Connect with us

latest

NAIRA IN FREEFALL: Dollar Shatters All Records In Terrifying New Exchange Crash!.

Published

on

For individuals tracking foreign exchange movements, currency performance across the parallel and official markets highlights ongoing market dynamics.....KINDLY READ THE FULL STORY HERE▶

At the Lagos parallel market, informal foreign exchange dealers quoted the dollar with buying and selling margins reflecting active street-level demand.

  • Selling Rate: ₦1,420 / $1

  • Buying Rate: ₦1,407 / $1

Disclaimer: The Central Bank of Nigeria (CBN) does not officially recognize parallel market operations and advises individuals to conduct foreign exchange transactions through approved commercial banking channels.

2. Official Market Benchmarks

The official Nigerian Foreign Exchange Market (NFEM) rates recorded stable positioning around the mid-₦1,300 range.

  • Highest Recorded Rate: ₦1,360 / $1

  • Lowest Recorded Rate: ₦1,356 / $1

Note: Actual transaction rates at Bureau De Change (BDC) outlets or financial institutions may fluctuate depending on your location, liquidity, and specific transaction volumes.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

latest

“ADAMAWA POLITICAL EARTHQUAKE: Atiku Shocks ADC By Imposing Hamman Tukur Ribadu As Guber Candidate!”.

Published

on

The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has made a Facebook post that may have prompted chaos in the party’s Adamawa chapter.....KINDLY READ THE FULL STORY HERE▶

The former vice president wrote that he met with ADC candidates from Adamawa State, including what he described as the party’s governorship candidate, “Hamman Tukur Ribadu.”

In the Facebook post, Atiku said: “Earlier today, I met with my fellow 2027 Adamawa State African Democratic Congress candidates across all elective positions, including our governorship candidate, Hamman Tukur Ribadu.

I am pleased to see the party uniting to form a common front. I have encouraged them to maintain these efforts.”

Atiku’s statement has generated chaos within the party, as Ambassador Engineer Omar Suleiman, popularly known as Omarana, has been publicly identified as the party’s governorship candidate.

Recent media reports have also continued to identify Suleiman as the ADC governorship candidate for the 2027 election.

The controversy follows Atiku’s aide, Phrank Shaibu, dismissing claims that his principal was trying to replace Suleiman.

He described allegations that Atiku was involved in any attempt to replace a duly nominated ADC candidate as “entirely false, malicious and the product of mischief-makers.”

Shaibu said Atiku had “neither initiated nor sanctioned any move to replace any duly nominated candidate of the ADC anywhere in Nigeria,” insisting that the former Vice President respected the party’s internal democratic processes.

“We therefore urge our members, supporters and the general public to disregard this baseless propaganda, which is clearly intended to foment unnecessary tension and distract the party from its collective mission,” Shaibu said.

Continue Reading

latest

“BATTLE LINES DRAWN: House Probe Committee Fracture Over Gbajabiamila’s No-Show And Explosive Testimony!”.

Published

on

The investigation of controversial Presidential Foreign Investment Promotion Council (PFIPC) by the House of Representatives ad hoc committee, has been stalled, following a fresh disagreements among members of the committee.....KINDLY READ THE FULL STORY HERE▶

The panel has questioned a number of senior government officials on their involvement in the processes through which the purported agency appeared to gain official recognition.

Those quizzed include the Head of the Civil Service of the Federation, Didi Walson-Jack; the Central Bank of Nigeria’s (CBN) Director of Banking Services, Hamisu Abdullahi; the Director-General of the Budget Office of the Federation, Tanimu Yakubu; and Joshua Luka, Head of the Federal Projects Financial Management Department in the Office of the Accountant-General of the Federation.

The officials told the committee they had relied on information and documents supplied by Adeniyi Adeyemi, who presented himself as the agency’s Director-General.

Adeyemi had earlier claimed he paid ₦400 million to the Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, through a proxy, to secure his appointment as Director-General of the outfit, he, however, noted that he never met Gbajabiamila in person.

The Presidency and the Chief of Staff’s office have rejected the allegation, insisting the so-called agency does not exist and accusing Adeyemi of forging official documents to further his alleged scheme.

The committee had equally planned to question Adeyemi at an undisclosed venue, but Sunday Punch learnt that the plan was halted after Adeyemi insisted on testifying in the open, before journalists and his legal team.

Sunday Punch also gathered that members of the 12-man committee remain divided over the fact that Gbajabiamila has not been formally invited to appear and respond to the allegation, despite his name featuring prominently in the matter.

A source close to the proceedings, who spoke on condition of anonymity because he was not authorised to discuss the matter, said the disagreement was central to the delay in finalising the report.

“Some of the committee members feel there should have been a presentation from Gbajabiamila since Adeyemi is alleged to have mentioned his name in the saga. So, writing a report without listening to him may attract criticism from the public.

“Secondly, some believe that the committee should write the court to release Adeyemi to testify before it in public. These are the issues delaying the report,” the source said.

Continue Reading

latest

“THIS MOUNTAIN MUST COLLAPSE!” Umahi Drops Presidential Bombshell In Imo .

Published

on

The Minister of Works, David Umahi, has stated that the infrastructure achievements of President Bola Tinubu’s administration make his re-election in the 2027 general elections essential for the South East, according to Naija News.....KINDLY READ THE FULL STORY HERE▶

During an inspection tour on Saturday, August 15, in Okigwe, Imo State, focusing on the 65-kilometer Afikpo-Uturu-Okigwe Federal Road project, Umahi detailed several ongoing federal infrastructure initiatives in the region.

A major focus of the inspection was a hazardous 60-meter-high mountain blocking a key section of the highway, which has historically caused numerous fatal accidents. Umahi announced that preparatory work has commenced to clear the obstacle, noting that President Tinubu specifically ordered its removal to protect motorists and local communities.

“This mountain, by the command of President Bola Ahmed Tinubu, must collapse for the people of South-East,” Umahi remarked, emphasizing the administration’s commitment to delivering a safer and more efficient transport corridor.

Providing an update on the project, the Minister noted that over 20 kilometers of the 65-kilometer road have already been completed. He praised the contractor for utilizing durable concrete pavement, which he described as superior to standard asphalt used on other federal highways.

Finally, Umahi urged residents to evaluate the federal government’s performance based on visible infrastructure development and economic benefits rather than political affiliations.

Continue Reading

Trending