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Dollar to Naira exchange rate today, December 9, 2025

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The Nigerian Naira has maintained a relatively stable position against the US Dollar in both the official and parallel markets as trading opens today, Tuesday, December 9, 2025.

Market data indicates a continued convergence between the official Nigerian Foreign Exchange Market (NFEM) rates and the street markets, driven by recent monetary policy shifts and improved foreign exchange liquidity.

Official NAFEM Rates

In the official market, the Naira is currently trading at an average of ₦1,450.92 to the dollar, according to data from the FMDQ and major trading platforms like Xe. This represents a period of sustained stability for the local currency, which has hovered between the ₦1,450 and ₦1,460 band in recent weeks.

Market analysts attribute this stability to increased foreign inflows and the impact of the US Federal Reserve’s recent interest rate adjustments. The dovish stance taken by the Fed in late 2025 has softened the greenback globally, allowing emerging market currencies like the Naira to regain some ground.

Parallel Market Rates

On the parallel market, often referred to as the black market, the exchange rate has shown a similar trend of moderation. Currency dealers in Lagos and Abuja are exchanging the dollar at a selling rate of approximately ₦1,490 and a buying rate of ₦1,475 today.

Data from Aboki Forex and other street tracking platforms confirms that the gap between the official and parallel market rates has narrowed significantly compared to previous years, now standing at a margin of roughly ₦40. This reduced disparity is often cited by economists as a sign of improved market efficiency and reduced arbitrage opportunities.

Market Outlook

Financial experts point to the Central Bank of Nigeria’s persistent reforms and the recent accumulation of foreign reserves as key factors supporting the Naira’s value. Additionally, the expectations of further rate cuts by the US Federal Reserve later this month are bolstering investor confidence in Nigerian assets, keeping the exchange rate volatility in check as the year draws to a close.

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NELFUND Beneficiaries Donate N10.7 Million to Back President Tinubu’s Re-Election

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Beneficiaries of the Nigerian Education Loan Fund (NELFUND) in Anambra State have endorsed President Bola Tinubu for a second term in office and donated N10,735,500 towards the purchase of his expression of interest form. Speaking at Chukwuemeka Odumegwu Ojukwu University in Igbariam on Friday, the Chairman of the National Association of Nigerian Students Joint Campus Council in Anambra State, Ifeanyichukwu Chukwuemeka, described the gesture as a show of appreciation for Tinubu’s educational reforms and youth-focused policies. The students said the endorsement recognises the impact of the loan scheme on access to higher education.

Key Points:

Students who benefited from government loans are now publicly backing the president’s re-election.
The N10.7 million donation raises questions about where students sourced such a large sum.
Other NELFUND beneficiaries across Nigeria may feel pressure to show similar political support.
The president’s educational policies gain visible grassroots validation from direct beneficiaries.
The timing of this endorsement, well before the 2027 election, helps build early momentum for Tinubu’s campaign.

Sources: The Punch

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Police Rescue Four Kidnapped Children from Suspected Traffickers at Lagos Bus Terminal

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Operatives of the Lagos State Police Command have rescued four kidnapped children from suspected traffickers at the Alafia Bus Terminal in Coker-Orile and reunited them with their families.

The rescue occurred on Thursday, May 8, 2026, at about 11:40 p.m. during a routine patrol. The children were found with an unidentified woman who was about to board a luxurious bus heading out of Lagos State. The suspect abandoned the children and fled when she noticed the approaching patrol officers. The children had allegedly been kidnapped from the Ijesha-Tedo area of Lagos.

Key Points:

Four families can sleep peacefully knowing their children have been returned safely.
The suspect fleeing on sight suggests an organised child trafficking network operating in Lagos.
Late-night travel with unrelated children should raise red flags for transport workers and passengers.
The police patrol’s vigilance at a bus terminal shows the importance of routine checks in public spaces.

Sources: Vanguard

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Speaker Abbas Tajudeen Declares Fifth-Term Bid to Represent Zaria Constituency

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Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, on Saturday, launched his fifth-term bid at a grand ceremony in Zaria, Kaduna State. Declaring his intention at the Mallawa Eid Ground, Abbas listed the democratic dividends his representation has attracted to Zaria Federal Constituency.

Thousands of supporters embarked on a solidarity walk before the declaration. Abbas stated he has sponsored 74 bills, with 21 signed into law, and distributed 117 vehicles, 200 tricycles, 1,000 motorcycles, and direct financial support to over 4,000 beneficiaries. Abbas was first elected to the House of Representatives in 2011.

Key Points:

Constituents who have benefited from Abbas’s empowerment programmes may feel motivated to re-elect him.
Opponents may question whether representing the same constituency for five terms limits fresh perspectives.
The Speaker’s focus on constituency projects sets a benchmark for other lawmakers seeking re-election.
His legislative record (74 bills, 21 signed into law) provides measurable evidence of parliamentary activity.
The timing of this declaration, ahead of the 2027 elections, allows Abbas to consolidate grassroots support early.

Sources: Daily Trust

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