EDUCATION
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 22nd May 2024
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for 21st May, below. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1450 and sell at N1470 on Tuesday 21st May 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), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1450 |
| Selling Rate | N1470 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1481 |
| Selling Rate | N1482 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Dangote’s Petrol Supply Expected To Slash Nigeria’s ₦6 Trillion Fuel Import Bill
The launch of the Dangote Petroleum Refinery is anticipated to drastically reduce Nigeria’s fuel import costs, which currently stand at about ₦6.2 trillion annually.
Naija News reports that Aliko Dangote, the chairman of the Dangote Group, confirmed at the Africa CEO Forum Annual Summit in Kigali, Rwanda, that the refinery will start distributing premium motor spirit next month.
This marks a significant shift towards self-sufficiency in fuel supply for Nigeria and potentially West Africa.
The Dangote Refinery, representing a $20 billion investment, aims to fulfil domestic demands and possibly extend its supply across the West African region, covering petrol, diesel, and aviation fuel needs.
Dangote expressed confidence in the refinery’s capacity, stating, “By sometime in June, Nigeria shouldn’t import anything like gasoline; not one drop of a litre.”
Talented Nollywood actress cum producer, Funke Akindele, has expressed concerns over the ‘baddies’ trend among females on social media.
World wide gist reports that the movie star, in a recent interview with Arise TV, advised fans and content creators on the need to make good use of social media and positively influence lives.
Funke said she worries about the “so-called baddies” online because they have to be more than just flaunting their bodies and luxurious lifestyles.
She also advised fans to be mindful of the kind of content they consume.
She said, “I enjoy watching beautiful content, but you have to watch what you churn out. You need to focus on your brand, what you’re selling, what you want people to learn from you.
“If you’re an actor, a self-made person, what are you churning out? You must influence lives positively with the content you churn out. And for you that are watching content, are you watching to be entertained, to learn? ‘A’ is carrying designer bag and showing you on video, how sure are you that’s she’s not borrowing the bag? How sure are you she’s rich? Don’t believe everything on social media.
“I’m so worried about these so-called baddies. A baddie without showcasing what you have upstairs? We need to know what you are doing, what positive content you are doing that people would be proud of. Give us that on the table. Yes, it’s good to showcase fashion. But what do you have upstairs to show us? Are you just a baddie for mouth? Even is you are a dancer, what else do you have?”
Employees of the Ondo State-owned universities and other tertiary institutions are set to initiate a labour strike starting January 1, 2024, in response to an alleged failure to disburse salaries and allowances.
The Chairman of the Joint Negotiating Council of the Olusegun Agagu University of Science and Technology, Okitipupa, Dayo Temola, issued a statement titled ‘Why we may not resume work in January.’
The statement, released on Wednesday, conveyed the collective decision of various unions within government-owned tertiary institutions in the state.
Temola, acting on behalf of these unions, revealed that the resolution was reached during a meeting of the Joint Negotiating Council held at the University of Medical Science in Ondo last week.
The statement read, “The non-teaching staff of Olusegun Agagu University have vowed not to resume until the government resolved to implement the 2019 minimum wage and pay the wage award of N35,000 as a result of the removal of fuel subsidy.”
In the statement, the unions frowned at the alleged delay in releasing “subvention to our institution in Ondo State by the present government.
“Based on the above, the JAC of state tertiary Institutions in Ondo State cannot guarantee industrial harmony starting from January 1, 2023.”
The registration dates for the 2024 Unified Tertiary Matriculation Examination (UTME) and Direct Entry (DE) have been disclosed by the Joint Admissions and Matriculation Board (JAMB).
In a statement released on Sunday, JAMB declared that prospective candidates are now eligible to initiate the creation of their profiles on the JAMB website. The official sale of application documents is scheduled to commence on Monday, January 15, 2024.
Prospective candidates have a window of six weeks, concluding on Monday, February 26, to finalize their registration.
The examination body highlighted that the registration fee for the 2024 UTME varies based on whether a candidate intends to partake in the optional mock exam. Those opting for the mock exam will be required to pay N7,700, while those abstaining from it will incur a fee of N6,200.
“Sale of Application Documents for Foreign Candidates: $30,” it added.
JAMB has outlined specific details for individuals seeking admission through Direct Entry. The registration process for Direct Entry commences on Wednesday, February 28, 2024, and concludes on Thursday, March 28, 2024.
Additionally, JAMB has scheduled the 2024 UTME mock examination for Thursday, March 7, 2024. This mock exam allows students to assess their readiness and identify areas for improvement before the actual examination. Candidates can obtain their examination slips starting on Wednesday, April 10, 2024.
The main UTME is set to span ten days, from Friday, April 19, 2024, to Monday, April 29, 2024.
“For more enquiries, kindly visit our website at http://jamb.gov.ng, our social media handles or any JAMB office near you.”
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