Connect with us

latest

Forex Update: Naira Remains Resilient Amidst Shifting Global Economic Currents.

Published

on

Are you looking for the latest parallel market (black market) exchange rates? As of Friday, June 19, 2026, here is the current standing for the Dollar to Naira (USD/NGN) exchange:....KINDLY READ THE FULL STORY HERE▶

Parallel Market (Aboki FX) Rates According to Bureau De Change (BDC) sources, the rates at the Lagos parallel market are as follows:

  • Selling Rate: ₦1,406

  • Buying Rate: ₦1,396

Central Bank of Nigeria (CBN) Official Rates For comparison, the official CBN rates for the same period are:

  • Highest Rate: ₦1,374

  • Lowest Rate: ₦1,365

Important Market Advisory Please be advised that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The regulatory body continues to direct individuals seeking foreign exchange to conduct all transactions through authorized commercial banking channels.

Note: The rates listed above are indicative and may vary significantly depending on your specific location and the individual forex provider.

Would you like me to prepare a summary on the broader economic factors that may have influenced these specific rate movements?

Advertisement

latest

HANDCUFFS WAITING! Minister Umahi Explodes In Rage And Demands Immediate Arrests Of Contractors.

Published

on

  • Orders for Arrest: Minister of Works David Umahi has ordered the arrest of any contractors or concessionaires caught unauthorizedly stripping asphalt from federal roads.....KINDLY READ THE FULL STORY HERE▶

    • Inspection and Apology: During a Tuesday inspection tour in Edo State alongside Governor Monday Okpebholo, Umahi apologized for the terrible state of the Benin-Sapele Road and thanked local youths for remaining calm.

    • Lack of Competence: Umahi slammed the concessionaire for lacking the technical capacity and integrity needed for the project, noting that stripping asphalt without permission amounts to destroying public infrastructure.

    • Presidential Directive: Emphasizing that President Bola Tinubu is fully aware of commuters’ suffering, Umahi assured that all necessary steps are being taken to restore the highways and ease public hardship.

Continue Reading

latest

NO PLACE TO HIDE: Inside NDLEA’s Ruthless New Strategy To Eradicate Drug Wealth Once And For All!.

Published

on

  • Stripping Drug Wealth: Speaking at the 43rd Cambridge International Symposium on Economic Crime, NDLEA Chairman Brig. Gen. Mohamed Buba Marwa (Rtd) emphasized that defeating drug cartels requires aggressively stripping them of their ill-gotten wealth rather than relying on arrests alone.....KINDLY READ THE FULL STORY HERE▶

    • The Philosophy of Seizure: Marwa explained that imprisoning a trafficker without seizing their fortune leaves the criminal enterprise’s roots intact, allowing them to fund future operations.

    • Key Asset Recovery Strategies: Backed by Nigerian legislation like the Proceeds of Crime Act 2022, the NDLEA has deployed tactics such as non-conviction-based forfeiture (notably selling a fugitive’s Hook Hotel for $4.2 million), embedding investigators with prosecutors from case inception, and freezing over $7 million in bank accounts alongside multibillion-naira assets last month.

    • High-Profile Actions: He highlighted the international case of suspected drug baron Amadi Simon—apprehended via a joint operation involving the NDLEA, U.S. DEA, and European authorities—where three connected hotels were placed under professional asset managers to preserve their market value.

    • Institutional Framework & Challenges: These financial disruption tactics are now permanently embedded in Nigeria’s National Drug Control Master Plan (2026–2030), though Marwa noted ongoing challenges like delays in mutual legal assistance and called for faster international cross-border cooperation.

Continue Reading

latest

POLITICAL EARTHQUAKE: APC Demands Immediate Arrest And Prosecution Of Top Party Chieftain In Ogun!.

Published

on

  • APC Petition to Security Agencies: The ruling All Progressives Congress (APC) has petitioned the Nigeria Police Force and the DSS to immediately investigate, arrest, and prosecute suspended party member Abayomi Hunye for alleged impersonation and conduct likely to cause a breach of peace.....KINDLY READ THE FULL STORY HERE▶

    • False Candidacy Claims: Signed by Director of Administration Ayoola Olajolo and dated August 24, 2026, the petition accuses Hunye—a former governorship hopeful—of falsely parading himself on social and print media as the party’s candidate for the January 2027 election.

    • Background on Suspension: Hunye was previously suspended from the party on April 7, 2026, following actions ratified by the Ogun State Working Committee due to alleged anti-party activities and conduct harmful to the party’s image.

    • Recognized Ticket: The APC clarified that it held a valid primary election, confirming that Solomon Adeola and Kudirat Balogun are the party’s official candidates for governor and deputy governor in Ogun State.

    • Calls for Prosecution: The party is urging law enforcement to interrogate Hunye and prosecute him for violating the 2026 Electoral Act and other relevant laws.

Continue Reading

Trending