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UPDATE : Dollar to Naira Exchange Rate – May 6, 2026
Business

UPDATE : Dollar to Naira Exchange Rate – May 6, 2026

The exchange rate between the US dollar and the Nigerian naira in the parallel market, commonly known as the black market (Aboki FX), has been outlined for May 5, 2026.According to Bureau De Change (BDC) sources in Lagos, the dollar was sold at ₦1,400 and bought at ₦1,385 in the black market on Tuesday.Black Market (Parallel Market) RatesSelling Rate: ₦1,400Buying Rate: ₦1,385Meanwhile, the official rates from the Central Bank of Nigeria (CBN) showed a slightly lower range:CBN Official RatesHighest Rate: ₦1,370Lowest Rate: ₦1,362It is important to note that the CBN does not recognise the parallel market and advises individuals seeking foreign exchange transactions to go through authorised banks.Rates may also vary depending on location and market...
Nigerian passport climbs global ranking, slips in visa-free access
News

Nigerian passport climbs global ranking, slips in visa-free access

The Nigerian passport climbed six places on the Henley Passport Index since President Bola Tinubu assumed office in May 2023, rising from a global rank of 95 in January 2024 to 89 in the latest April 2026 edition.However, the actual number of countries Nigerian passport holders can visit without a visa has fallen by two destinations.This is as Ethiopia, Zambia, Zimbabwe, Lesotho, Somalia, Mauritania and São Tomé and Príncipe, among others, have moved Nigeria to the “visa required” category in recent years.According to the April 2026 edition of the Henley Passport Index, Nigeria’s visa-free destinations stand at 44, down from 46 in January 2025 and 45 in January 2024.The data, drawn from three successive annual editions of the index obtained by The PUNCH, shows...
Nigerian Senate restricts its presidency to returning 10th assembly members
News

Nigerian Senate restricts its presidency to returning 10th assembly members

Nigeria’s Senate has amended its internal rules to tighten eligibility requirements for the position of Senate President, limiting it to more experienced lawmakers within the chamber.The decision was reached after a closed-door session on Tuesday, May 5, where senators agreed on new criteria aimed at strengthening parliamentary hierarchy and institutional experience.Under the revised rules, only members of the current 10th National Assembly who have served at least two terms will be eligible to contest for principal offices, including Senate President. The amendment also requires that one of those terms must be the immediate term before nomination, effectively restricting eligibility to returning senators.According to the updated Order 4, nominations for presiding officers will...
Carter Efe Cries Out Over Delay in N50 Million Boxing Prize Payment {VIDEO}
Entertainment

Carter Efe Cries Out Over Delay in N50 Million Boxing Prize Payment {VIDEO}

Popular Nigerian streamer and content creator, Carter Efe, has expressed frustration over the delay in receiving his ₦50 million prize after winning a celebrity boxing match.According to reports, Carter Efe defeated singer Portable in the bout held on Friday, earning the top prize.Following the outcome, Portable questioned the result, alleging that the fight was manipulated by organisers to avoid paying out massive betting stakes reportedly placed on him.Reacting in a video shared on social media, Carter Efe called out the organisers for failing to pay him, stressing that he had yet to receive the promised prize money despite the risks he took during the fight.He lamented that he put in significant effort and endured the intensity of the match, yet the ₦50 million reward re...
Panic in Lagos as Gas Explosion Rocks Shops
News

Panic in Lagos as Gas Explosion Rocks Shops

Tension gripped parts of Lagos on Tuesday after a gas explosion occurred along Adeleye Street in the Doyin area of Orile-Iganmu, leaving one person seriously injured.The incident reportedly happened while a gas attendant was refilling a cylinder inside one of the shops situated in front of a demolished building, triggering panic among residents and traders nearby.The Lagos State Fire and Rescue Service confirmed the explosion in a statement, noting that it received an emergency call at about 12:23 p.m. and arrived at the scene within minutes.Firefighters from the Sari Iganmu and Ajegunle Fire Stations were promptly deployed to contain the situation and prevent the fire from spreading to adjoining structures.According to the agency, the explosion occurred in one of two shops...
2026 Champions League: Arsenal Defeat Atlético, Book Final Spot
Sports

