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Naira Under Pressure As Dollar Sells For ₦1,495 In Black Market.

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According to Nivo News, the naira continued to fluctuate against the US dollar in the parallel market on Tuesday, October 28, 2025. Reports from traders at the Lagos black market, also known as the Aboki FX market, revealed that the dollar was sold at ₦1,495 and bought at ₦1,480.....KINDLY READ THE FULL STORY HERE▶

While the black market rate remains significantly higher than the official rate, the Central Bank of Nigeria (CBN) has reiterated that it does not recognize transactions conducted in the parallel market. The apex bank continues to urge individuals and businesses seeking foreign exchange to make use of official channels through their respective financial institutions.

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At the official CBN window, the dollar traded between ₦1,445 and ₦1,456 on Tuesday. However, rates vary across different banks and forex platforms, depending on market demand and liquidity.

Market analysts noted that persistent dollar scarcity and increasing demand for foreign exchange among importers are key factors contributing to the ongoing pressure on the naira.

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Below is the summary of today’s exchange rates:

  • Black Market Rate: ₦1,495 (selling) | ₦1,480 (buying)

  • CBN Rate: ₦1,456 (highest) | ₦1,445 (lowest)

According to Nivo News, forex traders have advised individuals to confirm prevailing rates before making transactions, as market prices are subject to rapid changes driven by market forces and government policies.


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Tension In UK As Nigerians Push For INEC Chairman’s Removal Ahead Of 2027.

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A group of Nigerians has staged a protest at the United Kingdom Parliament, calling for the removal of the Chairman of the Independent National Electoral Commission (INEC) ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

The demonstrators reportedly gathered outside the parliamentary complex, expressing dissatisfaction with the leadership of the electoral body in Nigeria and demanding immediate action.

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They insisted that the INEC chairman should be removed, alleging concerns over credibility and trust in the electoral process as the country prepares for the next election cycle.

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The protest drew attention from passersby and security personnel, as the group maintained their position that electoral reforms and leadership changes were necessary to restore public confidence.

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“My Nightclubs Are The Least Of What I Do” — Sir Uyi Fires Back At Critics.

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Sir Uyi has responded strongly to critics of his involvement in nightclub businesses, insisting that such ventures represent only a small part of his wider activities.....KINDLY READ THE FULL STORY HERE▶

In a firm reaction to recent criticism linked to Vaniti, he stated that people are focusing too much on his nightlife businesses while ignoring other aspects of his work and achievements.

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He stressed that his nightclub operations do not define his entire identity or professional portfolio, adding that he is involved in several other ventures beyond entertainment and hospitality.

According to him, the criticism reflects a narrow perception of what he does, and he believes his broader contributions are being overlooked.

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Sir Uyi maintained that he remains focused on his various commitments despite public scrutiny surrounding his nightlife business interests.

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Shock In Benue As Police Nab Seven Over Abduction Of JAMB Candidates.

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The Benue State Police Command has confirmed the arrest of seven suspected militia herdsmen in connection with the abduction of passengers travelling in an 18-seater Benue Links bus along the Makurdi–Otukpo road last Wednesday.....KINDLY READ THE FULL STORY HERE▶

The victims, which included candidates of the Joint Admissions and Matriculation Board (JAMB) heading to Otukpo for their examinations, have all been successfully rescued.

Speaking while briefing Governor Hyacinth Alia in Makurdi during the presentation of the freed victims, the Commissioner of Police, Ifeanyi Emenari, said the rescue operation was achieved through coordinated efforts of multiple security agencies.

He explained that five of the abducted passengers were first released, while the remaining 13 were rescued on Sunday morning without injuries.

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According to him, the combined pressure from security forces, supported by the state government and the Inspector-General of Police, led to the successful outcome of the operation.

Emenari further disclosed that eight suspects are currently in custody, adding that seven of them are strongly linked to the kidnapping incident, with some victims already identifying them.

He also noted that clearance operations have begun across forest areas in the state to flush out criminal groups, in line with directives from security authorities.

Governor Hyacinth Alia, while receiving the rescued passengers, expressed concern over rising cases of kidnapping in the state but welcomed the safe return of all 18 victims.

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He confirmed that among those rescued were eight candidates on their way to write examinations, and called on the Joint Admissions and Matriculation Board (JAMB) to reschedule the affected exams for them.

The governor assured that the state government remains committed to supporting the victims and strengthening security across Benue State, while also urging residents to provide credible information to security agencies.

He further directed the state health authorities to conduct medical evaluations for all rescued persons and promised government support for those affected.

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