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Dollar Surges Again As Naira Trades Near ₦1,500 At Black Market.

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According to Nivo News, the naira continued to trade weakly against the United States dollar at the parallel market on Monday, December 22, 2025, as demand for foreign exchange remained high.....KINDLY READ THE FULL STORY HERE▶

Checks from currency traders at the Lagos parallel market indicate that the dollar was sold at ₦1,485, while buyers purchased the greenback at ₦1,476. This reflects the prevailing rates used by Bureau De Change operators across major commercial hubs.

Nivo News reports that the Central Bank of Nigeria maintains its stance against the use of the parallel market for foreign exchange transactions, stressing that it does not officially recognize black market rates. The apex bank has repeatedly advised individuals and businesses seeking forex to channel their transactions through licensed banks.

At the official window, the dollar exchanged within a regulated band, with the highest rate recorded at ₦1,466 and the lowest at ₦1,431, highlighting the persistent gap between official and parallel market prices.

Market watchers note that exchange rates may vary slightly across locations, as prices are influenced by demand, supply, and negotiation between buyers and sellers.


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From Terror To Freedom: 951 Hostages Rescued As Troops Decimate 662 Enemy Fighters!.

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The Defence Headquarters (DHQ) has introduced a new toll-free emergency hotline, 193, designed to empower Nigerians to report security threats directly to the authorities. The announcement was made by the Director of Defence Media Operations, Maj Gen Michael Onoja, during an Abuja press briefing on Wednesday, where he detailed the military’s performance for June and the second quarter of 2026.....KINDLY READ THE FULL STORY HERE▶

Call to Public Action

Maj Gen Onoja emphasized the critical role of public cooperation in counter-insurgency efforts, urging citizens to share reliable information with the nearest military units or via the 193 hotline. He provided strong assurances that all reports submitted through these channels will be handled with strict confidentiality.

Q2 2026 Operational Highlights (April – June)

The military reported significant successes in its campaign against insurgency and criminal activity throughout the second quarter:

  • Neutralizations: 662 terrorists and criminals were neutralized.

  • Arrests: 1,084 suspects were taken into custody.

  • Rescue Operations: 951 kidnapped civilians were successfully liberated.

  • Surrenders: 39 insurgents laid down their arms.

  • Logistics & Arms: Troops recovered 328 weapons, 12,590 rounds of ammunition, and dismantled 12 illegal refining sites while seizing over 464,268 litres of stolen petroleum products.

June 2026 Performance Snapshot

For the month of June specifically, the military’s efforts included:

  • Neutralizing 129 terrorists and criminals.

  • Arresting 486 suspects.

  • Rescuing 542 kidnapped individuals.

  • Securing the surrender of 11 insurgents and recovering 130 firearms along with 5,538 rounds of ammunition.

Strategic Accomplishments

The briefing also highlighted specific tactical achievements, including the apprehension of suspected terrorist informants across Niger, Kwara, Kogi, and Oyo states, as well as the successful repelling of attacks in Borno and Adamawa. Maj Gen Onoja concluded that these results serve as clear evidence of the military’s consistent professionalism and steadfast commitment to operational excellence across all theaters of conflict.

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Your Money Is Safe! NDIC Begins Multi-Billion Naira Refund Following Nationwide Bank Closures!

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The Nigeria Deposit Insurance Corporation (NDIC) has initiated the process of taking over the operations and assets of 46 microfinance banks after the Central Bank of Nigeria (CBN) withdrew their operating licenses. The revocation follows the banks’ failure to satisfy the regulatory requirements necessary to maintain their standing within Nigeria’s banking sector.....KINDLY READ THE FULL STORY HERE▶

In a statement released on Wednesday by Hawwau Gambo, the Head of Communication and Public Affairs, the NDIC issued a strict warning to the public to cease all banking transactions with these institutions, as they are no longer authorized to operate. Furthermore, the corporation cautioned against any interference with the banks’ records, assets, or property, noting that such actions are illegal and could result in prosecution.

Liquidation Process and Depositor Protection

Appointed as the official liquidator under the Banks and Other Financial Institutions Act 2020 and the NDIC Act 2023, the corporation is now managing the closure of these institutions. Key aspects of this process include:

  • Asset Management: The NDIC has begun taking possession of the failed banks to settle their affairs.

  • Verification: Efforts are currently underway to verify depositor claims to facilitate the payment of insured deposits.

  • Transparency: The agency has committed to providing regular updates to depositors regarding the liquidation process and any subsequent necessary steps.

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Sowore Takes On The Establishment: A Promise To Abolish JAMB And End NYSC Service!.

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Omoyele Sowore, the 2027 presidential candidate for the African Action Congress (AAC), has outlined a platform focused on major structural reforms to key Nigerian institutions.....KINDLY READ THE FULL STORY HERE▶

Sowore has pledged to implement the following changes if elected President:

  • Abolition of JAMB: He intends to dissolve the Joint Admission and Matriculation Board, arguing that university admissions should be handled directly by the institutions through a transparent, merit-based process rather than through additional bureaucratic layers.

  • Replacing NYSC: The current National Youth Service Corps (NYSC) would be scrapped in favor of a two-year, voluntary “National Job Corps”. This new program is intended to provide participants with practical skills, entrepreneurship support, and clear pathways to permanent employment.

  • Focus on Youth Opportunities: Sowore emphasized that instead of compulsory schemes, young Nigerians require genuine job opportunities and the autonomy to determine their own futures.

Allegations Regarding Kuje Correctional Centre

Following his recent release from detention, Sowore also highlighted concerns regarding the conditions at the Kuje Correctional Centre in Abuja.

  • Overcrowding and Health Concerns: Sowore alleged that the facility is severely overcrowded, housing over 1,158 inmates, including 37 individuals currently receiving treatment for tuberculosis.

  • Legal Context: Sowore had been remanded at the facility by Justice Muhammed Umar of the Federal High Court in Abuja following a case linked to comments he made regarding President Bola Tinubu.

  • Criticism of State Institutions: After being granted bail on Tuesday, July 30, 2027, Sowore condemned the alleged use of government institutions to intimidate critics and suppress political dissent.

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