Category archives: News

Dollar to Naira Black Market Exchange Rate for October 27, 2024

Today’s black market exchange rate for the dollar to naira stands at N1720 for buying and N1735 for selling, as reported by Bureau De Change (BDC) sources. While these are the prevailing rates at the Lagos parallel market, it is important to note that the Central Bank of Nigeria (CBN) does not endorse these rates […]

US Airlifted Binance Executive Gambaryan from Nigeria Following Dropped Charges

Following the dismissal of money laundering charges by the Nigerian government, Tigran Gambaryan, a senior executive at Binance Holdings, was evacuated from Nigeria aboard a US aircraft equipped with medical facilities, according to The New York Times. Gambaryan, detained since February over alleged naira manipulation, was released on Wednesday after diplomatic discussions between US and […]

Bala Mohammed Critiques Tinubu’s Leadership: Calls for Experienced Advisors

Bauchi State Governor Bala Mohammed has expressed concerns about President Bola Ahmed Tinubu’s leadership, stating that he has not delivered the same level of development that marked his tenure as governor of Lagos from 1999 to 2007. In a recent interview with Daily Trust, the Chairman of the Peoples Democratic Party (PDP) Governors Forum emphasized […]

Naira Exchange Rates: Current Dollar Values and Government’s De-dollarization Efforts

The latest exchange rates for the dollar against the naira in the black market have been released. As of October 25, 2024, the dollar is being bought for N1730 and sold for N1740 in Lagos’ parallel market, according to sources from Bureau De Change (BDC). It’s important to note that the Central Bank of Nigeria […]

Katsina Governor Reveals How Residents Are Taking Security into Their Own Hands

Governor Dikko Umar Radda of Katsina State has announced that his administration is empowering residents to defend themselves against banditry by providing training programs. In an interview with the BBC Hausa service, Radda explained that many communities in Katsina have become less accessible to bandits due to the proactive measures taken by locals. Radda emphasized […]

House Committee Indicts Former Aviation Minister Sirika Over Controversial Helicopter Sale

The House of Representatives Committee on Public Assets has accused former Aviation Minister Hadi Sirika of involvement in the questionable sale of two helicopters by the Nigerian College of Aviation Technology (NCAT) in Zaria. According to a report by Saturday Punch, the Bell 206 helicopters were sold for N556 million, allegedly due to underutilization. While […]

House of Reps Criticizes CBN Over Old and New Naira Note Confusion

Labour Party Caucus Leader in the House of Representatives, Afam Ogene, has criticized the Central Bank of Nigeria (CBN) for its unclear stance on the coexistence of old and new Naira notes. His statement follows the CBN’s response to a Supreme Court ruling that did not specify an expiration date for the old ₦200, ₦500, […]

Keyamo Provides Update on Helicopter Crash Search Efforts

The Minister of Aviation and Aerospace Development, Festus Keyamo, has given an update on the search for victims following a helicopter crash on Thursday in the Atlantic Ocean, near Bonny Finima off the coast of Calabar. He stated that divers are continuing their search for remaining bodies and the wreckage. A full update will be […]