The local currency opened at N705.00 per $1 at the parallel market otherwise known as the black market today wednesday, 7th September 2022, in Lagos Nigeria, after it closed at N705.00 per $1 on tuesday, 6th September 2022.
Black market dollar to naira exchange rate today 7th September 2022 can be accessed below.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦702 and the price can change (high or low) within hours.
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES September 7th, 2022 (BLACK MARKET): dollar to naira exchange rate today black market
September 7th dollar to naira black market exchange rate: $1 dollar to naira = ₦702
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N702.00 per $1 at the parallel market otherwise known as the black market today wednesday, 7th September 2022, in Lagos Nigeria, after it closed at N705.00 per $1 on tuesday, 6th September 2022.
Even though the dollar to naira opened in the parallel market at ₦650 per $1 today, Goldennewsng reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market.
The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
fedpolygist Nigeria reports that on the black market, the players buy a dollar for N702 and sell for N705 on wednesday morning, September 7th, 2022, after they bought N702 and sold for N705 on tuesday, 6th September 2022.
Meanwhile, fedpolygist Nigeria reports that the USD started this week at ₦685 in Parallel Market also known as Black Market on Monday, 22 August 2022, in Lagos Nigeria, after it opened at ₦685 last week Monday, 15 August 2022.
Polaris Bank deepens promotion of SMEs in Nigeria, Sponsors 2023 Year End Fashion Souk with Eventful
Polaris Bank, Nigeria’s Leading Digital Retail Bank, in partnership with Eventful Limited will host the 2023 season end edition of The Fashion Souk 9.0 scheduled to hold at the Harbour Point, Victoria Island, Lagos on Saturday, December 2nd and Sunday, December 3rd.
The Fashion Souk is Nigeria’s premier marketplace where smart Small and Medium-sized Enterprises (SMEs) in the fashion industry gather to display and market their diverse goods and services to a large audience.
With its extensive collection of fashion-related SMEs, The Fashion Souk stands as the largest congregation of such businesses in Nigeria to date. The event will primarily focus on four thriving industries: manufacturers, leather, retailers, and jewelry & accessories.
Over 140 established SMEs in Nigeria’s fashion industry, leather, and jewelry/accessories sectors, spanning across manufacturers, retailers, and dealers, will participate in The Fashion Souk 9.0. This incredible platform provides these businesses with an unparalleled opportunity to exhibit their creativity, product lines, and unique offerings to a discerning audience.
The Fashion Souk promises to be a memorable event that showcases the rich diversity, talent, and innovation within Nigeria’s fashion industry where attendees and shoppers can expect an immersive experience, with an array of unique products, inspiring fashion shows, and networking opportunities with industry experts.
In line with its SME focus and commitment, Polaris Bank has partnered and supported businesses in critical sectors of the Nigerian economy including; health, education, manufacturing, agriculture, export, and others. The Bank has advanced credits to these sectors for acquisition of medical equipment, machines, distribution, and logistics of medical products; laboratory equipment, stationaries, furniture, classrooms, school bus; working capital for businesses, expansion, etc.
BusinessDay in a November 2022 article valued Sub-Saharan fashion market at $31billion, with Nigeria accounting for 15 percent to the total regional market; while Statista put the value of the global fashion industry in 2022 at $1.53trillion, with revenue forecast to increase in 2023, to more than $1.7trillion.
Polaris Bank was adjudged Nigeria’s Digital Bank of the Year in 2023, 2022 and 2021 in Business Day’s Banks and Other Financial Institutions (BAFI) Awards. It also emerged as the Nigeria’s Best MSME Bank of the Year because of its ability to use technology to enable bottom-up support to the MSME sector.
Polaris Bank was adjudged Nigeria’s Digital Bank of the Year in 2023, 2022 and 2021 in Business Day’s Banks and Other Financial Institutions (BAFI) Awards. It also emerged as the Nigeria’s MSME Bank of the Year because of its ability to use technology to enable bottom-up support to the MSME sector.
As a digital-forward Bank, Polaris Bank is dedicated to forging a customer-focused future through innovative partnerships that reshape both businesses and communities.
The post Polaris Bank deepens promotion of SMEs in Nigeria, Sponsors 2023 Year End Fashion Souk with Eventful appeared first on Jomog.
GAS EXPLOSION LEAVES SEVEN KWARAPOLY STUDENTS AND GAS ATTENDANT INJURED, IN ILORIN FIRE ACCIDENT
Seven students of the Kwara State Polytechnic (Kwarapoly), Ilorin, Kwara state reportedly sustained varying degrees of injury during a fire incident at a gas refilling shop near a student hostel.
The fire incident, which occurred at Destiny Villa, Dola Abinbola Street, Elekoyangan area in the Ilorin East local government area of the state late Saturday night, also involved a gas attendant.
The Head of Department media and publicity of the state Fire Service, Hakeem Adekunle, on behalf of the director of the service, Prince Falade John, said that the fire started when a gas attendant at a nearby gas shop was refilling a gas cylinder, positioned several meters above ground level.
“The cylinder fell and exploded, concurrently releasing gas from the charged hose used for refilling. This exacerbated the fire, resulting in injuries to seven Kwara State Polytechnic students and the gas attendant.
“The firemen promptly departed from the station and upon arrival at the scene, they encountered a building with about 17 self-contained rooms fully ablaze. Four rooms were affected, and eight individuals sustained injuries”.
The fireman said that a total estimated property lost was valued at N14.6 million, while a total estimated property saved was N72.2 million.
In response to the incident, Director of Kwara State Fire Service, Prince Falade John, dispatched his team to check on the affected students on Sunday, November 19, 2023.
The Director also urged the members of the public to prioritise safety measures to prevent fire disaster
VARSITY UNIONS,LAUDS PRESIDENT TINUBU,OVER CANCELLATION OF 40% IGR DEDUCTION POLICY
The Academic Staff Union of Universities (ASUU) and Congress of Nigerian University Academics (CONUA) have commended the Federal Government for cancelling the deduction of 40 per cent from the Internally Generated Revenue (IGR) of Federal universities.
Both unions applauded President Bola Tinubu for toeing the path of peace.
The ASUU Chairman, Nasarawa State University, Keffi chapter, Prof. Samuel Alu, described it as “one of the best decisions taken by this administration in recent times.”
Alu, therefore, asked the government to revisit the Nimi Briggs committee recommendations of the ASUU-FGN renegotiation.
“There shouldn’t be any shame in retraction if you have a superior argument over any matter. This is commendable and should be sustained,” he said.
On his part, CONUA National President, Dr Niyi Sunmonu, called on the Federal Government to pay the eight-month withheld salaries of members, even as he described the news as a ‘welcome development’.
Sunmonu said that the decision would have had adverse effect on the ivory tower had it been implemented.
The academic tasked the FG to explore ingenious ways of improving funding in the universities for the overall benefit of the nation rather than dipping its hands into the coffers of tertiary institutions.
He said: “It appeared the various negative reactions that greeted the announcement of the policy were not lost on the president. The FG should know that our universities are struggling to cope in the face of dwindling resources and will eventually have negative impact on the growth of the nation.
“So, CONUA is of the opinion that the government should not stop at this cancellation, but must effect ingenious ways of improving funding in the universities for the overall benefit of the nation.”
Tinubu, had through his Education Minister, Prof. Tahir Mamman, announced the cancellation of the planned 40 per cent deduction at the Founder’s Day ceremony of the University of Ibadan (UI)
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