Trending News: ’20 injured, 50 houses damaged’ as gas pipeline explodes in RiversArmy arrests fake soldier accused of defrauding Gombe, Bauchi womenCorps member dies in Orientation campBandits fleeing Zamfara kill 5, burn houses in NigerNo Plan To Increase Electricity Tariff, FG InsistsNo Vacancy In Senate Presidency, Senators DeclareCourt Sentences Two Boko Haram Supporters To Life ImprisonmentUS supreme court to hear asylum case of Nigerian who ‘cooked for Unknown Gunmen’Nigeria’s inflation dropped to 14.63% in September, says NBSTinubu transmits executive bills to overhaul NDLEA, NSIB, replaces ASCONSuspected Fake Surgeon Arrested In Rivers State, Eight Facilities SealedNAFDAC seizes ‘N200m’ fake alcohol packaging materials in AbiaReport: Trump considering deploying ‘mother of all bombs’ in IranBREAKING: Finland’s appeal court cuts Simon Ekpa’s terrorism sentence to four yearsNSCDC Uncovers Underground Tunnels, Suspected Drug Den In DeltaNigeria elected to UN human rights councilTerrorists hit Borno military post, soldiers feared killedIMF Warns Nigeria Against Restoring Petrol SubsidyEx-gang boss Keffe D sentenced to 40 years for Tupac’s murderTerrorists deploy AI, crypto to evade security agencies – RibaduCatholic diocese shuts schools, hospital over Benue attacksNAFDAC uncovers fake drinks den in Lagos, arrests two20 killed’ as gunmen ambush traders, security operatives in ZamfaraTroops kill 40 ISWAP fighters, Lakurawa militantIMF Urges Targeted Cash Transfers For Nigeria’s PoorRetired Police Officers Give FG October 15 Deadline Over Pension DemandsChild soldier: US threatens to cut military aid to NigeriaPFIPC: Court Strikes Out Charges Against ‘Fake’ DG Adeyemi, FG Files Fresh ChargeRiyadh airport hit by fresh Houthi strike day after deadly attackState Police, Police Pensions, Custodial Deaths and the Continuing Struggle for AccountabilityUS names 24 Nigerians arrested over fraud, money laundering‘It’s Up To Our People To Pick Another Leader,’ Ukraine’s Zelensky Tells TrumpOne year after airstrike destroyed his home, Imo businessman pleads for justice, as authorities remain silent109 Migrants Dead, 116 Missing In Boat Wreck Off Djibouti12 killed, hundreds injured as militia attacks Riyadh airport in Saudi ArabiaNDLEA re-arrests 83-year-old woman with ‘illicit drugs’ in AbiaSERAP sues CBN over $6.23m election funds, N1.63tn othersSuspected herdsmen kill nine in fresh Benue attacksINEC Clears Chinda, Lulu-Briggs, Pidomson, 16 Others For 2027 RiversTrump: I think it’s time for Ukraine to get a new presidentWhy UK varsities are cancelling Nigerians’ admission — ReportPolice officer killed in machete attack in Plateau communityLakurawa attack kills two soldiers, Chinese in KebbiFG to offer petrol discount at NNPC filling stations for next 30 daysRussian Strike On Buses Kills 30 In Frontline Ukrainian CityOnitsha South Stakeholders Forum rates immediate past Onitsha South Mayor’s performances too abysmalGroup hails coroner’s findings on victim’s death at police facility in ImoAbducted 20 corps members regain freedom in ImoSecurity agents kill ISWAP commander in OndoTragedy as 32 die in crashed Air Force plane in Ondo SERAP Urges Tinubu To Order Probe Into Alleged ₦94.4bn Oil Fund IrregularitiesImo NYSC Abduction: Police Locate Kidnappers’ Camp, Say Location Mined With IEDsKidnappers give parents of abducted corps members 24 hours to pay N1bn ransomNDLEA intercepts N5bn drugs at ports, arrests Milan-bound businessmanSack Konti, Ochudo now for abuse of ARTMA objectives, Anambra Stakeholders Forum tells SoludoEXTRA: Edo APC chair threatens ‘AK-47 fire’ against opponents of 2.5m votes target for Tinubu18 Passengers, Two Others Killed In Plateau Road CrashTerrorists kill 15 farmers in BornoGunmen kidnap travellers in ImoWorkers declare three-day warning strikeFULL TEXT] Nigeria @66: Tinubu declares ‘age of prosperity’ after three years of reformsFlood kills 9 in Bauchi mining pitEXTRA: Tinubu should remove me as minister if he loses FCT, Rivers in 2027— WikeCourt remands ‘fake’ PFIPC DG Adeniyi in prisonTwo Nigerians bag 189 months for $2.4m US cyber fraudSuspected Bandits Abduct Farmers In Niger State, Demand ₦2m Ransom EachCourt orders final forfeiture of 431 phones seized from Chinese suspectsCourt sentences four to death over kidnapping in EdoFrom Obohia to Adakam: Who Controls the Guns in Our Communities?Nigeria demands justice over death of 3 nationals in South AfricaDelta