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Naira Under Pressure As Dollar Nears ₦1,500 At Black Market.
According to Nivo News, the naira continued to face pressure against the United States dollar at the parallel market as trading opened for Sunday, December 28, 2025, with the local currency weakening further amid persistent forex demand.....KINDLY READ THE FULL STORY HERE▶
Market operators at the Lagos parallel market disclosed that the dollar was sold at ₦1,475, while buyers purchased the foreign currency at ₦1,467. These rates reflect ongoing volatility in the informal forex segment, where prices often fluctuate based on demand and supply conditions.
Traders noted that exchange rates in the black market are not fixed and may vary slightly across locations, as transactions are largely driven by negotiations between buyers and sellers.
Meanwhile, official figures showed that the Central Bank of Nigeria’s exchange rate for the dollar remained significantly lower. Data available indicated that the highest official rate stood at ₦1,455, while the lowest rate was ₦1,435.
The apex bank has repeatedly maintained that it does not recognize transactions conducted in the parallel market and has advised individuals and businesses seeking foreign exchange to channel their requests through licensed commercial banks.
Forex analysts observed that the persistent gap between the official and black market rates continues to reflect pressure on the naira, while urging market participants to note that actual buying or selling prices may differ slightly from published figures due to daily market dynamics.
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Kano Assembly Set To Screen Garo As Deputy Governor Nominee On Monday.
The Kano State House of Assembly has scheduled Monday for the screening of Murtala Garo, following his nomination as deputy governor by Governor Abba Yusuf.....KINDLY READ THE FULL STORY HERE▶
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Lai Mohammed Reveals How Opposition Crushed PDP In 2015 Election Shock.
Former Minister of Information and Culture, Lai Mohammed, has explained how Nigeria’s opposition successfully unseated the ruling party in the 2015 general elections.....KINDLY READ THE FULL STORY HERE▶
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“This Is Not Political” — Ningi Raises Alarm Over Escalating Insecurity Crisis.
Senator Abdul Ningi, who represents Bauchi State, has called for the suspension of political activities in states experiencing intensified terrorist attacks, citing worsening insecurity across the country.....KINDLY READ THE FULL STORY HERE▶
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