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Dollar Climbs To ₦1,485 As Naira Struggles In Parallel Market.
The exchange rate between the United States dollar and the Nigerian naira continued to attract attention on Tuesday, January 7, 2026, as traders monitored movements in both the parallel and official foreign exchange markets.....KINDLY READ THE FULL STORY HERE▶
According to Nivo News, checks at the Lagos parallel market, popularly known as the black market, revealed that the dollar was sold at ₦1,485, while buyers purchased the currency at ₦1,477 as of Tuesday, January 6. Information obtained from operators at Bureau De Change outlets confirmed the prevailing rates across major trading points.
The disparity between buying and selling prices reflects ongoing volatility in the foreign exchange market, driven by demand pressures and limited dollar supply. Market operators noted that rates may vary slightly depending on location and transaction volume.
Meanwhile, the Central Bank of Nigeria maintained a lower official exchange rate range. Data from the apex bank showed that the dollar traded at a high of ₦1,426 and a low of ₦1,414 within the official window. The CBN has consistently reiterated that it does not recognise transactions conducted in the parallel market and has advised individuals and businesses seeking foreign exchange to patronise licensed banks and authorised dealers.
Currency traders cautioned that foreign exchange prices are subject to fluctuations and may differ from reported figures due to market dynamics and negotiation factors at the point of exchange.
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“They Didn’t Even Want To See Me” — Atiku Opens Up On PDP Coalition Snub.
Former Vice President Atiku Abubakar has revealed that his push for an opposition coalition was initially rejected by members of the Peoples Democratic Party (PDP).....KINDLY READ THE FULL STORY HERE▶
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Atiku Opens Up On ADC 2027 Game Plan, Says Consensus Candidate Comes First.
Former Vice President Atiku Abubakar has said the African Democratic Congress (ADC) will first pursue a consensus arrangement before considering a primary election for its 2027 presidential ticket.....KINDLY READ THE FULL STORY HERE▶
Atiku made this known during an interview on Arise Television on Wednesday while discussing the party’s leadership and strategy ahead of the next general election.
He said he is open to backing a consensus candidate if that becomes the party’s collective decision, stressing that such support should not be interpreted as stepping aside.
“It is not about stepping aside, but whether I am willing to support, and yes, I will,” Atiku said.
According to him, the ADC’s first priority is to build internal unity and reach an agreement among stakeholders before considering a competitive primary process.
“Our first option will be to work out a consensus. If that doesn’t happen, then of course we will explore other options. And yes, I will support whoever eventually emerges,” he stated.
Atiku also expressed confidence in the political experience within the party, saying he believes a consensus is achievable and may make a full-scale primary contest unnecessary.
“That remains our preferred path. We will go for primaries if consensus fails, but I honestly do not expect it to get to that stage because we are dealing with mature and experienced politicians,” he added.
His comments come amid growing political consultations and coalition talks as parties begin to position themselves ahead of the 2027 general elections.
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2027: I Stand A Better Chance To Win Presidency Than Anyone Else – Atiku.
Former Vice President Atiku Abubakar has said the opposition coalition under the African Democratic Congress (ADC) has significantly strengthened his chances of winning the 2027 presidential election.....KINDLY READ THE FULL STORY HERE▶
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