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Dollar to Naira: Black Market Exchange Rate Hits ₦1,550 on March 28th, 2025

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Dollar to Naira Black Market Exchange Rate on March 28th, 2025
According to reports from the Bureau De Change (BDC), the black market exchange rate for the US Dollar to the Nigerian Naira stood at ₦1,540 for buying and ₦1,550 for selling on Friday, March 28th, 2025. It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market, commonly referred to as the black market, for foreign exchange transactions. The CBN advises individuals to approach their respective banks for official forex dealings.....KINDLY READ THE FULL STORY HERE▶

CBN Exchange Rate Update
On the official market, the CBN rate for the US Dollar to Naira remains within the range of ₦1,535 to ₦1,540. However, it is crucial to understand that forex rates can vary depending on the source and location of the transaction.

Rise in Nigeria’s Money Supply
The Central Bank of Nigeria (CBN) recently reported a significant increase in the country’s money supply (M2), which grew by 17.3% year-on-year. As of February 2025, the money supply had reached ₦110.3 trillion, up from ₦93.97 trillion recorded in February 2024. This growth is attributed to favorable changes in quasi-money components, including savings and time deposits.

Decline in Credit to Economy
Conversely, credit to the economy fell by 13.4% year-on-year, dropping to ₦99.4 trillion in February 2025. This decline is largely attributed to reduced lending to both the government and the private sector.

Demand Deposits Surge
Demand Deposits saw a significant rise of 22.8% year-on-year, reaching ₦33.05 trillion in February 2025 compared to ₦26.9 trillion during the same period in 2024. Quasi-money, encompassing savings and other near-money assets, also rose by 14%, climbing from ₦63.7 trillion to ₦72.7 trillion.

The CBN’s data highlights that the positive changes in the money supply were driven by the increased growth of both quasi-money and demand deposits.

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“THE REBELLION IS ON: Man City Declares Total War On Premier League Chiefs Over Landmark Decision!”

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The Appeal: Manchester City has officially filed a comprehensive appeal challenging the findings of the Premier League Commission following its recent disciplinary decision.....KINDLY READ THE FULL STORY HERE▶

  • Filing Timeline and Claims: The club confirmed submitting the appeal at 7:00 PM on Thursday, October 1, 2026, describing the commission’s opinion as unsafe and containing clear material errors of law, principle, and fact while maintaining its complete innocence.

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  • The Verdict Details: The independent commission previously found City guilty of financial breaches between the 2009-10 and 2017-18 seasons—including arranging sham contracts to disguise over 830 million pounds in secret funding—as well as failing to fully cooperate with the investigation.

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  • Club and Leadership Response: City expressed surprise and disappointment at the verdict, insisting that comprehensive evidence supports their defense, though public comments remain limited due to ongoing proceedings. Chairman Khaldoon Al Mubarak and CEO Ferran Soriano expressed confidence in proving the club’s innocence.

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  • Pep Guardiola’s Support: Former manager Pep Guardiola reaffirmed his unwavering backing for the club, ownership, staff, and supporters in a social media statement, declaring that they will get through the challenge together.

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3. “Donald Duke is Better Than All Of Them”: Baba-Ahmed Explains Why PRP Is Shaking Up The 2027 Race!

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The National Chairman of the People’s Redemption Party (PRP), Dr. Hakeem Baba-Ahmed, has asserted that the party is exceptionally fortunate to feature former Cross River State Governor, Donald Duke, as its presidential candidate for the upcoming 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

A Strong Endorsement for Donald Duke

  • Surpassing Competitors: Speaking during an interview, Baba-Ahmed confidently stated that, candidate for candidate, Donald Duke outperforms all other presidential contenders currently in the political space.

  • Integrity and Capability: He described Duke as part of a visionary leadership blueprint aimed at thinking critically, restoring national dignity, exhibiting true integrity, and offering young Nigerians a leadership style they can genuinely look up to.

The Strategic Push for an Opposition Coalition

Despite possessing what he considers the superior candidate, Baba-Ahmed explained why the party is actively championing a broader political alliance:

  • Consensus Over Ego: The PRP chairman emphasized that the party’s push for a mega-coalition is driven by consensus and constitutional processes rather than forcing Duke’s candidacy through on profile strength alone.

  • Defeating Fault Lines: Framing the 2027 election as a critical turning point for the nation, Baba-Ahmed noted that the stakes go far beyond individual party ambitions. The coalition aims to unite likeminded opposition forces to rescue Nigeria from its current trajectory and bridge its deep fault lines.

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Clearing The Air: Norway Manager Slams Rumors Of Man City Media Blackout Over Haaland!

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Norway national team manager Ståle Solbakken has firmly denied allegations that Manchester City pressured him to shield star striker Erling Haaland from questions concerning the club’s financial breach case during international duty.....KINDLY READ THE FULL STORY HERE▶

Media reports had previously claimed that club officials intervened behind the scenes to restrict Haaland’s media exposure. However, speaking to TribalFootball, Solbakken rejected these accusations entirely, emphasizing that Manchester City had no influence over his handling of media duties. He noted that the last time he ever discussed media matters with the club was during Haaland’s transition from Borussia Dortmund to Manchester City.

Key Highlights from Solbakken’s Statement

  • Solbakken labeled the rumors a “lie,” stating that such claims compromise his personal integrity and his commitment to honesty with the national team.

  • The manager clarified that the choice to exempt Haaland from specific media obligations was entirely his own decision, made without informing or consulting either Haaland or Manchester City.

  • Expressing frustration over persistent club-level controversies overshadowing international windows, Solbakken urged journalists to focus on Haaland’s athletic performance on the pitch rather than fabricated cover-up stories.

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