Black Market Exchange Rate for Dollar to Naira on September 28, 2023 (Aboki fx):
– Buying Rate: N995
– Selling Rate: N1000
Please be aware that the actual forex rates you encounter may differ from those mentioned here since prices can fluctuate. It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market (black market), and individuals looking to engage in forex transactions are directed to their respective banks.
In other news, Google has initiated the Hustle Academy SMB Fund, a N75 Million equity-free fund designed to empower Nigerian Small and Medium-sized Businesses (SMBs). This initiative aims to provide financial support and opportunities to 15 Nigerian small business owners, reflecting Google’s commitment to fostering entrepreneurial growth in Nigeria. Small businesses play a vital role in Nigeria’s economy, yet they often face challenges, particularly in securing essential funding. Google’s Hustle Academy, established in 2022, offers business education, mentoring, and networking to SMEs, focusing on helping them attract the capital needed to expand their operations. The program has already graduated over 4,000 Nigerian SMBs, with 74% reporting significant business growth from the first year. The Hustle Academy Fund adds to this success by providing non-dilutive funding and tailored mentorship to 15 investor-ready SMBs in Nigeria, positioning them for success in their entrepreneurial journeys.
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