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SECURITY EARTHQUAKE! Matawalle Unveils Tinubu’s Massive 5-Year Plan To Eradicate Insecurity!.
Minister of State for Defence, Bello Matawalle, has assured that Nigeria is on the path to overcoming its security challenges through a mix of proactive military operations, strategic planning, and deeper cooperation with state governments. Speaking on Monday in Kano during an assessment and condolence visit to the state government following an August 29 bandit attack in Chiroma village, Garun Mallam Local Government Area, Matawalle emphasized the current administration’s unwavering commitment to securing the nation.....KINDLY READ THE FULL STORY HERE▶
Highlighting long-term measures, the minister revealed that President Bola Tinubu has established a specialized committee to develop a comprehensive five-year defense and security strategy to tackle national threats systematically. On immediate responses to the recent violence, Matawalle noted that a joint security operation spearheaded by Brigadier General Saka Jimoh—Commander of the 3 Brigade, Kano—and involving Joint Task Force personnel from Hawan-Kwano and Kwanar Dangora successfully rescued multiple abducted victims around the Yan-Kifi Bridge and Marabar Kwari areas. He praised the troops for their gallantry and reaffirmed the Federal Government’s dedication to continuously upgrading the operational readiness of the armed forces and security agencies.
What is the prevailing Dollar to Naira exchange rate within the parallel market, commonly referred to as the black market or Aboki FX? Below is the breakdown of the black market exchange rates for swapping dollars to naira.....KINDLY READ THE FULL STORY HERE▶
Current Black Market (Aboki Rate) Overview
At the Lagos parallel market, bureau de change (BDC) sources report that currency traders are selling the United States Dollar at ₦1403 while purchasing it at ₦1395.
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Black Market Selling Rate: ₦1403 per $1
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Black Market Buying Rate: ₦1395 per $1
Official Central Bank of Nigeria (CBN) Rates
Official figures indicate that transactions handled via banking channels operate within a different margin, reflecting the official market parameters.
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CBN Highest Rate: ₦1335
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CBN Lowest Rate: ₦1327
It is important to note that the Central Bank of Nigeria does not officially recognize or endorse the parallel market, continually advising individuals seeking foreign exchange to utilize authorized banking institutions. Furthermore, actual transaction rates across different dealers and locations may fluctuate relative to these figures due to market variance.
The Federal Government has named Dr. Olugbenga A. Awe—a U.S.-based physician and academic—as the new Pro-Chancellor and Chairman of the Governing Council for the Federal University of Technology, Akure (FUTA) in Ondo State. Formalized through an official letter dated July 30, 2026, and signed by Education Minister Dr. Tunji Alausa, the appointment officially commenced on July 29, 2026, succeeding Senator Nora Ladi Daduut following her reassignment as Nigeria’s ambassador to South Korea.....KINDLY READ THE FULL STORY HERE▶
Dr. Awe brings a diverse background spanning medicine, enterprise, and educational administration to the role. After completing his studies at the University of Lagos and pursuing postgraduate training in Internal Medicine as well as Obstetrics and Gynaecology, he built an extensive academic and medical career, currently holding the position of Associate Professor of Medicine at the Mercer University School of Medicine in the U.S.
Stepping into leadership of FUTA’s governing council, Dr. Awe will collaborate with council members to steer the institution’s overall administration and strategic development, with the Federal Government leveraging his extensive international and academic expertise to advance the university.
The Kwara State House of Assembly has officially declared the seats of two legislators, Saaba Gideon (Edu Constituency) and Olusola Odetundun (Irepodun Constituency), vacant following their defection from the All Progressives Congress (APC) to the Peoples Democratic Party (PDP). Speaker Yakubu Danladi-Salihu announced the decision after a Tuesday plenary debate anchored on a formal petition from state APC chairman Sunday Fagbemi, who cited Section 109(1)(g) of the 1999 Constitution to argue that their party switch lacked qualifying constitutional exemptions. House Leader Oba Mogaji and other members backed the measure, noting that the defectors intend to run for reelection under the opposition platform in 2027.....KINDLY READ THE FULL STORY HERE▶
In response, the PDP has strongly condemned the action, with state Publicity Secretary Olusegun Adewara denouncing the move as a politically motivated maneuver initiated inappropriately through an external party letter. Accusing the ruling party of attempting to intimidate opponents via parliamentary influence rather than facing voters at the ballot box, the PDP vowed to pursue all necessary legal and constitutional avenues to protect the affected lawmakers and their constituents.
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