Naira crashes, now exchanging at N412 for a dollar

The Nigerian Naira plunged further in value on Monday March 30, as it exchanged at N412 for a dollar following a temporary suspension of sale of forex to the Bureau De Change operators in the country by the Central Bank of Nigeria. .

Recall that the apex bank had pegged the exchange rate of the Naira at N380 to the dollar, a move it insisted was not a devaluation of the Nigerian currency.

The CBN however granted the Association of Bureaux De Change Operators of Nigeria its request of going on holiday due to challenges in the local and global economies over the coronavirus pandemic. .

While the Naira has crashed in its value due to the low price of crude oil in the international market in recent times, BDC operators have disclosed that there has been a drastic decline in demand for forex due to the impact of coronavirus on the economy. The financial market stakeholders also disclosed that businesses are down and many people are not travelling

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Lekki Tollgate incident can be equated to a mas*acre — Lagos ENDSARS Panel

The Lagos State Judicial Panel of Inquiry on Restitution for Victims of SARS Related Ab*ses and Other Matters (Lagos EndSARS Panel) has reported the Lekki Tollgate sh*otings of October 20, 2020, as a mas*acre. The panel indicted soldiers and implicated Nigeria’s security agents in the k*lling and forced disappearances of harmless and unarmed youths protesting at Lekki Tollgate on October 20, 2020. The Justice Doris Okuwobi-led panel made the revelation in a 309-page report submitted to Governor Babajide Sanwo-Olu of Lagos State on Monday, November 14. According to the report, nine protesters were confirmed d*ad while four others were presumed d*ad. The report listed 48 names as those who were casualties of the Lekki incident. Among the 48 casualties listed, 24 sustained g*nshot injuries, while 15 others were as*aulted by soldiers and police. “At the Lekki Toll Gate, officers of the Nigerian Army sh*t, injured and k*lled unarmed helpless and defenseless protesters, with

Femi Otedola appointed Vice President of Save The Children.

Mr Femi Otedola was invited by the Save the Children to join the prestigious group of its Vice Presidents, in recognition for his philanthropic efforts to better the lives of children in Nigeria. Save the Children’s Vice Presidents are a group of high-level supporters and critical friends of the organisation, actively involved in advancing the work of Save the Children, through advocacy, volunteerism, introductions, and philanthropy. Save the Children works in 117 countries around the world in both humanitarian and development settings. The organisation works in partnership with philanthropists, governments, the United Nations, and other NGOs in pursuit of its global mandate to support children and their families in crisis and to ensure children can learn, survive and enjoy a protective environment so that they can reach their full potential in life. Mr. Femi Otedola’s addition to the Vice Presidents group is a testament to his long-standing support to the organization. Si

EFCC releases Obi Cubana after three nights in custody

The Economic and Financial Crimes Commission (EFCC) has finally released businessman Obi Cubana. He was arrested and taken to the headquarters of the anti-graft agency, Jabi, Abuja, on Monday, November 1, following allegations of money laundering and tax fr*ud. He was, however, released on Thursday evening, November 4, after he had spent three days in detention undergoing interrogations. According to the spokesman of the commission, Wilson Uwujaren, who confirmed the release to reporters on Thursday night, Cubana was allowed to go after the crack detectives of the commission completed their questioning.

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