Politics
Black Market Dollar To Naira Exchange Rate For July 26, 2024
Black Market Dollar To Naira Exchange Rate For July 26, 2024....KINDLY READ THE FULL STORY HERE▶
For July 26, 2024, the exchange rate on the Lagos Parallel Market (Black Market) is as follows: buyers purchase a dollar for ₦1592 and sellers offer it at ₦1595, according to sources from Bureau De Change (BDC)……….. CONTINUE READING
It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market rates. The CBN advises individuals seeking foreign exchange to go through their respective banks.
**Dollar to Naira Black Market Rate Today:**
– **Buying Rate:** ₦1592
– **Selling Rate:** ₦1595
**Dollar to Naira CBN Rate Today:**
– **Buying Rate:** ₦1601
– **Selling Rate:** ₦1602
Please be aware that actual rates may differ from those listed here as exchange rates can fluctuate.
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**Nigeria’s Economy Grows Faster in Q1 2024 than in Q1 2023 – Wale Edun**
Nigeria’s Finance Minister and Coordinator of the Economy, Wale Edun, announced that the country’s economy experienced faster growth in the first quarter (Q1) of 2024 compared to Q1 of 2023. Edun made this statement during a press conference on the state of the economy in Abuja on Thursday.
He noted that the growth recorded in Q1 2024 was the second highest first-quarter growth in the past six years. The increase in economic activity was broad-based, impacting various sectors including agriculture and industry.
“The agricultural sector saw a recovery from a negative position in Q1 2023 to a modest growth in Q1 2024. Meanwhile, the industrial sector grew seven times faster in Q1 2024 compared to Q1 2023,” Edun explained.
On the revenue front, Edun reported that federal government revenue in the first half of 2024 was more than double that of the same period in 2023. This increase was attributed to improvements in government finances, with oil revenue as a percentage of total revenue rising from 11% in H1 2023 to 30% in H1 2024.
He also mentioned that Nigeria has been able to meet its debt obligations, with a reduction in dollar-denominated debt and improvements in the fiscal deficit.
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