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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today (January 31st, 2025)

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 30th January, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? […]

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Full List Of Salary Structure At Zenith, GTB, Access, Other Banks In Nigeria

Nigerian banks are beginning to increase the pay of their employees by a significant to retain top talent in the face of Nigeria’s skyrocketing inflation. Over the previous six months, GTCO, Union Bank, First Bank, and Sterling Bank have taken steps towards this direction. Zenith Bank recently joined the list as it elevated over 4,000

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Full List: Lagos Generates ₦2.75 Trillion In VAT, Rivers, FCT Claim Second, Third Spots

Lagos State has emerged as the highest contributor to Nigeria’s Value Added Tax (VAT) revenue in 2024, generating a staggering ₦2.75 trillion. This represents 54% of the total non-import VAT pool, according to data published by Agora Policy. Rivers State came second with ₦832.69 billion, while the Federal Capital Territory (FCT) ranked third, contributing ₦303.64

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Naira Ends The Week With Significant Appreciation Against Dollar

The naira appreciated significantly at the official foreign exchange market to end the week in a much better position. FMDQ data showed that the naira strengthened to N1,531.20 against the dollar at close of trading on Friday, January 24 from N1,548.59 on Thursday, a gain of N17.39 while on the black market, the naira closed

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Naira In Trouble As Nigeria’s FX Reserves Decline For Second Time In 2 Weeks

Nigeria’s foreign reserves have taken a significant hit, declining by almost $1.02 billion in 18 days as the Central Bank of Nigeria increases efforts to defend the naira. On March 18, 2024, the reserves stood at about $34.45 billion, but by April 3, it dipped to $33.50 billion. Reasons for initial boost in reserves Before

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Banks Begin Implementation Of PoS Withdrawal Limit

Union Bank announced on Thursday the commencement of a daily withdrawal limit on point-of-sale (PoS) terminals. Naturenex gathered that Union Bank reached the decision following the directive by the Central Bank of Nigeria (CBN) on December 17, 2024, limiting the daily withdrawal limit on PoS to ₦100,000 per customer. The apex bank noted that the directive

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Access, Others Begin Sale Of Dollars To Nigerians As Naira Trades At New Rate

Some commercial banks resumed selling their customers Personal Travel Allowance (PTA) and Business Travel Allowance (BTA), showing a shift in FX availability after a prolonged supply shortage. The development came as financial institutions adjusted to market demands and the Central Bank of Nigeria (CBN) policy changes. First Bank kickstarts the sale of BTA, PTA, others 

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