Today’s Black Market Dollar to Naira Exchange Rate (Aboki Rate):

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 2nd May 2024

The Black Market exchange rate for the US Dollar (USD) to  Nigerian Naira  (NGN) today, May 2nd, 2024, is not available in the real-time information. Please check a reliable financial source or website for the latest exchange rate.

Buyers purchase a dollar for N1355
Sellers offer a dollar at N1360
Date: Wednesday, 1st May 2024
Source: Bureau De Change (BDC)
Note: The Central Bank of Nigeria (CBN) does not acknowledge the parallel market (black market) and advises individuals interested in Forex transactions to consult their banks.

• Dollar to Naira Black Market Rate Today
  Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
  Buying Rate N1355
  Selling Rate N1360
  Dollar to Naira CBN Rate Today
  Dollar to Naira (USD to NGN) CBN Rate Today
  Buying Rate N1164
  Selling Rate N1165

Please be aware that the exchange rates for buying or selling forex may differ from those mentioned in this article due to price fluctuations.

Recent events include chaos in the Wuse Zone 4 area of Abuja as the EFCC arrested BDC operators amidst the Naira weakening to ₦1,419/$. Traders were seen in a frenzy as EFCC operatives conducted a sudden raid and apprehended multiple Bureau De Change operators.

The EFCC and the Central Bank of Nigeria collaborated to enhance exchange rate stability and increase forex liquidity. According to BDC operators in the area who spoke with the Punch, the raid occurred on Monday afternoon, leading to chaos and fear.

In 2023, the Labour Party’s presidential candidate, Peter Obi, and former Vice President Atiku Abubakar held a private meeting on Monday at Atiku’s Abuja residence.

Atiku’s Aide Discusses Meeting Between Atiku Abubakar and Peter Obi

During this time, Peter Obi also separately met with former Jigawa State Governor Sule Lamido and former Senate President Bukola Saraki, sparking speculation about a coalition for the 2027 general election.

Both Atiku and Obi ran together on the PDP joint ticket in 2019 but were defeated by former President Muhammadu Buhari of the APC. Following internal conflicts, Obi, who was Atiku’s running mate in 2019, left the PDP to run as the LP candidate in the 2023 presidential election.

Atiku’s media adviser, Paul Ibe, confirmed to The Punch that the meeting with Obi lasted about 20 minutes and hinted at the possibility of a coalition for the 2027 presidential election without disclosing further details to the media.

He stated, “Yes, Peter Obi visited Atiku Abubakar. They met for about 20 minutes behind closed doors, so we wouldn’t know what was said, and they didn’t disclose anything to us.

“Since Atiku Abubakar mentioned coalition discussions and such, I believe that both of them must have been engaged in dialogue. And I did mention that they wouldn’t be discussing it in the media. So, they have indeed been in discussions and it is just a matter of those discussions bearing fruit.

“Regarding the coalition talks, perhaps it is already underway. The possibility does exist.”

A major financial conflict between billionaire businessman Femi Otedola and Zenith Bank chairman Jim Ovia has intensified over claims of fraudulent transactions amounting to billions of naira.

Femi Otedola Reveals ‘Fraudulent Transactions’ in Zenith Bank Account

The dispute was reported by TheCable. Otedola has officially reported the matter to the Force Criminal Investigation Department (FCID), alleging that Ovia used his company, Seaforce Shipping Limited’s Zenith Bank account for trading in 2011 without authorization.

Summary of the Situation:

A dormant account since 2010 was used for substantial financial transactions.
Zenith Bank did not provide necessary documentation for the transactions.
Anomaly discovered by Otedola after a whistleblower from Zenith Bank alerted him.

Discrepancies in debt amounts acknowledged by Zenith Bank and shown in bank statements.
Unauthorized transactions totaling over ₦16 billion charged against Seaforce’s account.

Seaforce left with a debt of approximately ₦5.9 billion, with a significant portion due to interest charges.

Otedola and related entities obtained a court injunction against Zenith Bank and other institutions. Entities are barred from trading shares or paying dividends related to the accounts until further legal proceedings.

FCID investigating senior Zenith Bank officials regarding financial misconduct allegation.

Key Points:

Dormant account used for substantial transactions.
Zenith Bank lacks documentation for transactions.
Unauthorized activities alerted by whistleblower.
Discrepancies in debt amounts reported.
Unauthorized transactions totaling over ₦16 billion.
Debt of approximately ₦5.9 billion owed by Seaforce.
Court injunction against Zenith Bank and other institutions.
Investigation into financial misconduct allegation ongoing.

US President Joe Biden stated on Thursday that he will not pardon his son Hunter or reduce any sentence after Hunter’s conviction for lying about his drug addiction while purchasing a handgun.

Biden Vows Not to Pardon Son or Reduce His Sentence

In his words;

“No,” Biden replied when reporters at a G7 summit press conference in Italy asked if he would commute any sentence that 54-year-old Hunter faces.

“I’m extremely proud of my son Hunter. He has overcome an addiction, he’s one of the brightest, most decent men I know,” Biden said.

“I said I’d abide by the jury decision. I will do that. I will not pardon him,” he said.

In a historic legal case, Hunter Biden, the son of a sitting US president, was found guilty by a jury on three felony counts related to his 2018 handgun purchase while battling addiction. Despite the possibility of a 25-year prison sentence, as a first-time offender, actual jail time is unlikely. The sentencing date has not been set but is anticipated to occur in the coming months.

Hunter Biden expressed his love for his surviving son following the verdict, emphasizing his respect for the jury’s decision. His remarks in Italy marked his initial public response to the outcome, following a trip to Wilmington, Delaware, where he was warmly greeted by his father, President Biden, prior to their departure in a motorcade.

This development unfolded amidst President Biden’s challenging re-election campaign against Donald Trump, who recently became the first former US president to be convicted as a felon.

Trump was convicted by a New York jury for violating election law by falsely declaring hush money payments to a porn star.

Dear Afric Showbiz Magazine (ASM) Readers, Subscribers, Fans, Family, and Friends…

Welcome to July: Read Heartfelt appreciation from Afric Showbiz Magazine (ASM)

As we step into a new month called July, we at Afric Showbiz Magazine want to extend our heartfelt appreciation to each and every one of you for your unwavering support that has contributed to making our magazine a success in the world of entertainment and showbiz.

Afric Showbiz Magazine (ASM) is thrilled to kick off this new month July with optimism, creativity, and a renewed commitment to bringing you the latest news, trends, and insights from the African entertainment industry and beyond.

In the spirit of the new month, we want to express our gratitude to our loyal subscribers who have stayed with us on this incredible journey, our dedicated fans who inspire us to keep pushing boundaries, our supportive family who stand by us through thick and thin, and our cherished friends who have believed in our vision from the start.

As we continue to grow and evolve, we look forward to sharing more exciting content, exclusive interviews, and engaging stories with all of you. Your feedback, comments, and interactions drive us to keep striving for excellence in everything we do.

Thank you once again for being part of the Afric Showbiz Magazine (ASM) community. Together, we will make this new month a memorable and fulfilling one!

Wishing you all a joyful, prosperous, and inspiring month ahead.

Warm regards, The Afric Showbiz Magazine Team