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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 10th April 2024

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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 9th April, below.

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1200 and sell at N1210 on Tuesday 9th April 2024, according to sources at Bureau De Change (BDC).

How much is a dollar to naira today in the black market?

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
Buying Rate N1,246
Selling Rate N1,247

You can swap your dollar for Naira at these rates.

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

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Corruption Battle: Dangote Drags Ex-NMDPRA Boss To EFCC After ICPC Withdrawal

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Aliko Dangote, Chairman of Dangote Industries, through his legal representative, has formally submitted a corruption petition to the Economic and Financial Crimes Commission (EFCC) against Farouk Ahmed, the former Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

 

This was disclosed in a statement made available to our correspondent by the Dangote Group media team on Friday.

 

Recall that Dangote had earlier petitioned the Independent Corrupt Practices and Other Related Offences Commission to investigate Ahmed for allegedly spending $5 million on his children’s secondary education in Switzerland. He withdrew the petition a few days ago, even as the ICPC vowed to continue with its investigation.

 

The statement on Friday said Dangote’s petition to the EFCC followed “The withdrawal of the same petition from the Independent Corrupt Practices and Other Related Offences Commission, a strategic decision aimed at accelerating the prosecution process.”

 

In the petition, signed by Lead Counsel Dr O.J. Onoja, Dangote urged the EFCC to investigate allegations of abuse of office and corrupt enrichment against Ahmed, and to prosecute him if found culpable.

 

The petition further stated that Dangote would provide evidence to substantiate claims of financial misconduct and impunity.

 

“We make bold to state that the commission is strategically positioned, along with sister agencies, to prosecute financial crimes and corruption-related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624) 337,” the petition read.

 

Onoja further urged the commission, under the leadership of Mr Olanipekun Olukoyede, “To investigate the complaint of abuse of office and corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting.”

 

 

 

 

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Rivers Assembly Reopens Impeachment Push Against Gov. Fubara, Deputy

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The Rivers State House of Assembly formally recommenced impeachment proceedings against Governor Siminalayi Fubara and his deputy, Prof. Ngozi Odu.

 

This marks the second time within ten months that the state legislature has initiated such a move.

 

At a plenary session presided over by the Speaker, Martins Amaewhule, the Majority Leader of the House, Major Jack, formally read the notice detailing allegations of gross misconduct against Governor Fubara.

 

The notice, which was endorsed by 26 lawmakers, accused the governor of actions allegedly in violation of the Nigerian Constitution.

 

Amaewhule announced that the notice would be served on the governor within the next seven days.

 

During the same sitting, the Deputy Majority Leader, Linda Stewart, read the notice of allegations and gross misconduct leveled against Deputy Governor Ngozi Oduh.

 

 

 

 

 

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Supreme Court: President Has Power To Declare Emergency Rule, Remove Elected Officials

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The Supreme Court has reaffirmed that the President holds the constitutional power to declare a state of emergency in any state where circumstances threaten public safety or governance.

According to the ruling, this authority may be exercised to prevent a serious breakdown of law and order or to stop conditions from deteriorating into chaos or anarchy.

The court emphasized that such powers are intended to safeguard national stability and ensure the continued functioning of democratic institutions when extraordinary situations arise.

It noted that emergency measures are justified only in exceptional cases where normal governance mechanisms are unable to effectively address escalating crises.

More details later…

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