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Dollar Vs Naira Today (Jan 17, 2026) — Latest Rate

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Wondering how much a dollar is worth in the black market today? Here’s the latest update for Friday, January 16, 2025. These rates reflect what you can expect when swapping dollars for Naira at Lagos’ parallel market (Aboki FX).....KINDLY READ THE FULL STORY HERE▶

Black Market (Parallel Market) Rates:

  • Selling Rate: ₦1,500 per $1

  • Buying Rate: ₦1,480 per $1

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Sources from local Bureau De Change (BDC) operators confirmed these figures.

Important: The Central Bank of Nigeria (CBN) does not recognize the parallel market. Anyone looking to trade Forex is advised to use official banking channels.

CBN Official Dollar to Naira Rates (Today):

  • Highest Rate: ₦1,420

  • Lowest Rate: ₦1,416

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Note that Forex rates can fluctuate, so the exact amount you receive may vary slightly from the figures above.

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Alleged ₦10 Billion Fraud Trial Of Ali Bello Stalls Over Change Of Defence Counsel.

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The trial of Ali Bello, nephew of former Kogi State Governor Yahaya Adoza Bello, was on Tuesday delayed at the Federal High Court in Abuja after his newly appointed defence counsel sought an adjournment.....KINDLY READ THE FULL STORY HERE▶

At the resumed hearing before Justice James Omotosho, defence counsel, Ahmed Raji (SAN), informed the court that he was only recently briefed on the matter and required time to properly study the case file.

He explained that the prosecution had already been informed of the development and pleaded for an adjournment to allow adequate preparation for the defence.

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The Economic and Financial Crimes Commission (EFCC) is prosecuting Bello, who currently serves as Chief of Staff to Kogi State Governor, Usman Ododo.

He is standing trial alongside Dauda Sulaiman on an amended 16-count charge involving alleged misappropriation and money laundering of about ₦10.27 billion.

However, prosecution counsel, Rotimi Oyedepo (SAN), objected to the adjournment request, arguing that proper legal procedure under the Administration of Criminal Justice Act, 2015, was not followed.

He stated that the previous defence counsel, A.M. Aliyu (SAN), ought to have formally notified the court in advance regarding the change of counsel.

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Despite the objection, Justice Omotosho granted the request in the interest of fair hearing.

The case was subsequently adjourned to May 5 and May 6, 2026, for continuation of the trial.

Bello and his co-defendant are accused of involvement in the alleged diversion of public funds running into billions of naira through questionable financial transactions, a case that has continued to attract public attention due to its political implications.

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Enugu Governor Mbah Storms Aso Rock With Delegation, Meets President Tinubu.

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President Bola Tinubu on Tuesday received a delegation of stakeholders from Enugu State at the State House in Abuja.....KINDLY READ THE FULL STORY HERE▶

The delegation was led by the Governor of Enugu State, Peter Mbah, during a high-level engagement focused on development priorities in the state and the wider South-East region.

During the meeting, President Tinubu assured the stakeholders of continued federal attention to key infrastructure challenges, particularly in transport and power.

Addressing the delegation, he noted that major projects such as the Port Harcourt–Enugu rail line, ongoing power sector reforms, and other critical infrastructure needed for economic growth would receive greater attention from his administration.

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Governor Mbah recently left the Peoples Democratic Party (PDP) to join the All Progressives Congress (APC), a development that has continued to generate political reactions.

Meanwhile, the PDP has reacted to the wave of defections from its ranks to the APC, saying the affected governors and political leaders would soon regret their decisions.

The opposition party made the comment after the APC ruled out automatic tickets for defecting governors.

PDP National Publicity Secretary, Ini Ememobong, accused the defectors of acting out of personal interest rather than the welfare of citizens, adding that their actions were not surprising.

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He further stated that the APC does not truly value its members and described the situation as the beginning of regret for those who left the PDP.

Several governors, including those from Akwa Ibom, Delta, Enugu, Taraba, Rivers, and Kano States, alongside lawmakers and other political figures, have recently moved from the PDP to the APC.

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Atiku Sounds Warning on Alleged Electoral Manipulation Ahead of 2027 Elections.

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Former Vice President Atiku Abubakar has raised concerns over possible election manipulation at collation centres ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

News reports that Atiku made the remarks on Tuesday during a meeting with members of the Coalition for Democracy Movement, led by Jibril Shehu Mustapha, where discussions focused on improving electoral integrity and strengthening nationwide political coordination.

In a post shared on his handle, Atiku emphasised the importance of putting in place strong measures to prevent electoral manipulation.

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He noted that the coalition presented details of its nationwide structure and reaffirmed its support for his political engagements, particularly efforts aimed at protecting votes and ensuring a credible electoral process.

Atiku expressed appreciation for the group’s backing, commending their consistency and assuring them that their sacrifices and contributions would be remembered.

He wrote that he drew attention to increasing concerns about manipulation during elections, especially at collation centres, stressing the need for effective safeguards while thanking the coalition for its continued support.

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He further assured the group that their efforts in defending democracy would not be forgotten and would be recognized in history.

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