x

Naira to Dollar Black Market Rate on 25th July 2023

By Daniel Edu

Today, 25th July 2023, the Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx), stands as follows:

– Buying Rate: N860
– Selling Rate: N870

If you plan to exchange your dollar for Naira, these are the prevailing rates. However, please keep in mind that prices may vary from those mentioned in this report.

It’s essential to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and advises individuals seeking to engage in Forex to approach their respective banks.

South East Suffers Estimated N7.6 Trillion Loss in Productivity and Investments in Two Years Due to Sit-At-Home Protests

Over the course of two years, the Southeast region of Nigeria has reportedly incurred an estimated loss of N7.6 trillion in productivity, potential investments, and casualties as a result of the weekly sit-at-home exercises practiced on Mondays.

The Indigenous People of Biafra (IPOB) initiated these sit-at-home protests in 2021 to protest the detention of their leader, Nnamdi Kanu. Since then, these exercises have been observed almost every Monday in the region.

As of the upcoming 9th of August, the sit-at-home protest would have been ongoing for two years, during which 105 out of 520 working days have been lost in terms of productivity and economic activity.

Furthermore, out of the remaining 415 days that were expected to be utilized for work, various holidays have also been declared, further affecting economic output.

According to an investigation conducted by the International Centre for Investigative Reporting (ICIR) and published in May of this year, the region’s economy has suffered a staggering loss of N5.375 trillion by businesses between August 9, 2021, and December 19, 2022, specifically due to the sit-at-home protests.

Hot this week

Gov. Alia Hails Gowon’s Contributions to Public Health, Nation-Building at 91

By Isaac Kertyo, MakurdiBenue State Governor, Rev. Fr....

Southern Ijaw Stakeholders caution Tompolo over Bayelsa visit

By Our CorrespondentA coalition of stakeholders and youth...

You’ll Remain a social media president- Wike taunts Peter Obi

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike...

Outcry as WhatsApp Bans Nigerian Journalist’s MTN Line Without Warning or Clear Reason

By Achadu Gabriel, KadunaThere has been widespread outrage following...

KOSIEC Announces 2026 Local Government Council Elections in Kogi State

By Noah Ocheni, LokojaThe Kogi State Independent Electoral Commission...

China: Africa’s Most Reliable Companion on Africa’s Path to Development

By:-H.E. Ambassador JIANG Feng, Head of the Mission of the People’s Republic of...

Kano Speaker Falgore Hails Kwankwaso as a Beacon of Hope on His Birthday

By Jabiru Hassan, KanoThe Speaker of the Kano State...

BREAKING: Police Arrest Omoyele Sowore at Abuja Court

Human rights activist and publisher, Omoyele Sowore, was arrested...

Truck Crushes Female Federal University Lokoja Lecturer to Death in Lokoja

By Noah Ocheni, LokojaA female lecturer at the Federal...

KADMAM-CSO Urges Transparent Use, Community Monitoring of N32.9bn Basic Health Care Fund

By Achadu Gabriel, KadunaThe Maternal Accountability Mechanism in Kaduna...

Dencia Weighs In on Regina Daniels, Ned Nwoko Marriage Drama

Cameroonian singer and entrepreneur, Dencia, has reacted to the...

Related Articles

Popular Categories

spot_imgspot_img