The parallel market (or “black market”) exchange rate for the US dollar to the Nigerian naira is not officially recognized by the Central Bank of Nigeria (CBN). Individuals seeking to conduct foreign exchange transactions are advised by the CBN to utilize their respective commercial banks.....KINDLY READ THE FULL STORY HERE▶

Because market prices are dynamic and vary depending on the specific Bureau De Change (BDC) or individual traders, the rates you may encounter in the parallel market can differ from published figures.

For current reference, here is the official data available as of July 11, 2026:

Official Exchange Rate

• Central Bank of Nigeria (CBN) Rate: According to the most recent data from the Nigerian Foreign Exchange Market (NFEM), the exchange rate is approximately ₦1,379.62 per dollar.

Note: The figures provided in this article may differ from the actual rates offered by traders at any given time due to the volatile nature of the parallel market.

President Bola Tinubu announced on Friday that the Ansaru terrorist group was behind the kidnapping of teachers and students in the Orire Local Government Area of Oyo State. In a statement issued following the successful rescue of the captives, the President expressed gratitude for their safe return. He commended the security forces for their bravery, discipline, and professional conduct throughout the operation. Emphasizing his administration’s commitment to national security, President Tinubu declared that Nigeria would not yield to terror, vowing to pursue those responsible relentlessly until peace is restored throughout the country. He also confirmed that no ransom was paid or concessions made to secure the release of the victims.....KINDLY READ THE FULL STORY HERE▶

Following the safe rescue of abducted schoolchildren and teachers in Oyo State, President Bola Tinubu has identified the Ansaru terrorist group as the perpetrators of the kidnapping. Sharing the news in a personal statement, the President lauded the security operatives involved, praising their professionalism and courage in executing the rescue without paying any ransom or granting concessions. Highlighting the nation’s relief at the victims’ safe return, the President issued a stern warning to those attempting to incite fear through terror. He reiterated the government’s unwavering resolve to protect all citizens and defend communities across Nigeria until total security is achieved.

Option 3: Concise Summary

President Bola Tinubu has confirmed that the Ansaru terrorist group was responsible for the recent abduction of students and teachers in Oyo State’s Orire Local Government Area. In a statement celebrating the successful and unconditional rescue of the victims, the President praised the Nigerian security forces for their disciplined and professional efforts. Reaffirming his administration’s stance against terrorism, President Tinubu vowed to relentlessly pursue criminals and ensure that peace, security, and protection are upheld for all Nigerians.

Abiodun Ademola, the social media personality widely known as DJ Chicken, appeared before an Ikeja Magistrates’ Court in Lagos on Friday to face charges regarding alleged threats made against the President’s son, Seyi Tinubu. The 37-year-old was arraigned on three counts, including threats to life, the publication of offensive online material, and conduct likely to cause a breach of the peace. Prosecutors allege that Ademola posted a video on his social media accounts on July 5 threatening to kill Seyi Tinubu if President Bola Tinubu contests or wins the 2027 election. Following his plea of not guilty, Magistrate M.F. Onamusi granted him ₦1 million bail, stipulating that he must provide two sureties—one being a blood relative and the other a community leader or cleric. The court also mandated proof of tax payments and verification from the Lagos State Traffic Management Authority before adjourning the matter until August 3.....KINDLY READ THE FULL STORY HERE▶

Lagos social media figure Abiodun Ademola, famously known as DJ Chicken, has been arraigned following a controversial video he allegedly posted online threatening the life of Seyi Tinubu. According to the police, the 37-year-old uploaded menacing content to his Facebook and Instagram accounts on July 5, intending to incite fear in the President’s son regarding the 2027 presidential elections. Despite the serious nature of the charges, which include violating the Cybercrimes Act, Ademola maintained his innocence and pleaded not guilty during his Friday court session. Magistrate M.F. Onamusi granted the defendant bail set at ₦1 million, with strict requirements including tax documentation and specific surety criteria. The case has been moved to August 3 for further proceedings.

Option 3: Concise Summary

Social media personality “DJ Chicken” (Abiodun Ademola) was arraigned in an Ikeja Magistrates’ Court on Friday for allegedly threatening to kill Seyi Tinubu, the son of President Bola Tinubu, via a social media video. Ademola faces three charges, including threats to life and publication of offensive material, all of which he denied in court. Magistrate M.F. Onamusi granted the defendant ₦1 million bail, requiring two sureties—a blood relative and a community or religious leader—along with proof of tax payments and official verification. The case is set to resume on August 3.