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BEYOND THE NUMBERS: Why The Dollar’s Latest Move Is Sending Shockwaves Through The Economy.

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As of Wednesday, June 24, 2026, the parallel market—often referred to as the “black market”—reported the dollar trading at a selling rate of ₦1400 and a buying rate of ₦1385, according to Bureau De Change (BDC) sources. For comparison, the Central Bank of Nigeria (CBN) reported rates ranging between a low of ₦1368 and a high of ₦1392. It is important to note that the CBN does not officially recognize parallel market transactions and advises individuals to conduct all foreign exchange business through authorized commercial banks. Please be aware that actual market rates can fluctuate and may differ from those listed here.....KINDLY READ THE FULL STORY HERE▶

On June 24, 2026, the black market dollar-to-naira exchange rate stood at ₦1385 for buying and ₦1400 for selling. Conversely, the official CBN rates for the same day ranged from ₦1368 to ₦1392. While the CBN maintains that all forex operations should be handled via banks, market prices remain subject to change and may vary depending on the specific location or dealer.

Option 3: Formal and Policy-Focused Market data for June 24, 2026, indicates that the dollar exchanged for ₦1385 (buying) and ₦1400 (selling) within the parallel market. During this same period, official CBN data reflected rates between ₦1368 and ₦1392. The Central Bank of Nigeria continues to emphasize that it does not recognize the parallel market, recommending that all foreign exchange activities be processed through licensed financial institutions. As market conditions are volatile, readers should expect potential variations in the rates offered by individual dealers.

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Wike’s Explosive Message To PDP: Get Ready To Fight For Power Or Perish In 2027!.

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FCT Minister Nyesom Wike has urged the Peoples Democratic Party (PDP) to abandon the hope of winning the 2027 election through luck, stressing that political success requires proactive effort. Speaking at the party’s 109th National Executive Committee meeting, Wike emphasized that political power is never granted, but must be earned through intense struggle, sacrifice, and organizational strength.....KINDLY READ THE FULL STORY HERE▶

  • A Call to Action: Wike encouraged party members to push past fear, legal obstacles, and intimidation, noting that true political gains are forged through overcoming adversity.

  • Defining Strategy: He asserted that power is “taken” through struggle, urging the party not to be intimidated by the political landscape or judicial processes.

  • Resilience Over Legal Challenges: Despite ongoing internal party disputes and court cases, Wike insisted that the PDP is prepared for the election and remains unfazed by legal hurdles, famously stating that “courts are for real people, not for ghosts”.

  • The Need for a Mindset Shift: Addressing members accustomed to the benefits of the PDP’s long-standing dominance, Wike likened them to “spoiled children” who are now struggling because the party is out of power. He emphasized that reclaiming political relevance requires a fundamental change in perspective and a more resilient approach.

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Caught Red-Handed! Viral Video Shows Police Officer Swigging Hennessy Mid-Checkpoint.

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A viral video capturing a police officer drinking Hennessy while conducting a stop-and-check operation has sparked significant attention. In the footage, the officer is observed consuming alcohol from a bottle while engaging with people in a stationary vehicle, seemingly soliciting a financial transaction.....KINDLY READ THE FULL STORY HERE▶

This behavior is a direct violation of the Nigeria Police Act, 2021. Specifically, Section 100(1) of the Act prohibits officers from consuming intoxicating liquor, psychotropic substances, or stimulants while on duty, stipulating that any officer who does so must face disciplinary action.

In response to the incident, the Nigeria Police Force (NPF) has taken the following steps:

  • The NPF leadership is aware of the video, which allegedly shows the officer drinking and soliciting financial gratification.

  • Aliyu Giwa, the NPF new media officer, stated that the force is currently working to identify the officer involved, verify the location, and determine the exact circumstances of the event.

  • The Force has assured the public that it will take appropriate disciplinary measures based on the findings of its inquiry.

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75-Year Jail Term Not Enough? Court To Rule On Seizure Of Mamman’s Luxury Abuja And Kaduna Estates.

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The Federal High Court in Abuja has scheduled July 2 for its ruling on an Economic and Financial Crimes Commission (EFCC) application for the final forfeiture of five properties tied to former Minister of Power, Saleh Mamman. Justice James Omotosho set this date following arguments from both the prosecution and the defense.....KINDLY READ THE FULL STORY HERE▶

    • Background: Mamman, who was convicted and sentenced to 75 years in prison in May 2026 for laundering public funds, is the subject of this additional forfeiture request.

    • The Properties: The EFCC seeks to seize the Walijam Apartments and A.U.A Plaza in Wuse 2, Abuja; two mansions located on Misratah Street, Wuse 2, Abuja; and Bloom Luxury Suites Nigeria Limited in Unguwan Rimi, Kaduna State.

    • Legal Arguments: EFCC counsel Abbas Muhammed argued that the court retains the authority to grant this consequential order, noting that despite prior forfeiture orders, only a small fraction of the 22 billion naira siphoned by the former minister has been recovered. Conversely, defense lawyer Femi Atteh (SAN) challenged the court’s jurisdiction, arguing that the court is functus officio following the criminal judgment and that some properties involve third parties who were not part of the original trial.

    • Apology: During the proceedings, Atteh apologized to the court and successfully withdrew a previous affidavit filed by a member of his chambers that had characterized the judge’s sentencing judgment as an “emotional outburst”.

    • Status of the Convict: Following his conviction, Mamman—who had initially evaded court appearances—was arrested by the EFCC on May 19, 2026, and is currently serving his sentence at the Kuje Custodial Centre.

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