BY GODWIN OBI, JAMES AKINOLA AND ADOLPHUS DURU The naira yesterday depreciated to N1,180 per dollar in the parallel market from N1,170 per dollar on Wednesday. However , the naira appreciated in the Nigerian Foreign Exchange Market (NAFEM) yesterday to N793.28 per dollar. Data from FMDQ showed that the indicativeContinue Reading
BY GODWIN OBI Human rights lawyer and Senior Advocate of Nigeria (SAN) Femi Falana has faulted the police account on the controversial arrest and brutalization of the Nigeria Labour Congress (NLC) President Joe Ajaero. Ajaero was picked up from the Imo ouncil secretariat of the NLC in Owerri on WednesdayContinue Reading
BY GODWIN OBI The Central Bank of Nigeria on Thursday debunked rumours of naira scarcity in the country, amid reports that there is no sufficient cash circulation in some commercial banks nationwide. CBN in a statement by its spokesman, Isa AbdulMumin, blamed some customers for panic withdrawal using the AutomatedContinue Reading
BY GODWIN OBI The Senate and the House of Representatives, on Thursday, passed the N2.17trn 2023 supplementary appropriation bill after a third reading. Before the passage of the bill, the Senate adopted the report of the harmonised sittings of both red and green chambers on the 2023 Supplementary Appropriation BillContinue Reading