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Dollar to Naira Exchange Rate in the Black Market – April 6, 2025

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As of April 6, 2025, the exchange rate for the US Dollar to the Nigerian Naira in the black market—commonly referred to as the parallel market or Aboki FX—has seen further volatility.....KINDLY READ THE FULL STORY HERE▶

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According to Bureau De Change (BDC) sources in Lagos, the Dollar was purchased at ₦1,560 and sold at ₦1,565 on Saturday, April 5, 2025. These figures represent the going rates for traders operating in the informal currency exchange sector.

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It’s important to highlight that the Central Bank of Nigeria (CBN) does not endorse black market rates. Instead, it urges individuals and businesses to use official banking channels for all foreign exchange transactions.

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For reference, the CBN exchange rates on April 5, 2025, showed a highest rate of ₦1,625 and a lowest rate of ₦1,519 for the dollar. However, market rates may fluctuate and vary from one trader to another, depending on demand and location.

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Despite the regulatory stance, the parallel market continues to play a significant role in Nigeria’s forex landscape, especially for individuals and businesses seeking quicker or less bureaucratic access to foreign currency.

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Abia Govt Unveils Plan To Create 125,000 Jobs.

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Abia State Governor, Alex Otti, has reaffirmed his administration’s commitment to partnering with investors to drive development and generate employment opportunities across the state.....KINDLY READ THE FULL STORY HERE▶

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The governor made the statement at the Government House in Umuahia during the signing of a Memorandum of Understanding (MoU) for the development of the Aba Commercial Smart City, a project expected to create about 125,000 jobs.

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Represented by his Chief of Staff, Caleb Ajagba, Otti said the project would transform Aba and the wider Abia State into a major industrial hub, fostering sustainable economic growth and large-scale job creation upon completion.

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He emphasized that his administration prioritises the creation of quality employment over handouts, noting that meaningful jobs remain the most effective way to empower youths and citizens.

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The governor also called for sustained public-private sector collaboration in the state’s development, citing the recent achievement of 90 days of uninterrupted power supply in Aba as a product of effective partnership between the government and private investors.

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Speaking on the project, the Manager of Technical Services for Aba Commercial Smart City, Mr. David Okoro, disclosed that the development would occupy 140 hectares of land in Osisioma and generate 25,000 direct jobs and 100,000 indirect jobs for residents of Abia State.

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Ogun Correctional Centre: 10 Inmates Secure Admission Into College Of Education.

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Ten inmates of the Old Abeokuta Custodial Centre in Ibara, Ogun State, have secured free admission into Yewa Central College of Education to study various academic programmes.....KINDLY READ THE FULL STORY HERE▶

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The beneficiaries, made up of seven males and three females, were admitted into courses including English Language/Social Studies, Economics/Social Studies, Political Science/Social Studies, Business Education, Physical and Health Education, Economics/Political Science, and Economics/Computer Science.

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Speaking at a matriculation ceremony held within the correctional facility on Friday, the Provost of the College, Dr. Mary Bamgbose, formally welcomed the inmates into the 2025/2026 academic session and urged them to maintain good conduct.

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She described the inmates as reformed and expressed confidence that they could become positive representatives of the institution after regaining their freedom.

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“Today, 10 inmates who have been corrected and reformed are being matriculated into Yewa Central College of Education. As you begin this journey on February 6, 2026, I urge you to conduct yourselves properly,” Bamgbose said.

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“As God is showing you mercy through this opportunity, I believe you can one day serve as good ambassadors of our college outside this system,” she added.

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Speaking on behalf of the new students, Peter Adike expressed gratitude and pledged that, despite their incarceration, they are determined to make the opportunity count.

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However, he noted that they still face challenges accessing essential learning resources such as teachers, textbooks, and classroom furniture.

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Sanwo-Olu Says Murtala Muhammed Set A Standard Nigeria Must Uphold.

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Lagos State Governor, Babajide Sanwo-Olu, has reflected on the lasting legacy of former Nigerian Head of State, General Murtala Ramat Muhammed, describing his leadership as a moral benchmark for public service, fifty years after his death.....KINDLY READ THE FULL STORY HERE▶

South-East Governors Accused Of Conspiracy By Igbo Clerics Over Kanu’s Imprisonment

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