Tag Archive for: Exchange

Dollar To Naira Exchange Rate Today, 16 May 2022

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Friday, 13th May: This is the news about the Dollar to Naira rate at the official and black market exchange rate.

Read Naija News update on the official dollar rate in nigeria as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

The official rate today, Friday, May 13th, 2022, for $1 dollar to naira = ₦417.70/$1.

According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦417.70/$1 on Friday 13th, after it closed at ₦420.00 to a $1 on Thursday, 12th May 2022.

Naija News reports that the dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.

How much is a dollar to naira today in the black market?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N585 and sell at N600 on Friday, May 13th 2022, 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 585
Selling Rate 600

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦417.70/$1 on 13th May, 2022 and closed at ₦419.00/$1. Showing a change of -0.24% and a daily turnover of $169.38 million.

According to data from FMDQ, forward rate went as high as ₦453.25 and as low as ₦421.29.

Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦412.00.

A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date.

FG Reveals Ways Hackers Can Unlock, Steal Your Vehicles, Issue Warnings About New Trojan Apps

The Nigerian Communications Commission (NCC) on Sunday alerted telecom consumers and members of the public on an ongoing cyber-vulnerability that allows a nearby hacker to unlock vehicles, start their engines wirelessly and…

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Cuba Ransomware Exploits Microsoft Exchange Flaws

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The Cuba ransomware, known for impacting dozens of organizations globally including critical infrastructure, has over the past year started targeting Microsoft Exchange vulnerabilities in order to gain initial access.

The ransomware, which is known for encrypting the files on compromised networks with the “.cuba” extension, has previously been distributed via the Hancitor malware, a loader known for executing second-stage malware onto victim networks, including stealers, remote access trojans (RATs) and ransomware. In order to gain initial access, the malware leverages phishing emails or compromised credentials.

However, researchers with Mandiant have observed that as early as August the attackers behind the ransomware started directly targeting the ProxyShell and ProxyLogon flaws, rather than being deployed via the loader.

“Shifting towards vulnerabilities for initial access could offer threat actors more accurate targeting and higher success rates when compared to malicious email campaigns, which rely more on uncontrollable factors, such as victims’ interacting with malicious links or documents,” said Tyler McLellan, Joshua Shilko and Shambavi Sadayappan, with Mandiant, in an analysis this week. “As the number of vulnerabilities identified and publicly disclosed continues to increase year after year, Mandiant has also observed an increase in the use of vulnerabilities as an initial compromise vector by ransomware threat actors including utilizing both zero-day and n-day vulnerabilities in their activity.”

Mandiant researchers said the threat actor behind the Cuba ransomware, which they label UNC2596, is known to leak stolen data on the group’s shaming website. The actors have previously demanded at least $74 million from victims and received at least $43.9 million in ransom payments, according to the FBI.

Cuba ransomware operations have impacted organizations across more than ten countries (with about 80 percent of victims in North America), including those in critical infrastructure sectors. In a December advisory, the FBI previously said it identified the actors compromising at least 49 entities in five critical infrastructure sectors, including…

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2021’s second-largest listing will come from a Chinese wireless carrier booted off the New York Stock Exchange – Fortune

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2021’s second-largest listing will come from a Chinese wireless carrier booted off the New York Stock Exchange  Fortune

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Hackers take $196 million from crypto exchange Bitmart, security firm says

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Hackers have taken $196 million from crypto trading platform Bitmart, a security firm said Saturday.

Bitmart confirmed the hack in an official statement Saturday night, calling it “a large-scale security breach” and writing that hackers withdrew about $150 million in assets. However, blockchain security and data analytics firm Peckshield estimates that the loss is closer to $200 million.

Bitmart added in a statement that all withdrawals had been temporarily suspended until further notice and said a thorough security review was underway.

Peckshield was the first to notice the breach on Saturday, noting that one of Bitmart’s addresses showed a steady outflow of tens of millions of dollars to an address which Etherscan referred to as the “Bitmart Hacker.”

Peckshield estimated that Bitmart lost around $100 million in various cryptocurrencies on the ethereum blockchain and another $96 million from coins on the binance smart chain. The hackers made off with a mix of more than 20 tokens, including binance coin, safemoon, and shiba inu.

Bitmart says that the affected ethereum and binance smart chain “hot wallets” carried only a “small percentage” of the exchange’s assets. The statement went on to say that all other wallets were “secure and unharmed.”

People who choose to hold their own cryptocurrency can store it “hot,” “cold,” or some combination of the two. A hot wallet is connected to the internet and allows owners relatively easy access to their coins so that they can access and spend their crypto. The trade-off for convenience is potential exposure to bad actors.

CNBC reached out to multiple Bitmart employees to ask for more clarity on the hack, including whether customer funds had specifically been targeted in the breach, and if so, whether users would be reimbursed. CNBC has not yet heard back, but an email to the work address of Bitmart founder and CEO Sheldon Xia (as listed on Xia’s unverified Twitter account) bounced back with a message that read, “Recipient address rejected: Access denied.”

Bitmart, which offers a mix of spot transactions, leveraged futures trading, as well as lending and staking services, typically ranks as one of the top centralized crypto exchanges by volume,…

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