2026 Champions League: Arsenal Defeat Atlético, Book Final Spot

Arsenal have secured a place in the 2026 UEFA Champions League Final after edging past Atlético Madrid with a 1-0 victory, sealing a 2-1 aggregate win at the Emirates Stadium.The triumph marks Arsenal’s first appearance in the final in two decades, with Bukayo Saka scoring the decisive first-half goal.The match began with early tension as Atlético threatened through Julián Álvarez, who fired wide, while Declan Rice made a crucial intervention to stop Giuliano Simeone.Arsenal gradually found their rhythm, creating chances through Gabriel Magalhães and Myles Lewis-Skelly. The breakthrough came just before halftime when goalkeeper Jan Oblak parried a shot from Leandro Trossard into Saka’s path, allowing him to slot home from close range.After the break, Atlético pressed for an...
NIS raises alarm over fake passport payment platforms
News

NIS raises alarm over fake passport payment platforms

The Nigeria Immigration Service (NIS) has cautioned Nigerians against using fraudulent platforms for passport payments.In a statement issued in Abuja on Monday, Akinsola Akinlabi, the service public relations officer described claims linking a religious organisation to the passport payment system as “false and misleading.”He maintained that the passport application process remains secure, transparent, and fully government-approved, stressing that it is accessible only through the agency’s official portal.“The service has not authorised any religious body, private organisation or individual to act as an intermediary or receive payments on its behalf,” he said.Akinlabi warned that any platform or link claiming to process passport payments outside the official system shoul...
Celebrities who attended the 2026 Met Gala in revealing outfits (photos)
Life Style

Celebrities who attended the 2026 Met Gala in revealing outfits (photos)

Attendees of the Met Gala are no strangers to revealing outfits. This year, a number of A-listers arrived in barely there dressing with sheer gowns, lingerie-inspired looks, and more. With this year’s exhibition theme revolving around the concept of “Costume Art,” more celebrities than usual arrived wearing their interpretations of “naked dressing”. See some below. 
IGP orders audit of arms, ammunition nationwide days after Delta k!lling
News

IGP orders audit of arms, ammunition nationwide days after Delta k!lling

The Inspector-General of Police (IGP), Tunji Disu, has ordered Commissioners of Police (CPs) to immediately undertake a comprehensive audit of arms and ammunition within their respective commands.Disu gave the directive on Tuesday, May 5, in Abuja at the opening of an emergency conference with CPs in charge of state commands.This directive comes days after an officer, ASP Nuhu Usman, shot de@d a suspect in Delta state.https://googleads.g.doubleclick.net/pagead/ads?gdpr=1&us_privacy=1---&gdpr_consent=CQfaJIAQfaJIADlBbAENCRFsAP_gAEPgABowL-tR_G__bXlv-bb36ftkeYxf9_hr7sQxBgbJs24FzLvW7JwX32E7NEzatqYKmRIAu3TBIQNtHIjURUChKIgVrzDsaE2U4TtKJ-BkiHMZY2tYCFxvm4tjWQCZ4vr_91d9mT-t7dr-2dzy27hnv3a9_-S1UJidKYetHfv8ZBOT-_IU9_x-_4v4_MbpEm-eS1v_tWvt43d-4vP_dpuxt-Tyff7____73_e7X__c__33___Xf_7____...
Xenophobic Attacks: Oshiomhole Urges FG to Act Against South African Firms {VIDEO}
News

Xenophobic Attacks: Oshiomhole Urges FG to Act Against South African Firms {VIDEO}

Senator Adams Oshiomhole has called on the Federal Government to take decisive action against South African businesses operating in Nigeria following renewed attacks on Nigerians in South Africa.Speaking during plenary on Tuesday, Oshiomhole suggested that authorities should consider withdrawing the operating licences of major South African-owned companies such as MTN Nigeria and DStv.He argued that Nigeria must respond firmly to what he described as repeated acts of hostility against its citizens, framing the situation as an economic and diplomatic struggle.According to him, rather than Nigerians being accused of taking jobs in South Africa, they should be encouraged to return home and take up employment opportunities created by foreign companies operating within Nigeria.O...
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