Connect with us

latest

Dollar Dominates As Naira Struggles: Black Market Rates Surge On August 23

Published

on

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.

Gospel singer Nathaniel Bassey has issued a stern warning to married men involved in secret affairs, saying such actions could have dire consequences.

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.

Kano Governor Holds Closed-Door Meeting With Lawmakers And Kingmakers

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.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Advertisement

latest

APC Releases 2027 Electoral Calendar, Parties Brace For Fierce Contest.

Published

on

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▶

The details were contained in a document signed by the party’s National Organising Secretary, Sulaiman Muhammad Argungu.

According to the schedule, the timetable sets out key processes including screening of aspirants, appeals, primary elections, and guidelines for the purchase of nomination and expression of interest forms.

The party also fixed the cost of nomination forms at ₦100,000,000 for presidential aspirants, ₦50,000,000 for governorship aspirants, ₦20,000,000 for Senate hopefuls, ₦10,000,000 for House of Representatives candidates, and ₦6,000,000 for State House of Assembly aspirants.

Pensioners in Niger State Disrupt The Swearing-in of LG Chairmen.

In a statement signed by its National Publicity Secretary, Felix Morka, the APC reaffirmed its commitment to conducting transparent and credible primary elections aimed at strengthening internal democracy within the party.

The schedule indicates that the sale of forms will begin on Saturday, April 25, 2026, and close on Saturday, May 2, 2026.

CBN Strikes Hard: Aso Savings, Union Homes Lose Operating Licences.

Screening of aspirants for State Houses of Assembly, House of Representatives, Senate, and Governorship positions is slated for May 6 to May 8, 2026, while presidential screening will take place on May 9, 2026.

The presidential primary election is scheduled for May 15 to May 16, 2026.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Continue Reading

latest

Tension In Oyo As APC Leader Alleges Death Threat From Lawmaker.

Published

on

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▶

Oyebade, who represents the internal party group in Lagelu, claimed the incident occurred at the APC State Secretariat in Oke Ado, Ibadan, on Monday during a meeting convened to resolve disputes over the recent local government congress.

He said he was invited by the APC State Secretary, Fatai Adesina, to attend discussions aimed at addressing lingering disagreements within the party.

According to him, the situation escalated when he refused to sit among certain individuals in the absence of his political leaders, insisting that proper representation was necessary before proceeding.

CBN Strikes Hard: Aso Savings, Union Homes Lose Operating Licences.

Oyebade alleged that the meeting, which later moved into the office of the state chairman, became tense and descended into physical confrontation.

He further claimed he was attacked in the presence of party executives and also received threats during the incident, which he said left him injured.

The APC chieftain stated that he has since sought medical attention and reported the matter to the State Criminal Investigation Department in Iyaganku, Ibadan.

However, Olafisoye Akinmoyede has denied the allegations, insisting that the meeting was peaceful and no form of violence occurred.

Wike Declared National Leader Of PDP By South-South Secretary.

In a response issued through his legislative aide, Dr. Isiaq Akintunde, the lawmaker explained that the gathering was aimed at resolving internal party issues and not marked by any disruption.

He added that the meeting discussed concerns around Oyebade’s claimed position within the party, noting that official records differ from the role he presented.

The incident has further deepened tensions within the party in the area as both sides maintain conflicting accounts of what transpired.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Continue Reading

latest

Tragedy At JAMB Centre As Woman Dies While Accompanying Daughter For UTME.

Published

on

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▶

The incident happened during the ongoing Unified Tertiary Matriculation Examination (UTME), leaving residents and witnesses in shock.

It was gathered that the woman had escorted her daughter to the exam venue when she suddenly began to feel unwell shortly after arriving.

An eyewitness, Abiola, said she showed signs of weakness before eventually collapsing at the centre.

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

According to him, efforts made by people around to revive her were unsuccessful, and she was confirmed dead at the scene.

Sources also revealed that she had earlier informed people of her plan to accompany her daughter to the examination centre. At the time of the incident, her daughter was already inside the examination hall writing the UTME and was unaware of what had happened outside.

The development drew sympathy from residents and passersby, many of whom expressed sorrow over the sudden loss.

Confirming the incident, the spokesperson for the Ondo State Police Command, Jimoh Abayomi, said the command had been informed and responded appropriately.

“I’ve Your Mate at Home” – Senator Natasha Clashes With Colleague In Heated Exchange (Video)

He described the incident as unfortunate and expressed the command’s condolences to the family.

He further stated that the deceased’s family had been contacted, and her remains were released to a family member who identified himself as her son.

The police urged members of the public to remain calm, as the community continues to mourn the unexpected loss.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Continue Reading

Trending

Copyright © 2023 NIVONEWS

×