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SEE Today Black Market and CBN official Exchange Markets:

By Kayode Sanni-Arewa
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market?
For many Nigerians, especially those engaged in foreign trade, travel, and investments, there is a nagging concern for the dollar-naira black market exchange rate.
The black market rate for dollars to naira, parallel or Aboki FX as some know it will most of the time give different rates from the official CBN rates. The dollar to naira exchange rate at this point was still wiggling up and down. We will discuss in this article how the rate has moved up to this current dollar to naira exchange rate today, August 27, 2024, what drives the rate, and how all these affect the economy of Nigeria. Dollar to Naira Today Black Market. Current Black Market Dollar to Naira exchange rate.
Buying Rate: N1615 Selling Rate: N1620 Official CBN Rates Buying Rate: N1603 Selling Rate: N1605 Football Result|Live Scores Pool Results and Fixtures Understanding the Dollar to Naira Black Market for Forex What is the Black Market? The black market refers to unofficial exchange channels where currencies are traded without government regulation.
This market often provides more competitive rates due to the high demand and limited supply of foreign currencies. Why Do People Use the Black Market? People turn to the black market due to:
Favorable Rates: Often higher than official rates. Accessibility: Easier to obtain foreign currency without stringent regulatory requirements. Factors Influencing Black Market Rates. Economic Policies Government decisions on interest rates, inflation control, and forex regulations by the CBN directly affect the naira’s value. Policy adjustments aimed at stabilizing the naira impact the exchange rates.
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Finally , Lagos Court frees Quadri, young Nigerian who stood before Obi’s convoy in viral photo

The Apapa Magistrate Court, Court 9 sitting at Orege, Ajegunle – Sikiru Adagun Courthouse, has discharged and acquitted Alabi Quadri, the young Nigerian who became a national symbol of courage during the 2023 general elections, for standing boldly in front of the convoy of then-Labour Party presidential candidate Peter Obi.
He was discharged and acquitted of conspiracy to commit felony and armed robbery.
The court held that he has no case to answer.
Quadri was brought to court on Thursday, April 17, 2025, after spending months in Kirikiri Prison, Lagos.
The Nigerian Correctional Service produced Quadri at the Apapa Magistrate Court, located at Orege, Ajegunle—Sikiru Adagun Courthouse (Court No. 9).
Quadri’s case was initially slated for a hearing on April 28, 2025.
However, human rights lawyer and activist Inibehe Effiong had revealed that both he and the Director of Public Prosecutions (DPP) requested that the date be moved forward, and the court granted the application.
Quadri gained widespread attention after a viral video showed him, a teenage boy at the time, fearlessly standing before Peter Obi’s campaign convoy—a moment many Nigerians interpreted as a symbol of youthful defiance and hope during a tense election period.
The media reported that Effiong revealed that Alabi’s recent painful descent into the Nigerian prison system was not due to any major crime but rather a result of prolonged malice and resentment harboured by some self-acclaimed ‘area boys’ (thugs) in his neighbourhood.
According to the lawyer, these individuals felt entitled to a portion of the unexpected attention and goodwill, including financial support, that Alabi received following his moment in the spotlight during the 2023 presidential campaign.
Effiong, who recently visited the Apapa Magisterial Court in Lagos alongside Alabi’s mother and legal colleagues, stated that Alabi’s journey to Kirikiri prison was not only heartbreaking but appeared to be the outcome of a vendetta fuelled by local ‘area boys’ who felt entitled to the financial support Alabi received after his viral moment.
Effiong revealed that Alabi was abducted in January near his home while returning from work by the ‘area boys’ who had been threatening him.
They allegedly took him to Amukoko Police Station (popularly known as Pako Police Station) and accused him of being involved in street fights.
However, Alabi was then arraigned before a Magistrate Court along with four other individuals, said to be complete strangers to him, on allegations of conspiracy to commit armed robbery with cutlasses.
According to the charge sheet, the alleged victims were robbed of N579,000, comprising cash and four mobile phones.
Effiong also emphasised that despite being a minor, Alabi had been detained with adults at Kirikiri since January, pending legal advice from the Lagos State Directorate of Public Prosecutions (DPP).
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Lawmaker Slams NBA Over Rivers Crisis, Demands Return of N300m

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BREAKING: Unknown gunmen reportedly storm Senator Natasha’s family residence

Senator Natasha Akpoti-Uduaghan’s family residence in Kogi was reportedy invaded by gunmen around 1 a.m. on Tuesday, April 16, leaving damaged windows but no injuries.
The incident happened at her hometown residence in Obeiba-Ihima, located in Okehi Local Government Area of Kogi State.
Sources familiar with the event said the attackers arrived around 1:00 a.m. Armed with cutlasses and guns, they damaged parts of the building, smashing windows and causing panic in the area. At least three men were involved in the attack.
Senator Natasha’s Chief Security Officer, Yakubu Ovanja, quickly informed the appropriate security agencies.
In response, officers from the Okehi Police Division rushed to the scene.
Although nobody was hurt and no suspects have been arrested yet, security officials recorded the extent of the damage and launched a preliminary investigation.
The reason behind the attack is still unknown, and as of now, Senator Akpoti-Uduaghan has not released any official statement. She represents Kogi Central in the Senate and is known as a vocal figure in Nigerian politics.
According to Zagazola Makama, police are still trying to figure out what motivated the attackers and are working to find those responsible.
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