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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NAPTIP arrests Islamic teacher for sexually exploiting 16 year old student in Maiduguri

The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) Maiduguri Zonal Command, has arrested a 28-year-old Islamic teacher over alleged sexual exploitation of a 16-year-old student. A statement issued by the agency on Thursday, August 5, said the suspect, Yanga Abdullahi of Maura ward, is a teacher at Darul-Arqam Islamiyya school, Maiduguri, the Borno State capital. "The suspect sexually exploited a 16-year-old girl of Mairi Kuwait area, Maiduguri, Borno State. She is a student of the suspect at Darul-Arqam Islamiyya school Maiduguri." the statement read.

NBA Youngboy now a father of 7 at age 21 after welcoming child with Yaya Mayweather

NBA YoungBoy, who turned 21 in October 2020, has welcomed his 7th child already. The Baton Rouge, Louisiana-born rapper welcomed his 7th child with Yaya Mayweather, the 20-year-old daughter of Floyd Mayweather Jr. Back in October, Yaya’s father, Floyd Mayweather Jr., confirmed that his daughter and NBA YoungBoy were expecting their first child, saying: "I just want the best for my daughter, always want the best. If that makes her happy, then we’re happy, me and her mother are happy." Just last year, on November 26, while awaiting the birth of his seventh child, Youngboy welcomed his 6th child with actress Drea Symone. His 6th and 7th children are less than 2 months apart in age. YoungBoy, whose real name is Kentrell DeSean Gaulden, began having kids as a teenager. Most of his kids are really close in age. At age 18, he already had 4 kids (read here ). In total, the 21-year-old rapper has 5 sons...

Tension in Enugu as policeman shoots 27-yr-old Law student to death

There is tension in Nsukka Local Government Area of Enugu State over the death of a 27-yr-old 500 level Law student of Nnamdi Azikiwe University, Awka, Augustine Ugwu, who was allegedly murdered by an officer of Nigeria Police Force at Nsukka. The deceased was said to have gone to a beer parlour at Odobido in Nsukka council area with his friend (name withheld) where he was trailed by a local security outfit constituted by the chairman of the local government area, Patrick Omeje. It was gathered that the deceased had just arrived the beer parlour and ordered for a drink when members of the local security outfit (Civilian Anti-cult) arrested him and after beating him, handed him overs to the officer in charge of Anti-cult in Nsukka, Ferdinand Ochi, who allegedly murdered him over a yet-to-be-identified issue. The father of the deceased, a retired police officer, Andy Ugwu, informed Vanguard that all efforts he has been making to unravel the circumstances, which led to the death of his so...

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