Business

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 18th August, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1415 and buy at ₦1405 on Tuesday 18th  August, 2026, 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...

Economists and financial analysts have explained why food prices and the cost of living continue to rise despite Nigeria recording a second consecutive decline in headline inflation in July 2026. DAILY POST reports that Nigeria’s headline inflation declined for the second consecutive month to 15.43 percent in July from 15.91 percent in June, according to the Consumer Price Index, CPI, and inflation report released by the National Bureau of Statistics, NBS, on Monday. NBS data showed that the month-on-month headline inflation rate in July 2026 stood at 1.57 percent, representing a 0.09 percentage-point decline from the 1.66 percent recorded in June. On a year-on-year basis, Adamawa State recorded the highest all-items inflation rate at 33.03 percent, while Nasarawa State r...

INEC CVR The Independent National Electoral Commission (INEC) has urged the general public to disregard information circulating on social media regarding the just-concluded Governorship Election in Osun State. The Chief Press Secretary to the INEC Chairman, Dayo Oketola, clarified on ARISE NEWS on Monday while speaking on the conduct and outcome of the poll that all electors were duly registered and were accredited at their designated polling units before they could participate in the election. He noted that the deployment of the Bimodal Voter Accreditation System (BVAS) made speculations of ghost voters impossible. Oketola, hence, warned Nigerians to desist from relying on unverified videos and information circulated on social media. “We are in an age of AI, misi...

A sum of 1,340,425,393 was allegedly removed from  Access Bank vault by some suspected hackers. The incident occurred when the bank system experienced glitches sometime early this month. The said sums were allegedly removed from the accounts of MIB TXN Bullion, Aba Branch, AIICO General Insurance Company Limited, Apogee Engineering Limited and Sims Nigeria Limited, domiciled with the bank. However, Access Bank, in a desperate bid to recover the huge loss, has approached the Federal High Court, Lagos, with an ex Exparte motion marked FHC/LAG/MISC/1168/2026, in which it listed 71 banks allegedly used by the suspected hackers to warehouse the sum as respondents. The motion, according to Access Bank, was pursuant to Order 26, Rule 6 of the (Civil Procedure) Rules 2019, Sections 6(6...

  Nigeria’s inflation dropped further to 15.43 percent in July 2026, down from 15.91 percent recorded in June. The National Bureau of Statistics disclosed this in its Consumer Price Index and inflation report released on Monday. This means the country’s headline inflation rate in July was 15.43 percent. Similarly, food inflation was 5.56 percent on a month-on-month basis. “In July 2026, the Headline inflation rate stood at 15.43 percent. “On a month-on-month basis, the Headline inflation rate in July 2026 was 1.57%. “The Food inflation rate in July 2026 was 5.56 percent on a month-on-month basis”, NBS stated on X. Recall that the Central Bank of Nigeria’s Monetary Policy Committee, in July, retained the country’s interest rate at 26.50 percent. https...

Trump’s legal team has accused the BBC of harassing his family after the broadcaster sought court approval to subpoena Donald Trump Jr., Ivanka Trump and Jared Kushner in connection with the president’s $10 billion defamation lawsuit. The BBC argues that the three have relevant knowledge and records concerning Trump’s January 6, 2021 speech Lawyers representing the broadcaster have asked a Florida court for permission to subpoena Donald Trump Jr., Ivanka Trump and her husband, Jared Kushner, after reportedly being unable to serve them with the legal documents because of their Secret Service protection. The US President is in a £7.4billion legal battle with the BBC over a 2024 Panorama documentary which examined the events leading up to the Capitol riots on January 6, 2021. Footage...

Nigerian telecom subscribers recorded a historic 1.5 million terabytes of data consumption in May 2026, marking the country’s highest monthly usage on record. The milestone, according to the latest industry statistics from the Nigerian Communications Commission (NCC), reflects the growing adoption of faster 4G and 5G networks, as well as increased digital content creation and consumption. 4G and 5G Adoption Drives Growth NCC data showed that 4G users accounted for 54.30% of active internet connections in May, while 5G connections rose to 4.49%. Meanwhile, the share of 3G connections continued to decline, falling to 5.10%. NCC Executive Vice Chairman, Dr. Aminu Maida, had earlier disclosed that Nigerians were consuming about 45,800 terabytes of data daily. By May, the figure had...

NAQS recruitment The Nigeria Agricultural Quarantine Service (NAQS) has postponed the release of shortlisted candidates for its ongoing recruitment exercise. The list was initially scheduled to be published on Thursday, August 13, but the agency said the decision was necessary to ensure a thorough, transparent and accurate recruitment process. The development was contained in a public notice signed by the Director of Human Resources, ACG Issaka Ahmed, and shared by the agency on its 𝕏 handle. Explaining the reason for the delay, NAQS said the screening process required additional time. The agency stated, “In order to ensure a thorough, transparent and accurate process, we are unable to release the list of shortlisted candidates as scheduled.” It apologised to ap...

Published  Communication has been brought to a standstill for millions of MTN subscribers in Jalingo, Taraba State, following a total disruption of services on the network. The outage, which lasted for several hours on Thursday, left subscribers unable to make or receive calls, send SMS messages, or use WhatsApp and other internet-based services through the MTN network. The situation in parts of the state capital and observed that attempts by subscribers to make calls or access mobile data services were unsuccessful. The situation left many residents stranded and unable to communicate with relatives, business partners and customers. The development also disrupted commercial activities, with some business owners saying they were unable to complete transacti...