Latest News
Dollar Sells for ₦1,627 in Lagos Black Market as Naira Struggles
As of Friday, April 11, 2025, the black market exchange rate for the US Dollar to the Nigerian Naira remains volatile. According to sources at the Bureau De Change (BDC) in Lagos, the Dollar was purchased at ₦1,620 and sold at ₦1,627 in the parallel market, also known as the black market or “Aboki FX.”....KINDLY READ THE FULL STORY HERE▶
Despite fluctuations in the foreign exchange market, the Central Bank of Nigeria (CBN) maintains that the parallel market is not an officially recognized source for forex transactions. The CBN has advised individuals and businesses seeking foreign exchange to transact through authorized financial institutions such as commercial banks.
In contrast to the parallel market, the official CBN exchange rate ranged between ₦1,570 and ₦1,630 as of the same day. However, it’s important to note that rates may vary slightly depending on location and market conditions.
Exchange Rate Summary (April 11, 2025):
-
Black Market Buying Rate: ₦1,620
-
Black Market Selling Rate: ₦1,627
-
CBN Official Rate Range: ₦1,570 – ₦1,630
latest
Labour Party Suspends 26 Abure Faction Members (Full List).
A faction of the Labour Party (LP) led by the Nenadi Usman Caretaker Committee has suspended 26 members loyal to the Julius Abure-led faction.....KINDLY READ THE FULL STORY HERE▶
latest
Why Peter Obi Can Never Return To Labour Party – Arabambi.
Factional Labour Party South-West Vice Chairman, Abayomi Arabambi, has insisted that the party’s 2023 presidential candidate, Peter Obi, will never be allowed to return to the Labour Party.....KINDLY READ THE FULL STORY HERE▶
latest
NNPP Rejects Atiku, Says “We Don’t Want To Be Part Of ADC”.
The New Nigeria Peoples Party (NNPP) has dismissed claims by former Vice President Atiku Abubakar that it is part of the African Democratic Congress (ADC) coalition.....KINDLY READ THE FULL STORY HERE▶
-
latest8 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics2 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics2 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
