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Economic Alarm: Dollar Exchange Rate Lingers Near 1,370 As Nigerians Brace For Further Inflation!.

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If you are looking to exchange currency via the parallel (black) market, here are the current rates reported by Bureau De Change (BDC) sources in Lagos as of Thursday, May 28, 2026:....KINDLY READ THE FULL STORY HERE▶

Transaction Type Rate (NGN)
Buying Rate ₦1385
Selling Rate ₦1393

Comparison with Official CBN Rates

For context, the official exchange rates provided by the Central Bank of Nigeria (CBN) for the same period are as follows:

  • Official CBN Range: ₦1374 – ₦1376

Important Considerations

  • Market Variability: Please be aware that exchange rates in the parallel market fluctuate frequently. The rates you encounter at the point of transaction may differ from those listed above depending on your specific location and the individual operator.

  • Regulatory Notice: The Central Bank of Nigeria (CBN) does not officially recognize or endorse the parallel market. For authorized foreign exchange transactions, the CBN advises individuals to conduct business through their registered commercial banks.

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Age Is Just A Number: Atiku Breaks Silence On Claims He Can’t Connect With The Digital Generation!.

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Former Vice President Atiku Abubakar has addressed criticisms regarding his age and its potential impact on his ability to engage with Nigeria’s youth population ahead of the 2027 presidential election. Following his selection as the presidential candidate for the African Democratic Congress (ADC), Atiku participated in an interview with Arise News on Thursday, where he countered concerns that he might be out of touch with younger voters.....KINDLY READ THE FULL STORY HERE▶

  • Atiku dismissed the suggestion that his age creates a disconnect, emphasizing that he maintains a strong bond with young Nigerians whom he views as his own children.

  • He stated that his commitment to running in the upcoming election is driven by his dedication to the future of the nation’s youth.

  • The former Vice President asserted that he is deeply aware of the challenges currently facing young people and remains convinced that he has a significant role to play in shaping Nigeria’s future.

  • Separately, following his victory as the ADC flagbearer, Atiku took to to express that his emergence is not yet a cause for celebration.

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Gwarzo Emerges Kano NDC Governorship Candidate As Gawuna Accepts Senatorial Ticket.

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Former Kano State Deputy Governor, Aminu Abdussalam Gwarzo, has been named the governorship candidate for the Nigeria Democratic Congress (NDC). This political shift follows a strategic internal agreement in which another prominent contender, Nasiru Gawuna, agreed to accept the party’s Kano Central senatorial ticket.....KINDLY READ THE FULL STORY HERE▶

According to a statement from Rabiu Musa Kwankwaso, these adjustments were guided by principles of loyalty, competence, fairness, and equity, with the primary goal of bolstering unity within the party and the Kwankwasiyya movement. Although Gawuna initially declined the offer for the Senate, he chose to accept it following extensive consultations with stakeholders and political allies, which ultimately facilitated Gwarzo’s path to the governorship nomination. Party insiders indicated that this realignment is a deliberate effort to solidify the NDC’s organizational structure in Kano and prevent internal friction as the election approaches.

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Tinubu’s 3rd Anniversary Ultimatum: “My Reforms Are Hard, But They Are The Only Way Forward!”.

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To mark the third anniversary of his administration on May 29, 2026, President Bola Ahmed Tinubu delivered an address to the nation, reflecting on the challenging yet necessary reforms initiated since he took office on May 29, 2023.....KINDLY READ THE FULL STORY HERE▶

President Tinubu acknowledged the significant sacrifices Nigerians have endured due to his administration’s economic policies. He emphasized that the difficult decisions taken to remove fuel subsidies and stabilize exchange rates were essential to rescue the nation from fiscal collapse. According to the President, these actions shifted the country away from a path of ruin toward sustainable long-term recovery.

Key Highlights of Progress

The President outlined several areas where he claims his administration has achieved measurable success:

  • Economic Growth: Highlighting a bolstered stock market—with the All Share Index climbing from 53,000 in 2023 to 250,000 in 2026—and increased investor confidence.

  • Infrastructure: Significant progress on over 2,700 kilometers of road projects, including the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Super Highway.

  • Energy Sector: Efforts to boost gas utilization and local refining capacity to reduce reliance on imports, alongside initiatives to clear debts and upgrade the national power grid.

  • Education and Social Welfare: The disbursement of over ₦282 billion via the Nigerian Education Loan Fund to support more than 1.5 million students, alongside the development of thousands of social housing units through the “Renewed Hope” program.

  • Security: Continued efforts by security agencies to neutralize criminal elements, with the President asserting that many regions are becoming safer and more stable.

A Vision for the Future

President Tinubu concluded his address by urging Nigerians to maintain their faith in the country’s potential. While acknowledging that the work of national renewal is ongoing, he called for unity, discipline, and a collective commitment to building a more prosperous and inclusive Nigeria. He underscored his administration’s ongoing focus on reducing the cost of living—specifically through lower food prices and the adoption of CNG and electric transport—as the nation continues its journey toward economic stability.

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