Naira

The Naira on Tuesday closed at N359.5 to a dollar at the parallel market in Lagos, newsmen reports.

The abducted Nigeria Police athlete, Constable Esther Okpokwe, has been released by suspected kidnappers who seized her on her way to the 3rd Governor Dickson Wrestling Classics in Yenegoa, Bayelsa State, on Sunday.

An economist, Dr Boniface Chizea, has urged commercial banks and the Central Bank of Nigeria (CBN) to work together to ensure the proposed re-capitalisation had positive impacts on their operations and economy at large.

Malam Umar Aminu-Imam, President, Environmental Health Officers Association of Nigeria (EHOAN), has said that 13,687,500 Nigerians battled with malaria annually.

The immediate past Ondo State Deputy Governor, Alhaji Lasisi Oluboyo, on Thursday faulted the judgment of an Akure High Court that declared him not qualified to benefit from the pension and other entitlements for governors and deputy governors for life.

The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded last Tuesday.

Nigeria’s central bank said it made no change to its naira policies, after a revision on its website led some analysts to speculate that it was ending a system of multiple exchange rates.

Timi Frank, political activist and former Deputy National Publicity Secretary of the All Progressives Congress (APC), has alleged that President Muhammadu Buhari was benefiting from corruption and therefore has lost moral right to continue the so-called anti-corruption fight.

There are hidden economic opportunities in taxation which government should explore by brining more people into the tax net, the Executive Vice Chairman, Alpha African Advisory, Mustafa Chike-Obi, has said.

The FCT Police Command has arrested six suspects for illegally trading in different denominations of new naira currency.

As President Muhammadu Buhari takes oath of office for a second term on Wednesday, legal luminary and founder of Afe Babalola University, Ado Ekiti, Chief Afe Babalola, has said restructuring remains the way out of the country’s problems.

The Economic and Financial Crimes Commission, EFCC, Sokoto zonal office, on Tuesday, May 28, 2019 arrested one suspected politician with N60, 000, 000 (Sixty Million Naira) cash, following intelligent report of his suspicious money laundering activities.

The naira on Monday traded at N359.04 to the dollar at the parallel market in Lagos.

The National Emergency Management Agency (NEMA), has disclosed that it has found over fifteen thousand (15000) Internally Displaced Persons (IDPs) from twenty-seven communities affected by banditry attacks from Zamfara and Sokoto States in Guidan Roumji about five kilometers away from Maradi in the Republic of Niger.

President Muhammadu Buhari’s wife, Aisha, has rubbished the N500bn Social Investment Programme of her husband’s administration, saying that it failed “woefully” in the North in particular.

Thousands of Zaria residents at the weekend, protested against what they called `fraud, intimidation and over billing of consumers by Kaduna Electricity Distribution Company (KEDC) and threatened legal action against the company.

A member of the Bauchi State House of Assembly representing Lere/Bula Constituency, Hon. Aminu Tukur, has finally left the All Progressives Congress.

The Concessionaire of Funtua Inland Dry Port (FID) on Thursday said over 20 million dollars intervention fund would be needed to get the port operational within a year.