This is the news about Dollar to Naira rate at the official and black market exchange rate Today November 22, 2021 on Naija News 247.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Monday November 22, for $1 dollar to naira = N(yet to be disclosed)/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at N(yet to be disclosed)/$1 on Monday 22, after it closed at N414.40 to a $1 on Friday, 19 November 2021.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Friday, November 22nd sells at N560/1$, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at N413.55/$1 on 18th November 2021 and closed at N414.40/$1. Showing a change of -0.10%.
According to data from FMDQ, forex turnover stands at $69.63 million.
Meanwhile, Vice President Yemi Osinbajo has revealed that six startups owned by young Nigerians have grown from scratch to billion dollar businesses.
Naija News reports that the VP stated this while speaking as the Special Guest of Honour at the Graduation Ceremony of Senior Executive Course 43, 2021 of the National Institute for Policy and Strategic Studies (NIPSS).
According to Osinbajo, as at 2021, more than six of such companies had been named Unicorns– a company that is worth over a billion dollars.
“Six of those companies started between 2016 in the middle of two recessions and global health crisis,” he said.
“The companies are: Opay, Paystack, Flutterwave, Andela, PiggyVest and Jumia.
“Paystack and Flutterwave. Paystack was co-founded in 2016 by two graduates of Babcock University, in their twenties.
“Paystack is a payment processing company; I am sure many have heard that it was eventually bought over by Stripe, the American multinational; it is now estimated to be worth a billion dollars.
“Flutterwave, also a payment processing coy founded in 2016; Flutterwave in Lagos; it is now worth nearly three billion dollars and both companies employ hundreds of young men and women.’’
AMCON Takes Over IBEDC Over Debts
The Assets Management Corporation of Nigeria (AMCON) has taken over the Ibadan Electricity Distribution Company (IBEDC) Ltd over its failure to pay debts.
In a memo to the IBEDC members of staff, the Chief Operating Officer (COO), Engr John Ayodele disclosed the new development.
Ayodele, said in Thursday in the memo, that the company fell under receivership by a September 8, 2021 Federal High Court judgment.
The judgment, he said, granted preservative orders in favour of AMCON.
He explained the government corporation had appointed a lawyer to serve in the receivership action.
He revealed that the receiver arrived on Thursday January 20 to take charge formally, hinting that he already held a meeting with the management staff.
Ayodele, however, allayed fears over the development and assured staff of job security.
The memo read, “Further, to the judgement wherein the Federal High Court on the 8th of September 2021 granted preservative orders in favour of Asset Management Corporation-
“AMCON, (being the Receiver/Manager of Integrated Energy Distribution and Marketing Limited); the court has appointed Mr Kunle Oqunba Esq.SAN to act as Receiver/ Manager Nominee in the receivership action.
“Based on the foregoing the Receiver/Manager came in today 20th January 2022 to the IBEDC Headquarters to take charge formally and subsequently met with the Management team. Therefore, I hereby wish to inform all staff that there is no cause for alarm.
“We are assured of job security which entails our position/ duties in the company, being entitlements to our salaries and other benefits etc.
“On behalf of the Management I urge us all to kindly go about the efficient discharge of our duties to ensure a speedy and mutually beneficial resolution.
“I wish us all the best, while | appeal that we continue to remember IBEDC in our prayers.”
IBEDC distributes electricity to consumers in Oyo, Osun, Ogun and Ondo as well as some parts of Ekiti and Kwara states.
Official/Black Market: Pounds to Naira Exchange Rate for Today January 18, 2022
This is the news about Pounds to Naira rate at the official and black market exchange rate Today January 18, 2022.
How Much Is Pounds To Naira Exchange Rate Today Official Rate?
The official rate today, Tuesday January 18th, 2022, for £1 pound to naira = ₦566.3728/£1.
According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦566.3728/£1 on Tuesday 18th, after it closed at ₦568.613 to a £1 on Monday, 17th January 2022.
Naija News reports that a pound is bought at the official market at N565.6896 and sold for N567.056.
How much is exchange rate of Pounds to Naira in Black Market today?
The exchange rate for a pound to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦730 and sell for ₦740 on Tuesday, January 18th 2022, according to sources at Bureau De Change (BDC).
Windscribe trolls Buhari, Others following FG’s lifting of Twitter ban
A Virtual Private Network, (VPN) provider, Windscribe has trolled Nigerians following the lifting of Twitter suspension by the Nigerian government.
Recall that on Wednesday, January 12, 2022, FG ordered that the ban be lifted after Twitter met its conditions for resumption of operations in the country.
Taking to Twitter to react on Thursday, Windscribe used memes to mock Nigerians about how the are deleting its VPN app from their phones only to end up downloading it again in the event that President Buhari is angered by another tweet and orders the platform be shutdown in Nigeria.
Windscribe shared the memes with the caption;
”People in Nigeria be like… #TwitterBanWindscribe via Twitter
… until the president doesn’t like something else on Twitter. Then…”Windscribe via Twitter
See the post below:
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