latest
Dollar Dominates As Naira Struggles: Black Market Rates Surge On August 23
The exchange rate between the United States dollar (USD) and the Nigerian naira (NGN) at the parallel market, commonly referred to as the black market, continued to reflect volatility on Friday, August 22, 2025.....KINDLY READ THE FULL STORY HERE▶
Market information obtained from currency traders indicates that dollars were purchased at ₦1,555 and sold at ₦1,550 in parts of Lagos, according to sources within the Bureau De Change (BDC) network.
Financial analysts note that these rates remain outside the official Central Bank of Nigeria (CBN) window, as the apex bank does not recognize transactions conducted in the parallel market. The CBN has repeatedly urged individuals and businesses seeking foreign exchange to process their transactions through authorized financial institutions.
At the official market, data show the naira trading between ₦1,534 and ₦1,536 per dollar on the same day.
Observers caution that rates vary depending on location, time of transaction, and negotiation margins, meaning the actual figures in circulation may differ from published market averages.
latest
APC Releases 2027 Electoral Calendar, Parties Brace For Fierce Contest.
The All Progressives Congress (APC) has officially released its timetable and schedule of activities for the 2027 General Elections.....KINDLY READ THE FULL STORY HERE▶
latest
Tension In Oyo As APC Leader Alleges Death Threat From Lawmaker.
A chieftain of the All Progressives Congress (APC) in Lagelu Local Government Area of Oyo State, Gafar Oyebade, has been hospitalised after alleging that he was assaulted during a stakeholders’ meeting reportedly involving a member of the House of Representatives, Olafisoye Akinmoyede.....KINDLY READ THE FULL STORY HERE▶
latest
Tragedy At JAMB Centre As Woman Dies While Accompanying Daughter For UTME.
A tragic incident occurred in Ilara-Mokin community, Ifedore Local Government Area of Ondo State, on Monday, when a woman identified as Oluwasola Adebayo reportedly collapsed and died while accompanying her daughter to a Joint Admissions and Matriculation Board (JAMB) examination centre.....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
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
-
Politics2 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
