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Naira In Trouble: Black Market Dollar Rates Hit New Levels – February 10, 2025

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By Kayode Sanni-Arewa

These are the current rates at which you can exchange your dollars for naira.

How Much is a Dollar to Naira Today in the Black Market?
Dollar to Naira Black Market (Aboki FX) Rate:

At the Lagos Parallel Market (Black Market), dealers are buying dollars at ₦1570 and selling at ₦1590 as of Sunday, February 9, 2025, according to Bureau De Change (BDC) sources.

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Important Notice:
The Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) rates and advises individuals seeking foreign exchange (Forex) to use official banking channels.

Dollar to Naira Black Market Rate Today:

Dollar to Naira (USD to NGN) Black

Market Exchange Rate (Feb 9, 2025)

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Buying Rate: ₦1570

Selling Rate: ₦1590

Dollar to Naira CBN Official Rate Today:

Dollar to Naira (USD to NGN) CBN Official Rate (Feb 9, 2025)

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Highest Rate: ₦1503

Lowest Rate: ₦1496

Note: The rates at which you buy or sell forex may differ slightly from those listed here, as exchange prices can fluctuate based on market dynamics.

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NDLEA declares 4 members of drug cartel wanted(Photos) …Over cocaine shipments to Saudi Arabia, Qatar, others

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By Kayode Sanni-Arewa

The National Drug Law Enforcement Agency, NDLEA, has declared four associates of Lagos drug kingpin, Alhaji Suleiman Aremu Ganiu (a.k.a Barryshine, Ejeoto) wanted for their involvement in multiple drug trafficking activities for which ‘Barryshine’ is currently facing criminal charges at a Federal High Court in Lagos.

The decision to declare the suspects wanted followed an order granted to the NDLEA by Honourable Justice Akintayo Aluko of the Federal High Court in Lagos. Those wanted for their involvement in multiple drug trafficking activities include: Olarenwaju Ramon Abdulai (a.k.a Alhaji Loyingbo); Oluwafemi Akande Abidoye (a.k.a Igbono, Baba Eje, Ade Iwaya, Femi Iwaya); Olumuyiwa Olufemi Ilori (a.k.a Murphy) and Alate Kafy Bakare Bukki of Kaffy Travels.

The court in its ruling on Tuesday 28th January 2025 following the reliefs sought by NDLEA in charge no: FHC/L/731C/2024 ordered as follows:
“That an order of this Honourable Court declaring one Olarenwaju Ramon Abdulai a.k.a ‘Alhaji Loyingbo’, wanted by a public notice with their photographs conspicuously displayed, who are presently at large for their involvement in multiple drug trafficking activities with Suleiman Aremu a.k.a ‘Barryshine’, ‘Ejeoto’ is hereby granted.

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“That an Order declaring one Oluwafemi Akande Abidoye a.k.a ‘Igbono’, ‘Baba Eje’, Iwaya’, ‘Femi Iwaya’, wanted by a public notice with their photographs conspicuously displayed, who are presently at large for their involvement in multiple drug trafficking activities with Suleiman Aremu Ganiu a.k.a ‘Barryshine’, ‘Ejeoto’ is hereby granted.

“That an Order declaring one Olumuyiwa Olufemi Ilori a.k.a ‘Murphy’, wanted by a public notice with his photograph conspicuously displayed, who is presently at large for his involvement in multiple drug trafficking activities with Suleiman Aremu Ganiu a.k.a ‘Barryshine’, ‘Ejeoto’ is hereby granted.

“That an Order declaring one Alate Kafy Zakare Bukki of Kaffy Travels wanted by a
public notice with her photograph conspicuously displayed, who is presently at
large for her involvement in the drug trafficking activities with Suleiman Aremu Ganiu a.k.a ‘Barryshine’, ‘Ejeoto’ is hereby granted.”

