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Dollar Trades at ₦1,485 as Naira Remains Under Pressure.

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According to Nivo News, the exchange rate between the United States dollar and the Nigerian naira at the parallel market, commonly known as the black market or Aboki FX, remains elevated as of Monday, January 6, 2026. Information obtained from currency traders in Lagos indicates that the dollar is currently being sold at ₦1,485, while buyers are purchasing at ₦1,479.....KINDLY READ THE FULL STORY HERE▶

Market operators explained that these rates reflect prevailing demand and supply dynamics within the informal foreign exchange market, where prices often fluctuate across locations and dealers. Individuals seeking to exchange dollars for naira at the parallel market are advised that rates may vary slightly depending on negotiation and location.

Meanwhile, the Central Bank of Nigeria (CBN) has reiterated that it does not recognise transactions conducted at the black market and continues to caution Nigerians against patronising the parallel forex market. The apex bank has consistently advised individuals and businesses to channel their foreign exchange transactions through authorised commercial banks.

At the official market, data from the CBN shows that the dollar traded within a regulated band, with the highest exchange rate recorded at ₦1,433 and the lowest at ₦1,424. Analysts note that the persistent gap between the official and parallel market rates continues to highlight pressures within Nigeria’s foreign exchange system.

Currency observers also caution that exchange rates are subject to frequent changes, stressing that the actual prices at which forex is bought or sold may differ from published figures due to market volatility and dealer pricing.


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Pay Up Or Lose Out! Tinubu Issues Stark Warning To Nigerians On Taxes.

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  • Infrastructure as a Priority: President Bola Tinubu, represented by Senate President Godswill Akpabio, emphasized that infrastructure is the essential foundation of his administration’s goal of fostering national prosperity.....KINDLY READ THE FULL STORY HERE▶

    • Significance of the New Interchange: During the commissioning of the Arterial Road N16–Ring Road III Intersection connecting Jahi and Gwarimpa, the President described the project as a move toward “freedom of movement” that eliminates chronic traffic gridlock and saves time, fuel, and economic resources.

    • Broad Benefits: The President noted that this connection will improve security by removing the congestion that previously hindered movement, while also helping workers return home faster.

    • Renewed Hope Agenda: Framing roads as the “arteries of a nation,” the President explained that his administration’s agenda focuses on building critical infrastructure to unlock economic potential and allow Nigerians to thrive.

    • National Outlook: Asserting that Nigeria is “not beyond redemption,” the President pointed to the successful completion of the Jahi-Gwarimpa interchange as evidence that focused leadership and political will can deliver results.

    • Call for Tax Compliance: Finally, the President urged all Nigerians and FCT residents to diligently pay their taxes and levies, noting that these contributions are vital for the government to undertake further development projects.

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INEC Takes Action: Staff Members Involved In Emeka Ike’s Voter Data Leak Suspended.

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  • Staff Suspension: INEC has suspended an electoral officer suspected of being involved in the unauthorized release of voter information.....KINDLY READ THE FULL STORY HERE▶

    • Context of the Breach: The issue emerged after voter registration details for actor and politician Emeka Ike were circulated publicly during a dispute related to a political party primary in the Federal Capital Territory.

    • Infrastructure Integrity: Preliminary investigations conducted by the commission concluded that there was no hack of its ICT infrastructure, nor was there a broader breach of the national voter register.

    • Method of Access: The data was reportedly accessed through authorized credentials held by a staff member participating in the Continuous Voter Registration process.

    • Status of Investigations: INEC confirmed that the involved officer was immediately suspended and removed from their duties pending the conclusion of further investigations.

    • Collaboration with Authorities: INEC has finished its internal probe and referred the case to the police, the Department of State Services (DSS), and data protection regulators.

    • Limited Impact: The commission emphasized that the incident was isolated to a single voter record and did not compromise the data of its more than 90 million registered voters.

    • Commitment to Security: Moving forward, INEC intends to enhance its data protection protocols and collaborate with security agencies, civil society organizations, and regulators to ensure the safety of citizens’ personal information.

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Deregistration Drama: Courtroom Showdown Over ADC And Accord Party Hits A New Delay!.

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  • Case Adjournment: The Court of Appeal in Abuja has postponed the hearing of an appeal regarding the potential deregistration of the African Democratic Congress (ADC), Accord Party, and three other political parties until July 7.....KINDLY READ THE FULL STORY HERE▶

    • Procedural Delay: The court moved the hearing date from June 25 to allow the involved parties sufficient time to file and exchange their briefs of argument.

    • Reasoning for New Date: Although Accord Party counsel, Musibau Adetunbi (SAN), requested a three-day window to file, Justice Abubakar Mohammed explained that the panel’s upcoming official commitments necessitated selecting July 7 as the earliest available date.

    • Background of the Dispute: The appeal follows a Federal High Court ruling by Justice Peter Lifu, which ordered the Independent National Electoral Commission (INEC) to deregister the ADC, Accord Party, Action Peoples Party (APP), Action Alliance (AA), and Zenith Labour Party (ZLP) for allegedly failing to meet constitutional performance benchmarks.

    • INEC’s Position: INEC has challenged this deregistration order, arguing that these parties met the necessary constitutional thresholds by securing elective positions in previous elections and providing certificates of return as evidence.

    • Stay of Execution: On June 16, the Court of Appeal previously ordered a stay of execution on the Federal High Court’s judgment, preventing INEC from proceeding with the deregistration until the current appeal is decided.

    • Procedural Criticism: The appellate court had previously criticized Justice Lifu for ignoring an earlier order to suspend proceedings, noting that such an action undermined the established hierarchy of the courts.

    • Origin of the Suit: The original legal challenge was filed by the National Forum of Former Legislators, who argued that these specific parties failed to meet the electoral performance standards required by the 1999 Constitution and the 2022 Electoral Act.

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