Today’s Black Market Dollar To Naira Exchange Rate – 9th September 2024

Today’s Black Market Dollar To Naira Exchange Rate – 9th September 2024

Here’s the black market Dollar to Naira exchange rate for 9th September. You can exchange your dollar for Naira at the rates below…….CONTINUE READING 

**Dollar to Naira Exchange Rate Today in the Black Market**
According to sources at the Bureau De Change (BDC), in the Lagos Parallel Market (Black Market), the exchange rate for a dollar on Sunday, 8th September 2024, was as follows:
– Buying: N1640
– Selling: N1650

Please note, the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals to approach their banks for foreign exchange transactions.

**Dollar to Naira Black Market Rate**
– **Buying Rate**: N1640
– **Selling Rate**: N1650

**Dollar to Naira CBN Rate Today**
– **Buying Rate**: N1628
– **Selling Rate**: N1629

Keep in mind that the actual rates for buying or selling foreign exchange may differ slightly from those mentioned here due to market fluctuations.

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**NANS Protests ₦50 Transfer Levy by Fintech Platforms**
The Senate Clerk of the National Association of Nigerian Students (NANS), Oladimeji Uthman, has called on economic policymakers to reverse the newly implemented ₦50 fee on electronic transfers of ₦10,000 or more conducted via fintech platforms.

In a statement on Sunday, Uthman criticized the policy, which takes effect on September 9, 2024, arguing that it imposes an extra financial burden on Nigerian students and the general public.

He noted that this levy, previously applicable only to commercial banks, now extends to fintech services like OPay and Moniepoint, ending the free banking services they once provided. Uthman stressed that the levy, directed to the Federal Government through the FIRS, offers no benefit to the fintech companies themselves.

He urged the government to explore alternative revenue sources, such as investments in agriculture, education, infrastructure, and job creation, instead of increasing the financial pressures on students and the wider population.