The Naira exchanged at N417.30 to the dollar at the Investors and Exporters window on Monday, representing a -0.25 per cent appreciation, compared to N418.33 to the dollar recorded on Friday. The open indicative rate closed at N417.92 to the dollar on Monday. An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N417.30. The naira sold for as low as N410 to the dollar within the day’s trading. A total of $291.09 million was traded in foreign exchange at the official Investors and Exporters window on Monday.
Author: Newsdesk
The Chief Executive Officer of Tesla, Elon Musk has bought micro blogging platform Twitter, after a Sunday meeting with representatives of both companies that lasted into the early hours of Monday morning. Mr Musk had secured $46.5 billion for the takeover and proposed $54.20 per share, causing Twitter 11 board members to backtrack on their initial position to fight off the acquisition and re-examine the bid. The company’s stock increased by four per cent on Monday as a result of heightened speculations regarding the takeover. However, after several hours of deliberations on the matter, an agreement has been reached to…
Vice President Yemi Osinbajo has disclosed that President Muhammadu Buhari had prepared him to succeed him as president as their tenure expires in May next year. Osinbajo said this on Monday, when he visited Ondo state governor, Oluwarotimi Akeredolu in his office in Akure on Monday. According to him, Buhari ensured that he was given very serious responsibilities as vice president and also acted as president. He added that President Buhari on many occasions while away, had told him pointedly to use his (Osinbajo’s) discretion as acting president and never to refer anything to him (Buhari). Osinbajo there said it…
Nigeria’s National Emergency Management Agency (NEMA) says the death toll in the illegal refinery explosion in Imo state has risen to 110. The agency’s Head of Operations, Mr Ifeanyi Nnaji confirmed the toll in an interview with ChannelsTV on Monday. Recall that the explosion occurred at an illegal refinery site located within Abaeze, a community in Ohaji/Egbema local government of the state on Friday night. Giving an update on the incident, Nnaji revealed that authorities were planning a mass burial of the victims of the explosion. He added that they were considering using an excavator to pack the bodies to…
Russian President Vladimir Putin on Monday claimed that his main spy agency had foiled a Western plot to kill a prominent Russian journalist. “This morning, the Federal Security Service stopped the activities of a terrorist group that planned to attack and kill one famous Russian TV journalist. “They have moved to terror, preparing the murder of our journalists. Putin told reporters. He did not immediately provide evidence to support his claims. Reuters was unable to immediately verify the claims. The Interfax news agency said that members of a nationalist group had been detained by Russian authorities. Interfax said the group,…
At least 201 people died and 98 injured, in violence in West Darfur state in Sudan, an official working for the governor of the region said on Monday. The Norwegian Refugee Council (NRC) reported that tens of thousands of people have been displaced from their homes by the violence. It added that houses have been set alight, hospitals attacked and businesses plundered. The violence, which erupted in Al Kuraynik on Friday spread to the West Darfur capital of Al Geneina by Monday. The reasons for the violence remain unclear. According to some reports, the clashes are between nomads and farmers…
Billionaire drug baron who is alleged to be behind the N3 billion Tramadol deal involving the suspended Deputy Commissioner of Police, Abba Kyari-led Intelligence Response Team, IRT, Afam Mallinson Ukatu has been arrested by operatives of the National Drug Law Enforcement Agency, NDLEA. After months of surveillance and evading arrest, Ukatu who is Chairman of Mallinson Group of Companies was eventually nabbed onboard a flight to Abuja at the MM2 terminal of the Lagos airport, Ikeja on Wednesday 13th April. Investigations revealed he’s been a major importer of large consignments of different brands and high dosages of Tramadol Hydrochloride, ranging…
A molecular biologist, Dr Bamidele Iwalokun, has advised Nigerians to urgently treat malaria attacks to prevent shortage of blood, cerebral malaria, acute respiratory distress syndrome and death. Iwalokun who is also the Director, Central Research Laboratory at the Nigeria Institute of Medical Research, Lagos, gave the advice in an interview to mark World Malaria Day. World Malaria Day is observed every April 25, to encourage continued investment and sustained political commitment for malaria prevention and control. The theme for the 2022 commemoration is: “Harnessing innovation to reduce the burden of malaria disease and saves life”. “Some people with malaria also…
The World Health Organisation (WHO) says malaria remains a significant public health and development challenge with about 95 per cent estimated 228 million cases occurring in the WHO and AFRO Region, Dr Matshidiso Moeti, WHO Regional Director for Africa, made this known in a message to commemorate the 2022 World Malaria Day with theme “Harness innovation to reduce the malaria disease burden and save lives”, The World Malaria Day, celebrated every year on April 25, is an occasion to highlight the need for continued investment and sustained political commitment for malaria prevention and control. “Malaria remains a significant public health and development challenge.…
The Presidential Campaign Organisation of Dr Phillip Idaewor, Chairman of APC Diaspora Chairmen Forum, has urged the leadership of the party to reconsider the N100 million fees for the party’s nomination and declaration of interest forms for its presidential aspirants. In a statement signed by the Director General (DG) of the Ideawor Hope2023 campaign organisation, Mazi Charles Eze, the group said there was need for the party to reduce the fees to make it affordable and open to more Nigerians to participate. Eze said the high cost of nomination forms for aspirants for major political parties in Nigeria was fast…