By Daniel Edu
– Buying Rate: ₦995 NGN
– Selling Rate: ₦1,000 NGN
Please be aware that these rates are subject to change, as prices in the black market can fluctuate. Additionally, it’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market exchange rates. The CBN has directed individuals who wish to engage in foreign exchange transactions to approach their respective banks.
In other news, Google has announced the opening of applications for the Hustle Academy SMB Fund, a ₦75 Million equity-free fund aimed at supporting Nigerian Small and Medium-sized Businesses (SMBs). This initiative underscores Google’s commitment to fostering entrepreneurial growth in Nigeria by providing financial support and resources to SMBs. The fund will provide ₦5 Million to 15 Nigerian small business owners to help them scale their businesses. The Hustle Academy program, initiated in 2022, offers education, mentoring, and networking opportunities to SMEs, with a focus on helping them secure funding to grow their businesses. Since its launch, the program has benefited over 4,000 SMBs in Nigeria, with a significant number reporting business growth. The Hustle Academy Fund is designed to further support Nigerian SMBs with non-dilutive funding and tailored mentorship to ensure their success.
