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Today’s Black Market Dollar to Naira Exchange Rate: July 11th, 2024 (USD to NGN)

Black Market Dollar to Naira Exchange Rate:

What is the Current Black Market Dollar to Naira Exchange Rate?

Stay updated with the current dollar to naira exchange rates in the black market (parallel market or Aboki fx). Whether you’re planning to exchange currency for travel, business, or personal reasons, knowing the latest rates can help you make informed decisions. Today, we bring you the most recent information on the black market exchange rate, along with important financial news affecting the Nigerian economy.

Looking to exchange your dollars for naira at the black market, also known as the parallel market (Aboki fx)? Here is the latest exchange rate for July 11, 2024.

Black Market Dollar to Naira Rate Today

On July 11, 2024, at the Lagos and Abuja Parallel Market (Black Market), the exchange rate for the dollar to naira was:

  • Buying Rate: N1534 per dollar
  • Selling Rate: N1545 per dollar

These rates were obtained from sources at Bureau De Change (BDC) operators.

Official CBN Dollar to Naira Rate Today

  • Buying Rate: N1469 per dollar
  • Selling Rate: N1470 per dollar

Important Notice

The Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals seeking foreign exchange to approach their respective banks. Please be aware that the rates at which you buy or sell forex may differ from those mentioned in this article due to market fluctuations.

Tinubu’s Minister Accuses Buhari Administration of Loan Mismanagement

In other news, the Minister of Women Affairs, Uju Kennedy-Ohanenye, has criticized the previous administration under Muhammadu Buhari for mismanaging the first tranche of a $500 million World Bank loan intended for women’s empowerment.

Also See: How to Identify an Original Swiss Polo Box

During an appearance on Arise Television’s Morning Show on Monday, Kennedy-Ohanenye claimed that the $100 million tranche designated for the ‘Nigeria For Women Project’ was misappropriated. This project, a collaboration between the World Bank and the Nigerian Government, aims to enhance the livelihoods of Nigerian women.

The World Bank’s statement mentioned that this loan is part of a scale-up financing initiative for the women’s project, originally approved on June 27, 2018, with an initial funding of $100 million.

Kennedy-Ohanenye noted that the disbursement under the Buhari administration did not align with the Renewed Hope Agenda of President Tinubu’s administration.

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