Naira Gains, Rises to N1,270 in Parallel Market

The naira on Tuesday appreciated to N1,270 per dollar in the parallel market from N1,290 per dollar last week Thursday Similarly, the naira appreciated in the NAFEM to N1,278.58 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,278.58 per dollar from N1,309.39 per dollar last week Thursday, indicating…

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Demolition: Ukachukwu’s Land Does Not Have Approval-Wike

Federal Capital Territory (FCT) Minister, Nyesom Wike, has defended the demolition of the property belonging to Chief Nicholas Ukachukwu, saying the land allocated to Ukachukwu did not have the approval of any minister as his predecessor. Chairman and Chief Executive Officer (CEO) of the SNECOU Group Limited, Ukachukwu, who decried the demolition of his investment…

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JUST IN: Dangote Begins Sale of Diesel, Aviation Fuel Soon …Coy Plans One Million-Litre Diesel Auction to Each Marketer

The $20bn worth Dangote Petroleum Refinery has commenced the sale of Automotive Gas Oil, popularly called diesel, to oil marketers nationwide. Dealers and officials of the plant confirmed this on Tuesday, as it was gathered that the refinery commenced diesel sales last week. “They started pumping out diesel to marketers since last week. They also…

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Three Nigerians Arrested for Drug Trafficking in India

The Chandigarh Police Crime Branch in India said it busted an international drug syndicate, arrested three foreign nationals, and seized 204.8 grams of crystal methamphetamine popularly known as ice. According to the Times of India on Tuesday, the suspects Frank Nwokeji, Loua, and Jack David llobi Tochukwu are Nigerians residing in New Delhi. The suspects…

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