ICPC WRITES TO CONFIRM THAT IT RECEIVED A FORMAL PETITION TODAY TUESDAY 16TH DECEMBER, 2025 FROM ALHAJI ALIKO DANGOTE THROUGH HIS LAWYER. (PHOTO). #PRESS RELEASE

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 INDEPENDENT CORRUPT PRACTICES AND OTHER RELATED OFFENCES COMMISSION (ICPC) Tuesday 16th December, 2025 MEDIA RELEASE The Independent Corrupt Practices and Other Related Offences Commission (ICPC) writes to confirm that it received a formal petition today Tuesday 16th December, 2025 from Alhaji Aliko Dangote through his lawyer. The petition is against the CEO of the NMDPRA, Alhaji Farouk Ahmed. The ICPC wishes to state that the petition will be duly investigated. John Okor Odey  Spokesperson  ICPC
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NAIRA STRENGTHENS BY 7.43% TO N1750 AGAINST DOLLAR AT THE BLACK MARKET. (PHOTO).

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 Naira strengthens by 7.43% to N1750 against dollar at the black market 


The Naira witnessed a notable surge on Thursday, reaching a high of N1750 per dollar in the parallel market, commonly known as the black market.


This surge represents a substantial 7.43% increase, with the currency strengthening by N130.00 compared to the previous day’s closing rate of N1,880.


The surge coincides with Nigeria’s intensified efforts to counter the ongoing depreciation of the Naira.


In response to the currency’s decline, Nigeria has ramped up measures to stabilize its value. These efforts include cracking down on informal foreign currency street traders and targeting a popular cryptocurrency trading platform.


Throughout the week, the naira experienced a significant decline in value, hitting a low of N1,880 to the dollar on Thursday.  


This depreciation has widened the disparity between the unofficial market rate and the official rate of the naira, presenting challenges to the government’s goal of unifying the two rates. 


Despite the Central Bank of Nigeria’s implementation of various policies aimed at boosting the supply of foreign exchange (forex), these developments persist, underscoring the complexities of managing currency stability in the face of economic challenges.

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