido Opens Up: “My Dad Not Wanting Me In Entertainment Killed My Joy”.
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