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Umahi defends Ondo Coastal Highway diversion

Umahi defends Ondo Coastal Highway diversion

*Minister cites 100-metre-deep pits, high construction costs behind route change By John Alechenu, Abuja The Minister of Works, David Umahi, has defended the Federal Government’s decision to divert the Ondo section of the Lagos-Calabar Coastal Highway, saying the original route crossed terrain with pits more than 100 metres deep and would have significantly increased construction […]
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Naira depreciates to N1,635 in parallel market

Naira depreciates to N1,635 in parallel market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,635 per dollar in the parallel market from N1,625 per dollar last weekend. However, the Naira yesterday appreciated to N1,585.77 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,585.77 per dollar from […]