News
SEE Dollar To Naira Exchange Rate Today

By Kayode Sanni-Arewa
After it closed at N1,530 per $1 on Sunday, 30 June 2024, the local currency opened at N1,550 per $1 at the parallel market otherwise known as the black market, today, Monday, 1st July 2024, in Lagos Nigeria.
Black Market Exchange Rate Today’s Buying Rate is $1 N1500 and Selling Rate at $1 N1,550
How does the black market dollar-to-naira exchange rate compare to the official rate?
Naira weakened further against the dollar on Wednesday, closing at N1,507.83/$1, based on the latest data from the FMDQ, which manages the NAFEM window where currencies are officially traded.
Throughout June, the exchange rate had been stable, fluctuating between N1,470/$1 and N1,480/$1. However, yesterday marked a significant shift as it breached the N1,500 threshold.
The difference between the black market rate and the official rate is called the parallel market premium. The parallel market premium indicates the degree of divergence between the official and unofficial markets and reflects the level of confidence in the naira and the CBN’s policies.
News
Security Personnel Shoots Himself Trying To Nab Suspect In Abuja
By Kayode Sanni-Arewa
There was tension on Wednesday As vigilante operating at Dei-Dei community in Bwari Area Council of the Federal Capital Territory (FCT), Mujahid Ibrahim (32), has reportedly shot himself while trailing a suspect in the area. Abuja Metro learnt that the bullets from his rifle injured him around his feet, with at least seven cartridges extracted from his body
He was said to be awaiting x-ray results for the possibility of more cartridges in his body.
The incident took place around 12 am in the early hours of Wednesday when the victim and his colleague intercepted a resident in the neighbourhood, they were guarding for working at late hours.
Speaking yesterday at the Kubwa General Hospital, where he was rushed to, Ibrahim said the suspect came around 12 am against the 11 pm, which was agreed upon by the members of the community.
“My colleague, who attended to him, tried in vain to make him understand the rule, but instead for him to cooperate, he resorted to violence and in an effort to scare him, I cooked my rifle pointing toward the sky. I later withdrew the rifle back to my shoulder, but forgot to pull it back and in the process of running toward him as the man was having a scuffle with my colleague, the gun fired out some bullets that hit me around my feet,’’ he said
Also speaking, his colleague, who accompanied him to the hospital, Ben Isaac, said following the incident, the resident in question disappeared but his elder brother has taken all the responsibilities including the treatment charges.
He added that a 24- hour warning was issued to him to appear or get arrested.
News
Just in: INEC dumps recall petition against Sen Natasha

The Independent National Electoral Commission,( INEC) has rejected the petition to recall the Senator representing Kogi Central, Natasha Akpoti-Uduaghan, inadequate.
The electoral umpire via its 𝕏 handle on Thursday, April 3, 2025, made this known in a terse statement where it disclosed that the group, who initiated the process did not meet the requirements of the constitution.
INEC in a tweet on its ‘X’ handle said; “The petition for the recall of the Senator representing the Kogi Central Senatorial District has not met the requirement of Section 69(a) of the Constitution of the Federal Republic of Nigeria 1999 (as amended)”.
News
US cancels ex- president ,Nobel Peace Prize winner Oscar Arias visa

A former president of Costa Rica, Oscar Arias, says his US visa has been revoked.
Arias, a Nobel laureate, said he was informed of the decision weeks after he had publicly criticised Donald Trump, comparing the behaviour of the US president to that of a Roman emperor.
The 84-year-old, who was awarded the Nobel Peace Prize for his role in brokering an end to conflicts in Central America, said US authorities had given no explanation.
Arias hinted, however, that it may be due to his rapprochement with China during the time he was president from 2006 to 2010.
Speaking at a news conference in the Costa Rican capital, San José, Arias said he had “no idea” what the reason for the cancellation was.
He said he had received a “terse” email “of a few lines” from the US government informing him of the decision.
He added that he thought that it was not President Trump but the US State Department, which had taken the decision.
While he said it would be conjecture on his part to speculate about the reason behind the visa revocation, he did point out that “I established diplomatic relations with China.
“That, of course, is known throughout the world,” he told journalists of his 2007 decision to cut ties with Taiwan and establish them with China instead.
The Trump administration has sought to oppose China’s influence in the Western hemisphere and has accused a number of Central American governments of cosying up to the Chinese government and Chinese companies.
However, it has been supportive of the current Costa Rican President, Rodrigo Chaves, praising his decision to exclude Chinese firms from participating in the development of 5G in Costa Rica.
But this perceived closeness between President Chaves and the US was criticised by Arias, who wrote a post on social media in February saying that “it has never been easy for a small country to disagree with the US government, less so when its president behaves like a Roman emperor, telling the rest of the world what to do”.
He added that “during my governments, Costa Rica never received orders from Washington as if we were a banana republic.”
Arias is not the only Costa Rican to have had his US visa revoked. Three members of the country’s national assembly who opposed President Chaves’s decree to exclude Chinese companies from participating in the development of 5G have also had theirs cancelled. [BBC]
-
News10 hours ago
Rivers APC demands Fubara’s probe over ex-HoS allegations
-
Business23 hours ago
Bank stops transfer fees on online transactions
-
Economy3 hours ago
SEE Black Market Dollar To Naira Exchange Rate Today 3rd April 2025
-
News23 hours ago
S/African Court Acquits Nigerian Pastor Of Rape, 31 Other Charges
-
News4 hours ago
Natasha: Kogi PDP hammers Ododo, reiterates unfeigned support for her
-
Economy11 hours ago
Naira rebounces against the dollar in parallel market
-
News2 hours ago
Just in: INEC dumps recall petition against Sen Natasha
-
News10 hours ago
Air Algerie Inaugural Flight to Abuja Will Strengthen Nigeria-Algeria Ties – FG