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Naira down to N1,620/$ in parallel market

Naira down to N1,620/$ in parallel market

By Elizabeth Adegbesan The naira yesterday depreciated to N1, 620 per dollar in the parallel market from N1,618 per dollar on Tuesday. But, the Naira appreciated to N1,599 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira […]

Rivers under scrutiny as Reps invite Sole Administrator, Ibas

Rivers under scrutiny as Reps invite Sole Administrator, Ibas

By Daniel Abia & Gift ChapiOdekina Abuja—The House of Representatives Ad-Hoc Committee on Rivers State Oversight has invited the Sole Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (retd), to appear before it for a comprehensive interactive session today. Meanwhile, Minister of the Federal Capital Territory, FCT, Mr. Nyesom Wike, has rejected calls for reconciliation […]