Author: Olaoluwa Vincent Ajayi

Dollar falls slightly, pound gains, euro slips against naira — Nigeria’s parallel foreign exchange market witnessed marginal currency shifts on Tuesday, as the country continues to grapple with complex macroeconomic challenges and constrained forex liquidity. The Naira slightly appreciated against the U.S. Dollar in the black market, trading at ₦1,601.64 per $1, reflecting a 0.013% decrease from ₦1,601.85 the day prior. Though minimal, the movement underscores the delicate balance between demand and constrained supply in Nigeria’s informal currency exchange ecosystem. In contrast, the British Pound Sterling rose 0.17%, moving from ₦2,143.78 to ₦2,147.38, bolstered by strong demand and favorable trade…

Dollar Sells at ₦1601.85 — a 0.51% Drop from Yesterday As of 29th April 2025, the Nigerian Naira experienced a modest strengthening in the parallel market, with the dollar selling at ₦1601.85, reflecting a 0.51% decrease from ₦1610 the previous day. This shift underscores ongoing market volatility shaped by foreign exchange (forex) demand, supply pressures, and evolving monetary policies by the Central Bank of Nigeria (CBN). Black Market Exchange Rates Today 🔹 USD to NGN (Dollar) Buying Rate: ₦1,600 Selling Rate: ₦1,601.85 🔹 EUR to NGN (Euro) (as of 29th April 2025) Buying Rate: ₦1,775 Selling Rate: ₦1,825 🔹 GBP…

Nigerian Naira continued its struggle against major global currencies today, with the black-market exchange rate for the U.S. dollar increase further reflecting persistent economic pressures and foreign exchange supply shortages. As of May 5,2025  the unofficial exchange rate — heavily relied upon by businesses and individuals in Nigeria — saw the Naira trading at ₦1607.72 to $1 in the parallel market. The ongoing gap between the official and black-market rates underscores mounting challenges for Africa’s largest economy, where demand for dollars far outpaces the limited supply accessible through official channels managed by the Central Bank of Nigeria (CBN). Latest Black…

The Dollar to Naira exchange rate continues to capture the attention of businesses, investors, and individuals across Nigeria amid ongoing foreign exchange challenges. As of April 27, 2025, the black-market rates reflect persistent supply constraints, economic pressures, and recent Central Bank of Nigeria (CBN) policy shifts. Black Market Exchange Rates (April 27, 2025) Dollar to Naira: Buying: ₦1,600/$1 Selling: ₦1,605/$1 Euro to Naira: Buying: ₦1,780/€1 Selling: ₦1,800/€1 Pound Sterling to Naira: Buying: ₦2,100/£1 Selling: ₦2,120/£1 Chinese Yuan to Naira: Buying: ₦200/¥1 Selling: ₦220/¥1 The growing reliance on the black market is largely due to limited access to official forex windows,…

From academic excellence to political grace, how Dr. Oyebanji’s path led her to the heart of Ekiti’s leadership. Dr. Olayemi Jumoke Abiodun-Oyebanji, the First Lady of Ekiti State, was born in Ado-Ekiti into the distinguished family of High Chief Samuel Adedipe (Elerebi Omowa) of Irona Quarters, Ado-Ekiti. She began her education at Baptist Primary School, Irona, Ado-Ekiti, from 1976 to 1982, and continued at Baptist Secondary School, Ado-Ekiti, from 1982 to 1987, where she served as Head Girl. Motivated by a profound love for learning, she pursued a degree in Educational Management and Economics at the University of Ibadan, graduating…

The Dollar to Naira exchange rate remains a critical focus for businesses, investors and individuals in Nigeria as forex market fluctuations continue. On 25th April 2025, the black-market exchange rate reflects ongoing economic trends, foreign exchange supply challenges, and the latest policies from the Central Bank of Nigeria (CBN).   How Much is Dollar to Naira Today in Black Market? The latest black-market Dollar to Naira exchange rate as of 25th April 2025 is: Buying Rate: ₦1,600 per $1 Selling Rate: ₦1,607 per $1 How Much is Euro to Naira Today in Black Market? The latest black-market Euro to…

While many Nigerians know the name Nasir El-Rufai—former governor, federal minister, policy reformer—few know the woman who raised him. Even fewer have ever seen her. Her name is Hajiya Fatima, and though she shuns the spotlight, her life tells a story of resilience, sacrifice, and quiet strength. Born into a Fulani family in northern Nigeria, Fatima’s upbringing reflected the cultural norms of her time—strong on tradition yet limited in educational opportunities for women. She would go on to become the third wife of Mallam Ahmad Rufai Muhammad, a junior agricultural officer stationed in the rural town of Daudawa, now in…

Behind every great leader is a silent legacy. The story of Nasir El-Rufai’s father reveals how humble roots and quiet conviction helped shape one of Nigeria’s most talked-about statesmen. In the heartland of northern Nigeria, far from the capital cities and high offices, lived a man whose influence shaped the future of governance and reform in the country. Mallam Ahmad Rufai Muhammad, a Fulani from the small town of Daudawa, in present-day Faskari Local Government Area of Katsina State, was not a household name. Yet, his legacy quietly lives on in his son, Nasir Ahmad El-Rufai, the former Governor of…

VATICAN CITY — When a world leader dies, a wave of political jockeying often follows. But in the Vatican, where the Catholic Church now mourns the passing of Pope Francis, the path to leadership unfolds in utter silence — and absolute secrecy. There are no speeches, no campaign trails, no political alliances. In fact, Cardinals are expressly forbidden from doing any of it. According to the Apostolic Constitution Universi Dominici Gregis — the document that governs papal elections — Cardinals must not lobby, campaign, or promote themselves or others in any form. The rules, revised by Pope Benedict XVI in…

The Dollar to Naira exchange rate remains a critical focus for businesses, investors and individuals in Nigeria as forex market fluctuations continue. On 24th April 2025, the black-market exchange rate reflects ongoing economic trends, foreign exchange supply challenges, and the latest policies from the Central Bank of Nigeria (CBN).   How Much is Dollar to Naira Today in Black Market? The latest black-market Dollar to Naira exchange rate as of 24th April 2025 is: Buying Rate: ₦1,595 per $1 Selling Rate: ₦1,605 per $1 How Much is Euro to Naira Today in Black Market? The latest black-market Euro to…