See the black market Dollar to Naira exchange rate for 14th September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1665 and sell at N1670 on Saturday 14th September 2024, according to sources at Bureau De Change (BDC).
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 (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1665 |
| Selling Rate | N1670 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1645 |
| Selling Rate | N1646 |
A report has claimed that the Federal Government spent approximately ₦701 million to fund foreign trips of the country’s First Lady, Remi Tinubu in the span of three months.
Naija News recalls that in 2023, the Federal Government allocated ₦1.5bn for the procurement of vehicles for the Office of the First Lady.
The budgetary allocation was outlined in the ₦2.1tn supplementary budget for 2023 approved by the National Assembly.
A breakdown of the budget shows the government planned to spend ₦2.9bn on sport utility vehicles for the Presidential Villa and another ₦2.9bn to replace operational vehicles for the Presidency.
Former Chief Whip of the Senate, Ali Ndume, however, claimed that the ₦1.5bn budgeted for vehicles was for the Presidency and not for the First Lady’s office.
However, a report by Punch showed that the government paid out the sum of ₦700,707,532 over three months for the First Lady’s foreign trips to five countries, including two African nations.
The publication confirmed the development using GovSpend, a civic tech platform that tracks and analyses Federal Government’s spending,
On November 17, 2023, the government, through the State House headquarters transit account, released the sum of ₦77,659,888 for the purchase of foreign exchange ($94,314) for the First Lady’s trip to the United States.
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