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Nigerian Naira continues to face challenges in the foreign exchange market, especially in the parallel (black market) segment. As of May 19, 2025, the exchange rate has hit a new benchmark. What’s the USD to Naira Rate Today? If you’re planning to exchange dollars on the black market today, here’s what you should expect: Buy Rate: ₦1,630 per $1 Sell Rate: ₦1,625 per $1 These figures are based on the Aboki FX-style rates from local currency dealers. Of course, rates can vary depending on location and the individual bureau de change. Why Is the Naira Losing Value? There are several reasons behind the ongoing depreciation of the Naira in the parallel market: 1. Inflation – Nigeria’s inflation rate remains high, weakening the purchasing power of the Naira. 2. Low Foreign Reserves – The Central Bank of Nigeria (CBN) has limited reserves to support the official exchange rate. 3. Policy Shifts – In 2023, the CBN removed the currency peg, allowing the Naira to float, which caused an immediate...

Ahmed Ololade , popularly known as Asake, is one of Nigeria’s fastest-rising Afrobeats sensations. Known for his electrifying stage presence and a fusion of Yoruba street vibes, Amapiano, and Afrofusion, Asake has become a household name in African music. Here's everything you need to know about Asake’s biography, net worth, music career, and personal life. Image credit: Pinterest  Early Life and Background Born on January 13, 1995, in Lagos State, Nigeria, Asake grew up in a Yoruba Muslim household. His stage name “Asake” is derived from his mother's name, a tribute to his roots. He developed an early interest in dance and the performing arts, which later evolved into a passion for music. Asake studied Theatre and Dramatic Arts at Obafemi Awolowo University (OAU), a background that still influences his music videos and performances today. Music Career and Rise to Fame Although Asake began releasing music independently around 2018, he gained widespread attention in 2022 after s...

Full Name: Divine Ikubor Stage Name: Rema Date of Birth: May 1, 2000 Place of Birth: Benin City, Edo State, Nigeria Nationality: Nigerian Occupation: Singer, Songwriter, Rapper Genre: Afrobeats, Trap, Pop, Hip-Hop Record Labels: Jonzing World (a subsidiary of Mavin Records), Virgin Music Early Life and Background Rema was born and raised in Benin City, Edo State, Nigeria. He grew up in a Christian household and was actively involved in his church choir from a young age, which helped shape his musical talent. Tragically, he lost both his father and older brother while still young, an experience that deeply influenced his life and artistry. Career Breakthrough Rema rose to fame in 2019 when he signed with Jonzing World, a label affiliated with Mavin Records, founded by Don Jazzy. His debut self-titled EP "Rema" gained instant success with hit tracks like “Dumebi,” which went viral across Nigeria and beyond. His unique fusion of Afrobeats, trap, and pop qui...

Blord , whose real name is Linus Williams Ifejika, has become a household name in Nigeria’s tech and cryptocurrency space. Rising from humble beginnings, he has carved a niche for himself as one of the country’s most influential and controversial crypto entrepreneurs. Early Life and Background Born in Anambra State, Nigeria, Blord’s journey into tech and finance began at a young age. Fascinated by computers and the internet, he taught himself programming and cybersecurity, eventually diving into the world of cryptocurrencies. His early years were marked by struggle and rejection, but his persistence set the stage for a remarkable transformation. The Rise of Blord Blord gained notoriety through his involvement in cryptocurrency trading and blockchain technology. As crypto started gaining traction in Nigeria, he capitalized on the opportunity, becoming a leading figure in the industry. He founded several tech ventures under the “Blord Group,” which reportedly span crypto trading, blockch...