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.

Nigerians help me, my friend duped me – Actor Mr Portable cries out

Popular Nollywood Yoruba actor and producer, Olu Olowogemo Arijan also known as Mr Portable, has called on Nigerians to come to his aid after his friend duped him of his money. According to the actor, he was asked by the friend who is based outside of the country to sell his only car so he can get him another one from abroad. He went ahead to sell his car and sent the money to his friend only to be disappointed by the friend. He reported that it has been 2 years now since the man collected the money and nothing has been heard from him. Narrating his ordeal, Mr Portable beckoned on fans and followers to come to his rescue and let justice prevail. Sharing the video, he wrote: “Yes!! I was duped by a friend, ki Olorun gba wa lowo ota bi ore. He is hiding under the umbrella of not staying in Nigeria and I will hide under the voice of my lovers cause I know you people will come to my rescue and let justice be done. I have nothing, but I have my voice and you all,even if I am a millionaire, ...

Corps member slumps and dies in rivers state

A corps member, Atiye Florence Aduke reportedly slumped and died following an incident which occurred in her apartment at Abua Odual LGA in Rivers state where she was serving. . The member of 2019 Batch C, Stream 2 of the youth program who slumped and hit her head against a wall in her house on Wednesday May 27, died on Saturday May 30 after being rushed to the hospital. . Friends and loved ones of the deceased have taken to social media to pen down tributes to her. Atiye Olawale wrote “Painfull exit, Atiye Florence Aduke u told me that I should come and visit you once u come back from Port Harcourt to Lagos of which i make move, before getting there, u call me on my way that “Bros Wale” don’t bother yourself ‘I will be fine’ but greet our mother for me till I come back from my journey. Not knowing that u are saying your last word.”

Laie.Tv

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