Politics
Latest Black Market Exchange Rate For Dollar To Naira (NGN) Today, July 6th, 2024
Latest Black Market Exchange Rate For Dollar To Naira (NGN) Today, July 6th, 2024....KINDLY READ THE FULL STORY HERE▶
The black market exchange rate of the dollar to the naira, also known as the parallel market rate (Aboki FX), saw fluctuations on July 5th. Individuals interested in currency exchange can reference the current rates below:………. CONTINUE READING
The dollar to naira exchange rate in Lagos’ parallel market on Friday, July 5th, 2024, showed buyers acquiring a dollar for N1518 and sellers offering it at N1525, according to sources from Bureau De Change (BDC).
It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and advises forex participants to use authorized banking channels for foreign exchange transactions.
Current Dollar to Naira Exchange Rates:
– Black Market (Aboki FX):
– Buying Rate: N1518
– Selling Rate: N1525
Please be aware that actual forex transaction rates may differ from those stated here due to market variations.
The article continues by noting that efforts are underway to implement a new tax policy, recently approved by President Tinubu and forwarded to the National Assembly for legislative approval. This policy aims to enhance clarity and reduce conflicting taxes like VAT and state-level consumption taxes, exempting essentials such as food items, healthcare, housing, education, and transportation from taxation.
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