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Naira appreciates to N345/$ as BDCs kick against devaluation

The Naira Tuesday appreciated further to N345 per dollar in the parallel market. Meanwhile bureaux de change BDC) operators have voiced their support for the federal government’s position against further devaluation of the naira kicked against further devaluation of the naira.

Crime fighting: Lagos to establish first DNA forensic lab in Nigeria

In furtherance of its commitment to the criminal justice sector reforms and take the fight against crime to a greater level, the Lagos State Government on Tuesday announced that it has concluded plans to establish the first ever high-powered DNA Forensic Laboratory in Nigeria which will take off within the next six to twelve months.

Buhari and the Solution to the Currency Quagmire, By Femi Pedro

Our nation is currently submerged in a currency crisis. The value of our national currency is tumbling against the dollar on a daily basis, and our foreign exchange reserves continue to dwindle as a result of the continuous fall in the price of crude oil. In recent months, there has been a rigorous debate as to whether the devaluation of our currency is the answer to these problems, and what specific measures need to be put in place to stabilize our currency and prevent further damage to our fragile economy. As the debate rages on, the damage to the naira, the economy, and the psyche of our people has intensified. The Central Bank of Nigeria (CBN) appears to have lost significant control of the situation, and speculators, currency traffickers and perpetrators of arbitrage have seized the initiative in the parallel market.

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