VIRAL NEWS
Naira/Dollar rates today, October 16, as naira faces pressure at black market
The naira maintained stability in the mid-₦1,400 range on official foreign exchange platforms on Wednesday, while the parallel market continued to quote significantly higher rates, hovering between ₦1,485 and ₦1,505 per dollar.
At the official Daily Nigerian Foreign Exchange Market (NFEM) — the Central Bank of Nigeria’s benchmark window — trading closed around ₦1,460 to ₦1,475 per dollar, reflecting limited fluctuations during the day.
Widening parallel market gap
Currency traders in Lagos and other major cities continued to sell the US dollar at a premium, with most quoting around ₦1,505.
This marks a spread of about ₦20–₦45 between the official and black market midpoints, underlining persistent dollar shortages and the country’s ongoing dual exchange rate system.
Reasons for the persistent spread
Market analysts say the disparity remains largely driven by high demand from importers and businesses struggling to access dollars through official channels. Many still turn to parallel dealers when bank supply slows down.
Although inflation has slightly eased, shifts in liquidity and policy directions continue to impact short-term exchange rates and market confidence.
Impact on individuals and businesses
The sustained gap means importers and traders paying for goods in dollars face higher costs when relying on the black market.
Conversely, those receiving foreign remittances may experience varying exchange values depending on whether they use official bank transfers or cash-based transactions at retail exchange points.
A dramatic scene unfolded at a wedding after a groom slapped a lady who packed money that was sprayed on him while dancing.
The incident occured in Port Harcourt, Rivers State, and was captured in a now‑viral TikTok video posted by @Blessing Lawrence.
Meanwhile, the identity of the lady who was slapped at the wedding remains unknown.
Details Of The Video
The clip, which has garnered over 14,000 likes, shows the groom chasing the lady, slapping her, and collecting Naira notes from her.
After the incident, the groom is seen with his bride dancing to a hit song by Rema.
The newlyweds donned matching outfits, their excitement palpable as they danced.
Read Caption Below…..
That slap sweet me eh Because some people are truly disgraceful. How do you attend someone’s event and shamelessly start packing the money sprayed on them? Do you know how much that person spent to make that day happen?.
I almost had an issue with one grown man who tried the same nonsense this girl did. I honestly wish I slapped sense into him the way my brother reset this girl’s brain.”
Meanwhile, the post’s comment section has been flooded with TikTok users sharing their thoughts and opinions about the incident, which has gone viral online.
Watch video below…….
Sophia Momodu, who was once in a relationship with Davido, has addressed some untrue stories about their daughter Imade. She shared a detailed message on her Instagram story to set the record straight about what’s really going on. Sophia made it clear that her daughter is doing well, is in good health, and is growing up in a caring and loving home.
The mother of one revealed that she has been the child’s primary caregiver for the past five years, covering all expenses except school fees, which have been handled kindly by the child’s paternal grandparent.
Addressing claims about child support, Sophia stated:
“I haven’t received any child support from Davido, but our child knows no lack. She is growing in a safe and loving environment and is very happy.”
He also said that she has given up all past and future child support claims and is fully responsible for her daughter’s financial needs.Sophia also mentioned that her daughter has a good relationship with both parents and asked people to stop putting her child in fake stories online.This comes after someone said she stopped their daughter from going to Davido’s 33rd birthday party in Atlanta.Sophia Momodu’s message shows that a child’s happiness and safety should always be the main concern, and that gossip on social media should never take away from love, support, and responsibility.
Check post below…
A Nigerian man has taken to social media, revealing the next spot bandits hit after the church attack in Eruku, Kwara State.
It would be recalled that tragedy struck on November 18, 2025 after gunmen stormed the Christ Apostolic Church in Eruku.
A .survivor told TVC that the attackers opened fire just minutes into the evening service, killing three people and abducting about 38 congregants, who have been released.
Man Reacts To Kwara Church Attack
The man identified by the X handle @Theyemiking, after the bandits attacked the church in Eruku, they launched an attack in Isapa.
In his viral tweet, he pointed out that Isapa is only a 20‑minute drive from Eruku.
Read Tweet Below……
Isapa is 20 minutes from Eruku by driving.
If the bandits weren’t rewarded for the Eruku abductions, they won’t have gone to Isapa.What you reward becomes culture.When would the government consider mercenaries instead of paying ransoms?.
Earlier, GistReel reported that the 38 congregants were freed on November 23 2025.
This was announced by President Bola Tinubu announced in a recent post on X (formerly Twitter).
He expressed gratitude to the security forces for their hands‑on effort.
The announcement came after Kwara state governor, AbdulRahman AbdulRazaq, credited Tinubu’s personal intervention for the release of the abducted congregants.
See below….