latest
Naira Wobbles Again As Black Market Dollar Rate Surges
The black market exchange rate of the United States Dollar (USD) to the Nigerian Naira (NGN) has continued to generate strong interest among Nigerians. According to Nivo News, traders in the Lagos parallel market on Sunday, September 28, 2025, exchanged the dollar at ₦1,505 for selling and ₦1,485 for buying....KINDLY READ THE FULL STORY HERE▶
While these figures reflect ongoing demand pressures in the unofficial market, the Central Bank of Nigeria (CBN) maintains that it does not recognize or regulate black market transactions. The apex bank has consistently advised individuals and businesses seeking foreign exchange to conduct transactions through their respective banks.
At the official window, the dollar traded within the range of ₦1,471 to ₦1,487, showing a narrower margin compared to the parallel market rates. Market analysts caution that actual transaction prices may vary depending on location, timing, and individual negotiation, as the foreign exchange market remains highly volatile.
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THE ULTIMATE SHOCKER: Amotekun Turns On Informant And Arrests Man Who Reported His Siblings’ Kidnapping!.
The Ondo State Security Network Agency, commonly known as Amotekun Corps, arrested a man who initially reported the kidnapping of his siblings after investigations revealed he was an accomplice in a staged, fake abduction plot.....KINDLY READ THE FULL STORY HERE▶
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Staged Kidnapping Exposure: Amotekun Commander Adetunji Adeleye revealed that the informant who rushed to report his siblings missing was actually part of the scheme, as operatives eventually discovered the supposed “victim” safe at home.
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Mass Arrests: The operation led to the apprehension of 53 total suspects for various crimes, including murder, kidnapping, cultism, rape, and theft.
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Illegal Immigrants Detained: In Owo, 21 suspected illegal immigrants lacking valid ECOWAS travel documents were arrested and marked for transfer to the Nigeria Immigration Service.
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Diesel Syndicate Dismantled: Operatives also successfully cracked down on a criminal syndicate stealing millions of naira worth of petroleum products from a construction and quarry site along Ondo Road in Akure.
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THE ULTIMATE POLITICAL ALARM: APC Drops A Massive Bombshell Accusing APGA Of Plotting To Confuse President Tinubu!.
The All Progressives Congress (APC) in Anambra State has criticized the All Progressives Grand Alliance (APGA), alleging that the ruling state party is misleading President Bola Tinubu into believing they are politically aligned while shutting the APC out of national activities. The accusation was made in an Awka statement released on Monday by state secretary Obi Okpala regarding preparations for First Lady Oluremi Tinubu’s scheduled Thursday visit.....KINDLY READ THE FULL STORY HERE▶
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Exclusion from Visit Arrangements: The APC expressed disappointment that its leadership and women’s structures were neither formally invited nor included in the planning for the First Lady’s empowerment visit, learning of it solely through announcements by Anambra’s First Lady, Dr. Nonye Soludo.
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Hollow Partnership Rhetoric: The party dismissed the narrative of “Progressives Are Working Together” as a mere media stunt used on national television to hoodwink the APC and deceive voters into supporting APGA candidates.
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Accusations of Demarketing: The APC claimed that APGA fails to promote President Tinubu’s achievements locally, arguing that their media communications actually demarket the president and the ruling national party.
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Rejection of the 25 Percent Narrative: Dismissing APGA’s political capability based on their background, the Anambra APC firmly rejected claims regarding a 25 percent vote narrative, maintaining that they are the true structure positioned to deliver votes for the president in the state.
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2027 Campaigns: INEC Warns Politicians Of Jail Term, Fine
Ahead of the 2027 general elections, the Independent National Electoral Commission (INEC) has cautioned political parties and candidates against the use of abusive or inflammatory language, noting that violators face severe fines and potential imprisonment. Speaking via the commission’s media channels, Adedayo Oketola outlined the strict legal provisions governing campaign conduct.....KINDLY READ THE FULL STORY HERE▶
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Legal Prohibitions: Citing the Electoral Act, INEC emphasized that campaigns must steer clear of slanderous slogans, base language, or rhetoric designed to incite religious, ethnic, or regional hostility and violence.
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Intimidation and Fear: The commission warned that threatening physical harm, economic reprisals, or creating an atmosphere of fear to suppress voter turnout constitutes punishable intimidation.
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Statutory Penalties: Offenders face strict financial and custodial consequences, with individual candidates risking a fine of up to ₦5,000,000 or a 12-month jail term upon conviction, while non-compliant political parties face an initial fine of ₦10,000,000 and ₦2,000,000 for subsequent offenses.
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Enforcement and Collaboration: While INEC maintains administrative powers to monitor compliance and issue queries, Oketola stressed the need for a collaborative effort involving security agencies, the media, and community leaders to ensure campaigns remain focused on policy ideas rather than conflict.
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