The exchange rate for the US dollar to the Nigerian naira in the black market (parallel market) stands at ₦1700 for buying and ₦1710 for selling as of Saturday, 19th October 2024. These rates are provided by sources from the Bureau De Change (BDC) in Lagos. It’s important to note that the Central Bank of […]
Author archives: Gloria
Afenifere Cautions Tinubu Administration on World Bank’s 15-Year Economic Plan
The pan-Yoruba socio-political group, Afenifere, has urged the administration of President Bola Tinubu to exercise caution in adopting the recent recommendations made by the World Bank regarding Nigeria’s economic policies. This follows comments made by World Bank Senior Vice President Indermit Gill at the Nigerian Economic Summit Group (NESG) meeting in Abuja, where he suggested […]
National Grid Collapses for the Third Time This Week
The national power grid in Nigeria has collapsed for the third time in one week, with power generation failing early on Saturday morning at around 8:16 AM. This latest outage follows similar incidents on Monday and Tuesday during restoration efforts. At 8 AM, power generation was reported at 3,042 megawatts, peaking at 3,968 MW earlier […]
FG Committed to Strengthening Water Users’ Associations, Says Minister
The Minister of State for Water Resources and Sanitation, Bello Goronyo, has reiterated the Federal Government’s commitment to bolstering Water Users’ Associations (WUAs) in public irrigation schemes, viewing this as vital for food security and economic development. This announcement was made during the South-South Regional Workshop on the establishment and strengthening of WUAs, held in […]
Tinubu Celebrates Gowon’s 90th Birthday: ‘Father of National Infrastructure’
President Bola Tinubu has paid tribute to former military head of state General Yakubu Gowon (rtd) as he celebrates his 90th birthday. In a heartfelt statement released on Saturday, Tinubu recognized Gowon as “the father of national infrastructure” and praised his significant contributions to Nigeria. Reflecting on Gowon’s legacy, Tinubu emphasized the former leader’s role […]
Obi of Onitsha Warns Tinubu of Declining Well-Being Among Nigerians
The Obi of Onitsha, Alfred Achebe, has voiced his concerns about the deteriorating well-being of Nigerians due to economic and security challenges under President Bola Tinubu’s administration. Speaking at the 2024 Ofala Festival in Onitsha, Achebe highlighted the sharp decline in the country’s living standards, pointing to the rise in insecurity, soaring inflation, and increasing […]
Lawyer for Mozambique Opposition Candidate Venancio Mondlane Killed in Attack
Elvino Dias, the lawyer representing Mozambique’s leading opposition candidate Venancio Mondlane, was tragically killed in a brazen attack in Maputo on Saturday, 19th October 2024. Dias was gunned down alongside Paulo Guambe, a Podemos party candidate who also supported Mondlane in the October 9 elections. Eyewitnesses reported that two gunmen opened fire on their vehicle […]
Delays In Election Materials Disrupt Local Government Elections In Kaduna
Local government elections in Kaduna State have faced significant disruptions due to delays in the arrival of election materials and officials. Voting, which was scheduled to begin at 8:00 AM on Saturday, had not started in many polling units by 10:00 AM, causing widespread frustration among voters and party agents. Key areas such as Tudun […]
Dollar to Naira Black Market Exchange Rate for 19th October 2024
Slug: dollar-naira-black-market-exchange-rate-october-19-2024 As of 19th October 2024, the black market exchange rate for Dollar to Naira in Lagos stands at ₦1710 for buying and ₦1725 for selling. These rates, obtained from sources at Bureau De Change (BDC) operators, reflect the ongoing depreciation of the Naira. In contrast, the Central Bank of Nigeria (CBN) official rate […]
CUPP Criticizes Tinubu, Shettima’s Foreign Trips Amid National Crises
The Conference of United Political Parties (CUPP) has condemned the simultaneous foreign trips of President Bola Tinubu and Vice President Kashim Shettima, calling it a “dereliction of duty.” As Nigeria faces economic decline, rising insecurity, and a depreciating naira, the CUPP expressed deep concerns over the absence of the nation’s top leaders. Peter Ahmeh, National […]