Nigeria’s currency, the Naira, has continued its depreciation after exchanging to the dollar at 980/$ at the parallel market on Wednesday.A Bureau De Change Operator in Zone 4 Abuja, Ahmed Gazali, confirmed this to DAILY POST on Thursday.Gazali attributed the development to the forex scarcity.“It is because of forex scarcity; the situation is fluctuating. For instance, it was N920/$1 on Monday but N980/$1 on Wednesday. We can’t tell what tomorrow holds. It may ease...

Nigeria’s currency, the Naira, slumped to N900 against the Dollar at the parallel market on Wednesday.Ahmed Gazali, a Bureau De Change Operator, confirmed the rate to the Daily Post on Thursday morning.Meanwhile, the Naira traded at N773.42 in the official market against the Dollar.The figure represents a marginal depreciation of 0.35 percent compared with N770.72, the value of the naira traded against the Dollar on Tuesday.The development comes barely 48 hours afte...

The Rivers State Police Command and the Nigeria sports sector were thrown into mourning, following the sudden passing of the state deputy Police spokesman, Christian Udogu.According to a close source in the command, Udogu, a Deputy Superintendent of Police, was with his family on Wednesday evening watching a programme on television when he suddenly complained of chest pain and slumped soon afterwards.He was a sports personality who played volleyball for many years a...