By Kayode Sanni-Arewa

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1495 and sell at ₦1505 on Friday 28th February, 2025, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today

Buying Rate ₦1495

Selling Rate ₦1505

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN) CBN Rate Today

Highest Rate ₦1504

Lowest Rate ₦1490

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

…hails SC verdicts

By Kayode Sanni-Arewa

The apex Igbo socio-cultural organization, Ohanaeze Ndigbo, has called on the Rivers State House of Assembly to begin throwing articles of impeachment proceedings against Governor Siminialayi Fubara immediately.

In a statement issued on February 28, 2025, Ohanaeze hailed the Supreme Court of Nigeria’s verdict, which ordered the Central Bank of Nigeria (CBN) and the Accountant General of the Federation to halt financial allocations to the Rivers State Government.

The group said the ruling is a victory for the suffering people of Rivers State and a decisive stand against executive recklessness.

“Ohanaeze Ndigbo heralds this judgment as an end to the unconstitutional actions that have defined Governor Fubara’s administration.

“We call on the Rt. Hon. Martin Chike Amaewhule-led Rivers State House of Assembly to begin impeachment proceedings immediately,” the statement signed by Mazi Okechukwu Isiguzoro, Deputy President General, Ohanaeze Ndigbo and Chief Chinenyeze Thompson Ohia – National Public Secretary, read.

The group accused Fubara of multiple impeachable offences, including demolishing the Rivers State House of Assembly complex, thereby obstructing 27 lawmakers from performing their duties.

The group also accused the governor of attempting to govern with only four legislators, a move that undermines democracy and hiding behind presidential immunity to engage in unconstitutional actions that cripple governance.

The Supreme Court’s ruling, delivered by Justice Emmanuel Akomaye Agim and a five-member panel led by Justice Musa Uwani Aba-Aji, declared Fubara’s actions illegal and ordered the immediate reinstatement of the 27 affected lawmakers.

Ohanaeze urged the Rivers State Assembly to take swift action, establish a disciplinary committee led by the Chief Judge of Rivers State, and restore democratic order.

“The time for decisive action is now. The integrity of our democracy depends on it,” the statement concluded.

“The time for decisive action is now. The integrity of our democracy depends on it,” the statement concluded.

By Kayode Sanni-Arewa

Jubilation as the Minister of the Federal Capital Territory (FCT), Nyesom Wike, arrived in Port Harcourt, Rivers State, on Friday night hours after Supreme Court verdict.

Recall the Supreme Court ordered the Central Bank of Nigeria (CBN) to stop the release of funds to the Rivers State government forthwith until a proper House of Assembly is constituted.

The court also ordered Martin Amaewhule to resume sitting immediately with all elected members.

The Supreme Court has ruled that its order will remain in effect until a properly constituted House of Assembly is established in Rivers State.

The apex court also barred the Accountant General of the Federation and other government agencies from disbursing funds to the Rivers State government until it complies with previous court rulings.

In a judgment delivered by Justice Emmanuel Akomaye, the five-member panel unanimously dismissed a cross-appeal filed by Governor Siminalayi Fubara, which challenged the legitimacy of the House of Assembly led by Speaker Martin Amaewhule.

In the wake of the court judgment favouring the camp of the immediate past governor of Rivers State, Wike’s aide, Lere Olayinka, in a post via X, shared the video of his principal, who was being welcomed at the airport by a crowd of supporters.