Naira Depreciates Against Three Currencies At Interbank Market

-

The Naira depreciated against three currencies at the interbank market on Wednesday.

The local unit depreciated by 0.23 percent to 314 Naira 92 kobo to the Dollar, 3.13 percent to 422 Naira 64 kobo to the Pound and by 0.33 percent 352 Naira 46 kobo to the Euro.

At the parallel market, the Naira firmed by 0.47 percent to 423 against the Dollar, but fell 0.56 percent to 540 against the British Pound, and traded flat at 465 against the Euro.

Traders are optimistic that the Naira may appreciate this week, following the re-reinstatement of the eight banks previously banned by the Central Bank Nigeria (CBN) from the Forex market, and the licensing of 11 new international money transfer operators, to address the Dollar supply.


© Channels tv 

Comments

Post a Comment

You Can Also Read

BREAKING: FG lifts Twitter ban, after 222 days

-
Image
The President, President  Muhammadu Buhari  has lifted the suspension on Twitter operations in the country, effective from 12 am, January 13, 2022. This was disclosed in a press statement on Wednesday signed by the Director-General of the National Information Technology Development Agency and Chairman Technical Committee Nigeria-Twitter Engagement, Kashifu Abdullahi. The statement read in part, “The Federal Government of Nigeria directs me to inform the public that President Muhammadu Buhari, has approved the lifting of the suspension of Twitter operation in Nigeria effective from 12 am tonight, January 13, 2022. “The approval was given following a memo written to the President by the Minister of Communications and Digital Economy, Prof Isa Pantami.” Details later 
Read more

Fastest PL Hat-trick

-
Southampton's Sadio Mane scored his treble in two minutes and 56 seconds Southampton’s Sadio Mane set a Premier League record for the fastest ever Premier League hat-trick with his astonishing treble in two minutes and 56 seconds against Aston Villa. Mane’s hat-trick comfortably beat the previous record held by Robbie Fowler, who famously netted three times in four minutes and 33 seconds for Liverpool against Arsenal in 1994. The 23-year-old started his remarkable treble in the 13th minute at St Mary’s Stadium when he rolled the ball into an empty net after getting a fortunate deflection off Villa goalkeeper Shay Given. Mane’s second came just 84 seconds later when he latched onto Ron Vlaar’s underhit backpass and beat Given again, and he completed his treble with a superb first-time finish into the top corner from Shane Long’s cut-back, making him the only player in Premier League history to have scored three goals in the first 16 minutes of a ma...
Read more

APC's Abubakar wins in Bauchi

-
In Bauchi State, Mr Mohammed Abubakar of the APC won the governorship election. Abubakar scored 654,934 votes to beat his main challenger, Auwal Jatau of the PDP who scored 282,650 votes across the 20 local councils of the state. Abubakar won in 19 local councils while Jatau, who won only in Bogoro local government area of the state where he polled 16,980 votes as against the APC which had 9,914 votes. The Bauchi State returning officer, Mohammed Kabiru Faruk, a Professor and Vice Chancellor of the Federal University, Kashere, Gombe State who announced the results at the INEC office in Bauchi returned Abubakar as the winner after meeting all the requirments.
Read more

EFCC arrests Ilorin pastor over alleged N3.9m fraud

-
Image
The Economic and Financial Crimes Commission, EFCC, has arrested an Ilorin based clergyman, Prophet Adeniyi James, for allegedly defrauding a member of his church to the tune of N3.9 million. A statement by the Commission’s Head of Media and Publicity, Dele Oyewale, on Saturday, said the Ilorin Zonal Command arrested James on April 2, 2024 for the alleged offence. It was gathered that James is the General Overseer of Christ Apostolic Church, CAC, Freedom City Prophetic and Deliverance Ministry in Ilorin. Oyewale noted that the victim, Oluwole Babarinsa, in a petition to the Commission, alleged that James called him out during a church programme sometime in 2021, declaring that he had a revelation that he (Babarinsa) would travel abroad. “The petitioner said the cleric, in the course of giving the revelation, asked him about his preferred country, which he replied ‘Canada’ and they agreed to talk later in order to perfect arrangements for the trip. “The petitioner said James later told ...
Read more

Many feared missing, properties destroyed after massive flood in Ogun

-
Image
Many, including mother and child, are feared missing  and billions of naira worth of properties destroyed by ravaging massive flood in Abeokuta, the Ogun state capital, and its environs following about two hours torrential rain that pounded the city on Friday evening. Scores of residents were sacked from their homes and shops when their apartments were either submerged or brought down by the flood. Household items, goods and other valuables were destroyed. In Amolasho and Kuto, major commercial areas of Abeokuta, goods and structures worth  millions of naira were swept away and emptied into a canal by the Isabo state High court area where the flood was most violent and fiercest. Dozens of vehicles packed by the roadsides were also submerged with some of them dragged into gullies and pits. The Nation sighted some youths battling to dig up one Toyota car  buried near the Holy Cross Hospital, Ijaye, Abeokuta, by the devastating flood. Areas most hard hit are Ijaye, Omol...
Read more

UK to deport many Nigerian nurses over examination fraud

-
Image
The United Kingdom’s Home Office has asked some Nigerian nurses being probed for alleged examination fraud to leave the country. According to Nursing Times, the affected nurses are still awaiting the outcomes of their appeals. However, they have received official letters from the Home Office instructing them to leave the UK starting next week. The deportation order follows an ongoing probe by the UK’s Nursing and Midwifery Council (NMC) into suspected malpractice at Yunnik Technologies Test Centre in Ibadan, Nigeria. Campaigners and advocates have called on the regulator to expedite hearings to prevent the nurses from being repatriated before their appeals are fully considered. Peters Omoragbon, executive president of Nurses Across The Borders and president of the Diaspora Nurses Association of Nigeria, accused the NMC of “deliberately delaying” appeal hearings so that nurses could be served with notice from the Home Office. He told Nursing Times: “That saves them the troub...
Read more

Monarch, 15 others killed in Borno

-
Gunmen believed to be Boko Haram members yesterday invaded Garubula village, Biu local Government area of Borno State, killing the District Head, Alhaji Ibrahim Dawi, and 11 others. Two people suspected to be members of vigilante youth a.k.a as civilian JTF, were last night dragged from their houses to a river bank in Gamboru Ngala border town with Cameroon Republic and killed them. Two people suspected to be a motorist and a passenger, were ambushed and shot dead along Maiduguri – Gamboru Ngala road.The Maiduguri – Gamboru Ngala road came under attack on Tuesday by terrorists with the blowing of the the bridge linking the town with Cameroon Republic. Speaking with the BBC Hausa service programme monitored in Maidugurji, Senator Ahmed Zanna (Borno Central) confirmed the killing of the two members of the Civilian JTF.
Read more