Via Naija News:
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 10th January, below. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N740 and sell at N745 on Tuesday 10th January 2023, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want 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 | N740 |
| Selling Rate | N745 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Experts Kick Against ASUU’s Proposed 10% Education Tax, Make Case For Private Firms
The Academic Staff Union of Universities (ASUU) has been criticized by tax experts over the proposed hike in tertiary education tax in the country.
Naija News gathered that these experts have kicked against the proposed increase of the tertiary education tax from three percent to 10 percent saying the move would only put more burden on private firms.
Fiscal Policy Partner and Africa Tax Leader of the PwC, Taiwo Oyedele, faulted ASUU’s move saying there was just an increase in education tax a year ago.
Oyedele, who was featured on an Arise TV interview said the increased education tax rate would be one of the highest in the world, noting that for a sector where investors are needed.
He explained that one basis point of the education tax rate is equivalent to two basis points of companies income tax rate because it is calculated on a much larger base than companies income tax.
Oyedele argued that when companies’ income tax, technology tax, police tax, and science and engineering tax, among others, were computed, a firm would effectively be paying over 40% tax which he said is too high.
