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U.S Deputy Secretary Adeyemo Offers Insights On Nigeria’s Economic Prosperity

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U.S Deputy Secretary Adeyemo Offers Insights On Nigeria’s Economic Prosperity....KINDLY READ THE FULL STORY HERE▶

Mr. Wally Adeyemo, Deputy Secretary of the United States Department of the Treasury, has called upon the Federal Government to ensure the stability of the naira, emphasizing its pivotal role in reviving the nation’s economy.

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Adeyemo, accompanied by a U.S. envoy delegation, made these remarks in Lagos during a Fireside discussion titled “U.S.-Nigeria Economic Relations: People, Entrepreneurship, and Investment,” hosted by the Lagos Business School (LBS).

As the first black U.S. Deputy Secretary of the Treasury, Adeyemo assured of President Joe Biden’s commitment to bolster the socioeconomic relationship between the two nations.

He emphasized that for Nigeria’s economy to prosper, the Federal Government must address four key critical areas that hold the potential to elevate the country’s status.

Adeyemo stressed the necessity of a stable naira and the unification of Nigeria’s exchange rates to ensure macroeconomic stability, thereby attracting investment and sparking transformative opportunities.

Furthermore, he called for the government to articulate a clear fiscal strategy that fosters credible investment, both for local and foreign investors, while asserting that, with the right macroeconomic framework, Nigeria can become the preferred destination for foreign capital, including from the United States.

Adeyemo urged the government to demonstrate greater commitment to combating corruption, holding public officials accountable, which, in turn, could stimulate investments into the country.

He expressed his presence at the event as an opportunity to discuss how the U.S. can collaborate in Nigeria’s economic reform programs, emphasizing that a prosperous Nigeria is mutually beneficial for both nations and the entire continent.

Acknowledging Nigeria’s vast economic potential, Adeyemo highlighted its significance to the country’s citizens, the continent, and the United States as a whole. He affirmed President Biden’s dedication to strengthening the U.S.-Nigerian relationship due to shared values.

Adeyemo noted the significant contributions of Nigerians globally, including the success of companies like the Dangote Group and Globalcom, as well as their contributions to culture, arts, entertainment, fintech, healthcare, and more.

With over 40 million MSMEs in Nigeria, predominantly operated by the youth, he emphasized the importance of implementing policies that would drive the growth of these businesses and further stimulate the nation’s economy.

The Vice Chancellor of the Pan Atlantic University, Prof. Enase Okonedo, expressed Nigerians’ eagerness to strengthen socioeconomic ties with the USA, particularly in vital sectors such as healthcare, security, infrastructure, and support for wealth creation.

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When Men Mount: Esosa Iyawe Steals the Spotlight at APC South-South Stakeholders Meeting in Benin(Video)

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When Men Mount: Esosa Iyawe Steals the Spotlight at APC South-South Stakeholders Meeting in Benin(Video)

In a room charged with political energy and elite presence, Hon. Esosa Iyawe, Member representing Oredo Federal Constituency, emerged as one of the most talked-about figures at the APC South-South Stakeholders Meeting held in Benin City.....KINDLY READ THE FULL STORY HERE▶

With Senate President Godswill Akpabio, Governor Monday Okpebholo, Comrade Adams Oshiomhole, Engr. Abubakar Momoh FNSE, Chief Timipre Sylva, Senator Ifeanyi Okowa, alongside state governors, senators, and top APC chieftains from across the South-South in attendance— the atmosphere was rich with leadership.

Amid it all, Hon. Esosa Iyawe distinguished himself with calm confidence, a composed presence, and the kind of poise that quietly resonated throughout the gathering.

Men mount, and Esosa Iyawe stood tall—carrying the pride of Oredo with class, clarity, and a political sharpness that quietly echoed long after the cameras stopped rolling.

Osigwe Omo-Ikirodah reporting from Benin City for iReporteronline.

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Economic Jitters: Dollar Soars to ₦1,605 as Lagos APC Gears Up for LG Elections

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What Is the Dollar to Naira Exchange Rate at the Black Market (Aboki FX)?....KINDLY READ THE FULL STORY HERE▶

Below is the black market (parallel market) exchange rate for the U.S. Dollar to Naira as of Wednesday, June 25, 2025. These are the rates at which you can exchange your dollars for naira.

