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The naira depreciated slightly against the dollar at the official foreign exchange market on Thursday. The Central Bank of Nigeria exchange rate data showed that it fell marginally to N1,584.95 per dollar on Thursday from N1,584.49 traded on Wednesday. This means that the Naira dropped by N0.46 against the dollar on a day-to-day basis. However, at the black market, the sell rate of Naira to dollar remained flat at N1,625 […]
A Sudanese war monitor has accused the military of killing hundreds of people in an air strike on a market in the country's western Darfur region on Monday. The Emergency Lawyers group - which documents abuses by both sides in Sudan's civil war that erupted in April 2023 - said the bombing of Tur'rah market was a "horrific massacre" that had also left hundreds injured. Videos posted on social media […]
Part of Kwali central market in the Federal Capital Territory has been gutted by fire. The incident which occured last night destroyed shops and property worth millions of naira. Speaking on the incident, an Officer of the Local Emergency Management Committee in Kwali Area Council, Mr Gaji Joseph, who said no life was lost to the fire outbreak explained that the Committee with the support of the Fire Service […]
The naira gained marginally against the United States dollar on Tuesday, appreciating to N1,499/ from an all-time low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market. This means the naira gained by 2.3 per cent or N35, according to FMDQ Exchange, a platform that publishes official foreign exchange trading in the country. The naira has depreciated following the removal of fuel subsidy and the unification of the exchange […]
By Remi Johnson Area1 Neighbourhood roadside market in Abuja, has become a safe haven for some criminal elements to carry out their shady deals. To this end, portions of the market suspected to have provided cover to hoodlums have been dislodged by the FCTA City Sanitation taskforce comprising joint security agencies, Development Control officers, and the Abuja Environmental Protection Board. Director, Department of Development Control, Muktar Galadima who led the […]
By Remi Johnson Abuja Environmental Protection Board, AEPB, today demolished the COVID Market situated in Gimbiya Street, Area 11, Garki Abuja. Speaking during the demolition exercise in Abuja, the Director of AEPB, Mr. Osilama Braimah said the move was to guard against insecurity and environmental hazards in the nation's capital city. Mr. Braimah stated that the Minister of FCT, Nyesom Wike recently directed that all illegal structures and shanties […]
By Mathew Ayoola In continuation of efforts towards ensuring a clean and healthy capital city, the Abuja Environmental Protection Board, AEPB has demolished shanties and hideouts of criminals in the COVID Market in Area Eleven and food vendor joints popularly called "Mama Put" under bridges close to the Federal Secretariat. Speaking during the exercise in Abuja, the Director of AEPB, Mr Osilama Braimah said the move became necessary towards ensuring […]
The Central Bank of Nigeria has removed the restriction it placed on access to official foreign exchange market for importation of 43 items, 9 years after. The statement assures that the apex bank will continue to intervene at the official foreign exchange market to meet the rising demand. It says the CBN is actively working to address the existing backlog of foreign exchange transactions. Although the value of the naira […]
