Are you looking for the current black market (parallel market/Aboki FX) exchange rate? Below are the details for July 2, 2026, which you can use as a reference for your transactions.....KINDLY READ THE FULL STORY HERE▶

Parallel Market (Black Market) Rates

According to Bureau De Change (BDC) sources, the rates at the Lagos parallel market on Thursday, July 2, 2026, were as follows:

• Selling Rate: ₦1,408 per dollar.

• Buying Rate: ₦1,396 per dollar.

Central Bank of Nigeria (CBN) Official Rates

For official comparisons, the CBN reported the following ranges for the same day:

• Highest Rate: ₦1,373

• Lowest Rate: ₦1,360

Important Disclaimer: Please be aware that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The CBN advises all individuals seeking foreign exchange to conduct transactions through authorized commercial banks. Additionally, please note that actual market rates can fluctuate and may vary from the figures provided here depending on your specific location and transaction source.

• Legal Defense: Adeniyi Adeyemi, who identifies as the Director-General of the PFIPC, has denied accusations of forgery and impersonation. He stated he is prepared to defend himself in a court of competent jurisdiction to clear his name.....KINDLY READ THE FULL STORY HERE▶

• • Government Stance: The Presidency has labeled the PFIPC a “fictitious” organization, with spokesperson Bayo Onanuga describing Adeyemi as a “con artist” who used forged documents to impersonate a government official. Police investigations have reportedly led to an eight-count charge of forgery, impersonation, and fraud filed against Adeyemi and two associates at the Federal High Court in Abuja.

  • Adeyemi’s Allegations: Adeyemi denies all wrongdoing and claims his legal troubles stem from a dispute with the Chief of Staff, Femi Gbajabiamila. He alleged that the disagreement began after he refused a request from the Chief of Staff for a 48 per cent share of the agency’s ₦27.39 billion take-off grant. He further claimed that ₦400 million was collected by proxy and demanded an independent investigation by President Bola Tinubu.

  • Budgetary Discrepancies: The controversy is compounded by the appearance of the organization in the 2026 Appropriation Bill, which listed an allocation of ₦1.303 billion for the entity.

  • Procedural Details: While the Presidency maintains that the agency does not exist and alleges that Adeyemi attempted to use fraudulent documents to open bank accounts, they noted that no government funds were successfully transferred into those accounts. The case is scheduled to proceed in the Federal High Court in Abuja on July 27.

The Federal Ministry of Environment’s National Flood Early Warning Centre has issued an urgent advisory warning residents in over 30 states and the FCT of potential flooding due to heavy rainfall forecasted between June 22 and July 5, 2026. Signed by Director Usman Abdullahi Bokani, the advisory calls on state governments, emergency agencies, and citizens to immediately implement contingency plans to mitigate potential disaster.....KINDLY READ THE FULL STORY HERE▶

• Affected States: Abia, Adamawa, Akwa Ibom, Anambra, Bayelsa, Benue, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Imo, Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Taraba, and the FCT.

• Major Cities: High-risk urban centers include Aba, Umuahia, Awka, Onitsha, Yenagoa, Makurdi, Asaba, Benin City, Lokoja, Ilorin, Lagos, Ibadan, Port Harcourt, Jos, Jalingo, and Abuja, among others.

• Special High-Risk Category: Adamawa State, specifically areas like Yola North, Yola South, Numan, Mubi, Song, Shelleng, Karewa, Jambutu, Ngurore, Ribadu, Yolde Pate, and Wuro Hausa, is under special alert for severe flooding.

• Lagos Vulnerability: Targeted areas include Agege, Alimosho, Apapa, Badagry, Epe, Eti-Osa, Ikeja, Ikorodu, Kosofe, Lagos Island, Lekki, Ojo, and Surulere.

Recommended Safety Measures

The ministry highlighted that riverine settlements, coastal areas, floodplains, and urban centers with inadequate drainage are at the highest risk for waterlogging and overflowing waterways.

• For “Critical” Areas: Residents are urged to monitor water levels closely, establish clear evacuation routes, safeguard vulnerable individuals, and strictly avoid commercial activities or living near flood-prone channels.

• For “High Risk” Areas: Citizens are advised to clear blocked culverts and drains, maintain constant vigilance over nearby streams, and enhance community-based reporting systems for rising water levels.

The Federal Government has emphasized the need for intensified public awareness and proactive, localized emergency responses to minimize the impact of this predicted weather event.