Black Market Dollar to Naira Exchange Rate Today (Aboki FX)

At the Lagos Parallel Market, also known as the Black Market, Bureau De Change (BDC) operators buy 1 USD at ₦1,590 and sell at ₦1,600, according to market sources.

Note: The Central Bank of Nigeria (CBN) does not officially recognize the black market. It has advised all forex transactions to be conducted through licensed financial institutions.


Summary of Exchange Rates – June 25, 2025

Dollar to Naira (USD to NGN) Exchange Rate
Black Market Buying Rate ₦1,590
Black Market Selling Rate ₦1,600
CBN Highest Rate ₦1,553
CBN Lowest Rate ₦1,548
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One Lawmaker, Eleven Motions, Ten Bills—From Gele-Gele Seaport to Free WAEC and 1,000 Streetlights, Esosa Iyawe is Getting the Job Done

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One Lawmaker, Eleven Motions, Ten Bills—From Gele-Gele Seaport to Free WAEC and 1,000 Streetlights, Esosa Iyawe is Getting the Job Done....KINDLY READ THE FULL STORY HERE▶

The streets of social media are buzzing—and for all the right reasons. Hon. Engr. Esosa Iyawe, the dynamic lawmaker representing Oredo Federal Constituency, is making history, not headlines. With a legislative record that reads like a federal policy roadmap and community projects that are transforming lives, Nigerians are saying one thing loud and clear: this is what true representation looks like.

“We’ve never had it this good in Oredo,” said a community lawyer in Benin City, Oredo’s capital. “Esosa Iyawe is not just present—he’s working like a man on a mission.”

In less than a full term, Iyawe has moved 11 bold motions on key national issues, touching everything from maritime infrastructure to financial transparency and citizen welfare. Notably, he called for the revitalization of Gele-Gele Seaport—a game changer for Edo’s economy. He took on Multichoice, demanding an investigation into their arbitrary subscription hike. He exposed alleged irregularities in the NHIA, demanded a probe into abandoned properties, and pushed for the transition to renewable energy in MDAs.

“He’s like a watchdog, a reformer, and a patriot wrapped in one,” one Abuja insider remarked.

Beyond motions, he is sponsoring 10 strategic bills, including the groundbreaking National Public Asset Management Agency Bill, the Digital Health Services Bill, and the much-anticipated Ride-Hailing and Smart Mobility Bill, which aims to modernize Nigeria’s transport technology landscape.

From the dusty corners of New Benin to the vibrant schools of Evbodia, Esosa Iyawe’s impact is visible and measurable. He has donated over 70 mini buses to empower youths, installed more than 1,000 streetlights across Oredo to enhance security, and distributed free food palliatives to over 4,000 constituents monthly for 10 consecutive months. He has sponsored free JAMB and WAEC registration for more than 1,000 students annually, provided full university scholarships, and supported skills acquisition through the donation of sewing machines and makeup kits.

He facilitated free eye surgeries for over 50 people, donated 41 computers and a solar power system to New Era School, and organized an annual cultural quiz competition across public schools in Oredo. Through his intervention, Odia College in Evbodia Community has been fully renovated, with new classroom blocks and modern toilets constructed. His support for the Muslim community through annual palliative distribution and the hosting of the HIFOT football tournament for youth engagement further underscores his commitment to inclusive development.

Clips of Iyawe’s speeches, project launches, and grassroots engagements continue to trend online with captions like “Oredo’s Blueprint of Hope,” “This is not politics—it’s performance,” and “This is the kind of representative every Nigerian constituency deserves.”

While many lawmakers vanish after elections, Esosa Iyawe is visibly writing a new story for Oredo—one powered by education, innovation, transparency, and youth empowerment. His blend of engineering discipline and legislative boldness is setting him apart.

“Oredo used to ask for attention. Now, Oredo is giving the nation direction,” a local observer noted.

Whether in the hallowed chambers of the National Assembly or the narrow streets of Ugbowo, Esosa Iyawe has shown that service isn’t about volume—it’s about value. And if this is what one man can do in such a short time, imagine what the future holds if his kind of leadership becomes the national norm.

Osigwe Omo-Ikirodah is the Principal and CEO of Bush Radio Academy

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