dep director’s killing: Police arrest commissioner, 3 othersDSS Secures Death Sentence For Suspect In Sokoto Kidnap, Killing CaseAlleged Murder: DSS Arraigns Four IPOB Members Over Operative’s KillingRivers Assembly Endorses Constitutional Amendment On State PoliceDon’t travel to Libya, hardship worse there, FIJ founder Soyombo warns NigeriansNigeria seeks fresh $1.5bn World Bank loan27 dead in South Africa mass shootingsNDLEA Arrests Newlywed With 72 Wraps Of Cocaine At Enugu AirportMan allegedly kills 80-year-old father in KatsinaSERAP gives CBN 7 days to account for allegedly diverted $6.23m election funds, ₦1.63trn other public fundsTrump Rejects Iran Proposal For Deal To Reopen HormuzGunmen kill miners in PlateauNigerian man shot dead in South AfricaNECO Releases 2026 SSCE Results, 58.67% Secures Five CreditsNDLEA dismantles Nigerian-Mexican meth cartel in Enugu, arrests two kingpinsJudge orders Trump to restore White House access to CNN, MS NOW and PoliticoCanada warns citizens against unregulated alcohol in NigeriaFour Persons Killed As Mining Pit Collapses In PlateauFuel Under-Dispensing: PETROAN Orders Members To ‘Check’ Meters NationwidePolice recover 52 stolen vehicles, nab 177 criminals in one week — OfficialICC convicts ex-Central Africa rebel leader for crimes against humanityNigerian pleads guilty to defrauding 150 Americans in $2.5m romance schemeGunmen kill security operative, three civilians in PlateauPolice nab man for abduction, sexual abuse of five young girls in EdoI’ll never support Uzodimma to be senate president, says WikeJAMB sacks staff for extorting candidates12 killed in Plateau attacksFlood: 8,000 communities, 4,500 schools at risk – FGNSCDC arrests suspended Niger state commandant, 23 personnel over deaths of 37 ‘illegal’ minersShettima to lead Nigeria’s delegation to 81st UNGA
Fri. Oct 16th, 2026
Trending News: ’20 injured, 50 houses damaged’ as gas pipeline explodes in RiversArmy arrests fake soldier accused of defrauding Gombe, Bauchi womenCorps member dies in Orientation campBandits fleeing Zamfara kill 5, burn houses in NigerNo Plan To Increase Electricity Tariff, FG InsistsNo Vacancy In Senate Presidency, Senators DeclareCourt Sentences Two Boko Haram Supporters To Life ImprisonmentUS supreme court to hear asylum case of Nigerian who ‘cooked for Unknown Gunmen’Nigeria’s inflation dropped to 14.63% in September, says NBSTinubu transmits executive bills to overhaul NDLEA, NSIB, replaces ASCONSuspected Fake Surgeon Arrested In Rivers State, Eight Facilities SealedNAFDAC seizes ‘N200m’ fake alcohol packaging materials in AbiaReport: Trump considering deploying ‘mother of all bombs’ in IranBREAKING: Finland’s appeal court cuts Simon Ekpa’s terrorism sentence to four yearsNSCDC Uncovers Underground Tunnels, Suspected Drug Den In DeltaNigeria elected to UN human rights councilTerrorists hit Borno military post, soldiers feared killedIMF Warns Nigeria Against Restoring Petrol SubsidyEx-gang boss Keffe D sentenced to 40 years for Tupac’s murderTerrorists deploy AI, crypto to evade security agencies – RibaduCatholic diocese shuts schools, hospital over Benue attacksNAFDAC uncovers fake drinks den in Lagos, arrests two20 killed’ as gunmen ambush traders, security operatives in ZamfaraTroops kill 40 ISWAP fighters, Lakurawa militantIMF Urges Targeted Cash Transfers For Nigeria’s PoorRetired Police Officers Give FG October 15 Deadline Over Pension DemandsChild soldier: US threatens to cut military aid to NigeriaPFIPC: Court Strikes Out Charges Against ‘Fake’ DG Adeyemi, FG Files Fresh ChargeRiyadh airport hit by fresh Houthi strike day after deadly attackState Police, Police Pensions, Custodial Deaths and the Continuing Struggle for AccountabilityUS names 24 Nigerians arrested over fraud, money laundering‘It’s Up To Our People To Pick Another Leader,’ Ukraine’s Zelensky Tells TrumpOne year after airstrike destroyed his home, Imo businessman pleads for justice, as authorities remain silent109 Migrants Dead, 116 Missing In Boat Wreck Off Djibouti12 killed, hundreds injured as militia attacks Riyadh airport in Saudi ArabiaNDLEA re-arrests 83-year-old woman with ‘illicit drugs’ in AbiaSERAP sues CBN over $6.23m election funds, N1.63tn othersSuspected herdsmen kill nine in fresh Benue attacksINEC Clears Chinda, Lulu-Briggs, Pidomson, 16 Others For 2027 RiversTrump: I think it’s time for Ukraine to get a new presidentWhy UK varsities are cancelling Nigerians’ admission — ReportPolice officer killed in machete attack in Plateau communityLakurawa attack kills two soldiers, Chinese in KebbiFG to offer petrol discount at NNPC filling stations for next 30 daysRussian Strike On Buses Kills 30 In Frontline Ukrainian CityOnitsha South Stakeholders Forum rates immediate past Onitsha South Mayor’s performances too abysmalGroup hails coroner’s findings on victim’s death at police facility in ImoAbducted 20 corps members regain freedom in ImoSecurity agents kill ISWAP commander in OndoTragedy as 32 die in crashed Air Force plane in Ondo SERAP Urges Tinubu To Order Probe Into Alleged ₦94.4bn Oil Fund IrregularitiesImo NYSC Abduction: Police Locate Kidnappers’ Camp, Say Location Mined With IEDsKidnappers give parents of abducted corps members 24 hours to pay N1bn ransomNDLEA intercepts N5bn drugs at ports, arrests Milan-bound businessmanSack Konti, Ochudo now for abuse of ARTMA objectives, Anambra Stakeholders Forum tells SoludoEXTRA: Edo APC chair threatens ‘AK-47 fire’ against opponents of 2.5m votes target for Tinubu18 Passengers, Two Others Killed In Plateau Road CrashTerrorists kill 15 farmers in BornoGunmen kidnap travellers in ImoWorkers declare three-day warning strikeFULL TEXT] Nigeria @66: Tinubu declares ‘age of prosperity’ after three years of reformsFlood kills 9 in Bauchi mining pitEXTRA: Tinubu should remove me as minister if he loses FCT, Rivers in 2027— WikeCourt remands ‘fake’ PFIPC DG Adeniyi in prisonTwo Nigerians bag 189 months for $2.4m US cyber fraudSuspected Bandits Abduct Farmers In Niger State, Demand ₦2m Ransom EachCourt orders final forfeiture of 431 phones seized from Chinese suspectsCourt sentences four to death over kidnapping in EdoFrom Obohia to Adakam: Who Controls the Guns in Our Communities?Nigeria demands justice over death of 3 nationals in South AfricaDelta dep director’s killing: Police arrest commissioner, 3 othersDSS Secures Death Sentence For Suspect In Sokoto Kidnap, Killing CaseAlleged Murder: DSS Arraigns Four IPOB Members Over Operative’s KillingRivers Assembly Endorses Constitutional Amendment On State PoliceDon’t travel to Libya, hardship worse there, FIJ founder Soyombo warns NigeriansNigeria seeks fresh $1.5bn World Bank loan27 dead in South Africa mass shootingsNDLEA Arrests Newlywed With 72 Wraps Of Cocaine At Enugu AirportMan allegedly kills 80-year-old father in KatsinaSERAP gives CBN 7 days to account for allegedly diverted $6.23m election funds, ₦1.63trn other public fundsTrump Rejects Iran Proposal For Deal To Reopen HormuzGunmen kill miners in PlateauNigerian man shot dead in South AfricaNECO Releases 2026 SSCE Results, 58.67% Secures Five CreditsNDLEA dismantles Nigerian-Mexican meth cartel in Enugu, arrests two kingpinsJudge orders Trump to restore White House access to CNN, MS NOW and PoliticoCanada warns citizens against unregulated alcohol in NigeriaFour Persons Killed As Mining Pit Collapses In PlateauFuel Under-Dispensing: PETROAN Orders Members To ‘Check’ Meters NationwidePolice recover 52 stolen vehicles, nab 177 criminals in one week — OfficialICC convicts ex-Central Africa rebel leader for crimes against humanityNigerian pleads guilty to defrauding 150 Americans in $2.5m romance schemeGunmen kill security operative, three civilians in PlateauPolice nab man for abduction, sexual abuse of five young girls in EdoI’ll never support Uzodimma to be senate president, says WikeJAMB sacks staff for extorting candidates12 killed in Plateau attacksFlood: 8,000 communities, 4,500 schools at risk – FGNSCDC arrests suspended Niger state commandant, 23 personnel over deaths of 37 ‘illegal’ minersShettima to lead Nigeria’s delegation to 81st UNGA
Fri. Oct 16th, 2026

Naira depreciates to N1,175/$ in parallel market

 

The naira yesterday depreciated to N1,175 per dollar in the parallel market from N1,100 per dollar on Wednesday.

However, the naira appreciated in the Nigerian Foreign Exchange Market (NAFEM) yesterday to N782.68 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N782.68 per dollar from N790.68 per dollar on Tuesday, indicating N8 appreciation for the naira. The volume of dollars traded in NAFEM rose by 39 percent to $97.47 million from $69.88 million on Wednesd
ay.
Consequently, the gap between the official and parallel market exchange rates widened to N392.32 per dollar yesterday from N309.32 per dollar on Wednesday.

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