At the Lagos Parallel Market (Black Market), traders are buying a dollar for N1137 and selling at N1140 on Friday, November 17th, 2023, according to information from Bureau De Change (BDC) sources.
Please be aware that the Central Bank of Nigeria (CBN) does not acknowledge the parallel market (black market) and has directed individuals seeking to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today Dollar to Naira (USD to NGN) Black Market Exchange Rate Today Buying Rate N1137 Selling Rate N1140 Dollar to Naira CBN Rate Today Dollar to Naira (USD to NGN) Black Market Exchange Rate Today Buying Rate 826 Selling Rate 827
The World Bank has commenced the disbursement of the approved $800 million for the National Social Safety Net Program-Scale Up.
As of Wednesday, about $299.99 million has been released to Nigeria under the approved National Social Safety Net Programme-Scale Up, authorized by the World Bank on December 16, 2021.
World Bank documents confirm the recent payment, indicating that approximately 37.5 percent of the total loan has been disbursed, with a remaining balance of about $442.88 million.
The $800 million social safety net program, involving conditional cash transfers, is set to be implemented by the Federal Ministry of Humanitarian Affairs & Poverty Alleviation.
The objective is to execute a monthly cash transfer program for economically disadvantaged Nigerians adversely affected by recent policies, such as the removal of the fuel subsidy.
In October 2023, President Bola Tinubu officially launched the promised conditional cash transfer program, targeting 15 million households nationwide to receive N75,000 within three months.
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