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Naira Records Highest Depreciation Against Dollar At Black Market

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The naira recorded the highest depreciation against the dollar at the parallel foreign exchange market on Wednesday.

A Bureau de Change operator in Wuse Zone 4, Abuja, Abubakar Alhasan, confirmed to DAILY POST that the FX rate weakened to N1625 per dollar on Wednesday from N1610 traded on Tuesday.

READ ALSO: Naira Depreciates In Parallel Market

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We buy at N1618 per dollar and sell at N1625 per dollar on Wednesday,” he said.

This showed that the naira dropped by N15, the highest depreciation against the dollar since this week began.

Similarly, at the official market, the naira dropped further to N1,608.60 on Wednesday from N1,605.62 exchanged the previous day.

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The naira has continued to depreciate against the dollar at the official market in the past three days.

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Navy Opens Recruitment For Basic Training School Batch 38

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The Nigerian Navy has opened applications for its Basic Training School (BTS) Batch 38 recruitment exercise, scheduled to run from October 2 to October 31, 2025.

According to an official statement, the recruitment process is free, and interested applicants must submit their applications online at https://www.joinnigeriannavy.navy.mil.ng/https://www.joinnigeriannavy.navy.mil.ng.

Successful candidates will undergo basic military training before being officially enlisted as Ordinary Seamen.

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The Navy stressed that eligibility is restricted to Nigerian citizens by birth with a valid National Identification Number (NIN). Applicants must have no criminal record and must not be affiliated with secret societies, cults, or fraternities.

READ ALSO:NUC Begins Nationwide Recruitment, Opens Application Portal

Educational and age requirements were clearly outlined. Candidates applying with O’level results must be between 18 and 22 years old as of December 31, 2025.

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Those with OND/NCE qualifications must be aged 18 to 26, while Chaplain/Imam Assistants and Drivers/Mechanics must fall within the 18 to 28 age bracket.

In all cases, applicants are required to have at least five credits, including English Language and Mathematics, obtained in not more than two sittings in WAEC, NECO, GCE, or NABTEB, with certificates not older than 2015.

The Navy added that special professions, such as Medical Assistants and Nurses, require proof of registration with relevant professional bodies.

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READ ALSO:Air Peace Announces Recruitment For 1,000 Fresh Graduates [SEE How To APPLY]

Applicants for technical trades including tailoring, plumbing, carpentry, welding, and electrical works must present valid Trade Test certificates in addition to academic qualifications.

Similarly, candidates applying as sportsmen and women are expected to provide certificates and medals as evidence of their sporting achievements.

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The recruitment examination is scheduled for November 29, 2025, at designated centers nationwide.

READ ALSO:UK Bars Over 100 Job Roles From Foreign Recruitment To Curb Migration

Candidates are required to bring their Attestation Form, duly signed with a passport photograph of the signer, along with valid identification such as a Driver’s License, International Passport, or National ID Card.

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Applicants have been cautioned against multiple applications, which will lead to disqualification.

The Navy further advised candidates to seek clarification only through official communication channels provided on the recruitment portal.

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BREAKING: Gov Fubara Dissolves Rivers Pension Board

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Governor Siminalayi Fubara of Rivers State has dissolved the State Pensions Board with immediate effect.

Rivers State Head of Service Mrs Inyingi Brown made this announcement on Friday in Port Harcourt.

READ ALSO:Why I Visited Tinubu —Gov Fubara

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According to the governor, the office of the State Accountant General will handle the functions of the board until a new one is constituted.

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FAAN Launches Cashless Payment System Across Airports

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The Federal Airports Authority of Nigeria (FAAN) has launched the cashless system of payment across all airports.

FAAN in partnership with Paystack, is proud to announce the roll out of OPERATION GO CASHLESS, a cashless contactless payment solution across all airports beginning with Murtala Muhammed International Airport, Lagos, and Nnamdi Azikiwe International Airport, Abuja,” the agency said in a communique on Thursday.

Effective September 29, 2025, all payments at FAAN’s revenue points, including airport Access Gates, Car Parks, FAAN VIP and Protocol Lounges will go cashless which means the agency will be phasing out the collection of cash at these points.

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FAAN added that travelers and airport users will now enjoy fast and seamless services by using a secure contactless payment option.

READ ALSO:Account For Airport Toll Gate Revenue Since 2015, Court Orders FAAN

This initiative, it stated, is a response to the growing demand for safe, modern, and transparent payment systems while ensuring Nigeria’s airports remain aligned with global digital trends.

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By reducing reliance on cash, FAAN said it aims to enhance efficiency, improve revenue assurance, and deliver a better customer experience at our airports.

To ease the transition, trained brand ambassadors have been deployed at access gates and around the terminals to guide users, assist with onboarding, provide demonstrations, and answer questions they may have.

READ ALSO:FAAN Clears Air On Plane Seen On Lagos Road

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In addition, passengers have been directed to obtain a FAAN Go Cashless Card at any airport access gate in Lagos and Abuja.

After collection, users are encouraged to activate and fund their cards immediately by visiting www.gocashless. faan.gov.ng.

FAAN added that it remains committed to continuous improvement and will expand this cashless policy to other airports nationwide in phases.

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For inquiries, airport users have also been advised to contact FAAN’s support line at 0700 CBS FAAN (0700 227 3226) or email the agency at gocashlesssupport@faan.gov.ng.

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