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Dollar Sells for ₦1,627 in Lagos Black Market as Naira Struggles

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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.

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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.

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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

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2.2 Million Candidates Sit for 2026 UTME Nationwide.

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The 2026 Unified Tertiary Matriculation Examination (UTME) began nationwide on Thursday, with over 2.2 million candidates expected to participate across accredited centres.....KINDLY READ THE FULL STORY HERE▶

The exam, conducted by the Joint Admissions and Matriculation Board (JAMB), will run from April 16 to April 22 in multiple daily sessions.

JAMB Registrar, Prof. Is-haq Oloyede, urged examination officials to remain highly committed and professional, noting that the success of the exercise depends largely on their dedication.

He gave the charge during a virtual final briefing for technical officers ahead of the examination, where he also praised staff, ad hoc personnel, service providers, and technical advisers for their roles in the successful conduct of the mock exam.

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Oloyede said many of the issues recorded during the mock exercise were due to poor assessment of centres by some technical officials.

He further stated that incentive packages would be awarded to teams that perform exceptionally, particularly in handling exam materials and submitting timely reports.

Reiterating JAMB’s zero-tolerance stance on malpractice, he warned candidates against bringing prohibited items into examination halls.

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He also disclosed that biometric verification and real-time monitoring systems have been deployed to protect the integrity of the exercise.

Candidates whose biometrics cannot be verified, he added, will be rescheduled to write the exam at approved centres.

Meanwhile, a NAN correspondent monitoring proceedings at Aduvie International School, Jahi, reported that the first session scheduled for 8:30 a.m. began slightly behind schedule at about 8:40 a.m.

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FCT CP Inspects Security At JAMB Centres In Abuja Photos.

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The Commissioner of Police for the Federal Capital Territory (FCT), CP Ahmed Muhammed Sanusi, on Thursday inspected security deployments at Joint Admissions and Matriculation Board (JAMB) Computer-Based Test (CBT) centres across Abuja.....KINDLY READ THE FULL STORY HERE▶

According to the FCT Police Command spokesperson, SP Josephine Adeh, the inspection is part of proactive measures to ensure a smooth, peaceful, and hitch-free conduct of the ongoing examinations.

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The UTME is scheduled to run nationwide from April 16 to 18, 2026.

During the exercise, CP Sanusi assessed security arrangements put in place to safeguard candidates, examination officials, and CBT facilities.

He also engaged with centre supervisors, assuring them of adequate security presence throughout the examination period.

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Adeh added that the CP reaffirmed the command’s commitment to maintaining law and order, warning that any attempt to disrupt the examinations would be met with decisive action in line with the law.

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Over 700 Repentant Terrorists Set For Reintegration – Gen. Ali.

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Over 700 former terrorists who have undergone deradicalisation and rehabilitation are set to be reintegrated into their communities.....KINDLY READ THE FULL STORY HERE▶

The Nigerian military has also dismissed reports alleging that beneficiaries of Operation Safe Corridor are being recruited into military institutions.

According to African Independent Television, the Coordinator of Operation Safe Corridor, Brigadier-General Yusuf Ali, made this known during a media tour of the Deradicalisation, Rehabilitation and Reintegration Centre in Gombe, North-East Nigeria.

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He said many Nigerians still misunderstand the Federal Government’s structured counter-terrorism initiative, which is designed to restore peace in communities affected by insurgency.

Brigadier-General Ali explained that the programme focuses on rehabilitation and peaceful reintegration of repentant individuals into society.

During the tour, some of the participants also shared accounts of their involvement in offences that led to their admission into the programme.

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The facility inspection was part of preparations for the graduation of over 700 clients who have completed the deradicalisation and rehabilitation process and are set for reintegration.

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