The leader of the gang, Suleiman Ganiu Aremu (a.k.a Barryshine) was arrested on 26th August 2024 two years after coming under the radar of the anti-narcotics Agency. Suleiman who is the Managing Director/CEO of Barryshine Suleiman Nigeria Ltd came under the Agency’s watchlist over his alleged role in four foiled attempts to export cocaine to Saudi Arabia and Qatar through the Murtala Muhammed International Airport, MMIA Ikeja Lagos between 2022 and 2024.

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Many of his mules have since been arrested by NDLEA, prosecuted and convicted. He is currently facing multiple criminal charges at a Federal High Court in Lagos.
Members of the public with any information on the whereabouts of the four wanted suspects are encouraged to contact the nearest NDLEA Command, call our toll free helpline: 080010203040 or send direct messages to any of our social media accounts: @ndlea_nigeria on Instagram, X, Tiktok and @ndlea01 on Facebook or @ndleatv on Youtube.

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Prove your innocence in court, INEC tells sacked REC

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The Independent National Electoral Commission (INEC) has told the dismissed Resident Electoral Commissioner(REC) Hudu Ari to prove his innocence before a competent court of law where he is being tried for allegedly infringing on the electoral process during the 2023 governorship election in Adamawa State.

Ari, who is being prosecuted by the commission for electoral offences in a beireifng in Bauchi at the weekend, said he had evidence that the candidate of the All Progressives Congress (APC), Senator Aisha Binani, won the governorship election in Adamawa State.

The former REC declared Binani winner of the contest when the rerun election was still ongoing before leaving the State, alleging his life was in danger.

However, National Commissioner and Chairman Information and Voter Education Committee of the Commission, Sam Olimekun (Mni) told The Nation that the commission will not comment on Ari’s allegations because his case is before the court.

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Olimekun said: “In response to your request, our attention has also been drawn to the interview granted by the former REC of Adamawa State, Mr. Hudu Yunusa Ari. There is nothing new in what he said.

“In any case, the substantive matter of the 2023 Adamawa State Governorship election has been determined through the appropriate judicial process from the trial Tribunal to the Appeal Tribunal and finally settled by the Supreme Court.

“The Commission will not comment on the propriety or otherwise of his conduct during the concluding part of the election as the matter is right now the subject of litigation at the High Court sitting in Yola and therefore subjudice.

“Now that he is back in the country, the right place to prove his innocence and the propriety of his action is by availing himself for the due process of law and not a press conference.”

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The Senate recently approved President Bola Ahmed Tinubu’s request to sack Ari and two other RECs.

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FG engages Saudi Arabia on visa travel restrictions

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The Federal Government is engaging with Saudi Arabia over the recent listing of Nigeria among nations restricted from multiple entry visas.

Saudi Arabia recently introduced new visa regulations that will impact travellers from 14 countries, restricting them to single-entry visas valid for 30 days with no option of extension.

The changes apply to tourists, business travellers and those visiting family members, while excluding applicants for Hajj, Umrah, diplomatic or residency visas.

The new regulations target travellers from Algeria, Bangladesh, Egypt, Ethiopia, India, Indonesia, Iraq, Jordan, Morocco, Nigeria, Pakistan, Sudan, Tunisia and Yemen.

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But Nigeria expressed optimism that it is a temporary measure.

According to the media aide of Minister of Foreign Affairs, Mr. Alkasim Abdulkadir, the changes may not be unconnected with the upcoming Ramadan season.

He said: “Saudi Arabia has recently adjusted its visa policies, affecting travellers from Nigeria and 13 other countries. The issuance of visas is a sovereign right of each nation and Saudi Arabia has implemented these changes to better manage the influx of visitors, especially with the upcoming Ramadan season.

“Nigerian citizens are still eligible to apply for single-entry visas and thousands continue to do so daily. It’s important to note that this restriction is temporary and specifically pertains to multiple-entry visas. This policy does not prevent travellers or pilgrims from applying to visit Saudi Arabia for work or religious purposes.

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“The Nigerian government is actively engaging through diplomatic channels to ensure that Nigerian pilgrims and travelers experience seamless journeys to Saudi Arabia.”

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