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Parallel Market: Naira bounces back, rises against Dollar on November 8, 2024
On Thursday, the Naira strengthened to N1,725 per dollar in the parallel market, improving from N1,730 per dollar on Wednesday. Similarly, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira appreciated to N1,639.5 per dollar.
Data from FMDQ indicated that NAFEM’s indicative exchange rate dropped to N1,639.5 per dollar from N1,681.65 per dollar on Wednesday, marking a gain of N42.15 for the Naira. The official market saw a 24% increase in traded volume, with $244.96 million exchanged, up from Wednesday’s $196.78 million.
As a result, the rate gap between the parallel market and NAFEM widened to N85.5 per dollar from Wednesday’s N48.35 per dollar.
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NUJ FCT SEC Urges Members to Ignore Boycott Call by Former Chairman Osadebamwen
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Drama As Abuja Bolt Driver Makes U-turn, Apologises To Abia Rep, Alex Ikwechegh
An Abuja Bolt driver, Stephen Abuwatseya has apologised to the Abia federal lawmaker, Alex Ikwechegh who assaulted him.
Abuwatseya said his provocative utterances caused a misunderstanding with Ikwechegh.
He asked Nigerians for forgiveness.
In a video released on Thursday, the Bolt driver urged Nigerians to move on from the incident.
He said: “Good day, Nigerians. My name is Stephen Abuwatseya. I had a misunderstanding with Rt. Hon. Alex Mascot Ikwechegh a few days ago. I actually want to apologize to him for whatever I must have said or done to provoke him to that level of anger.
“I want to tell Nigerians that it’s not time for us to start dividing ourselves based on religion, tribes, or regions. We should actually come together, see how we can unite this nation, and move it forward.
“Please, Nigerians, let’s forgive and forget, as it’s even contained in our Lord’s Prayer, that ‘Lord, please forgive us, as we forgive those who trespass against us.’ For there is no justice without forgiveness. Thank you very much.”
On October 28, the House of Representatives member representing Aba North/South of Abia State, assaulted the Bolt driver while he was delivering a package at his residence in Abuja.
In the footage, the lawmaker repeatedly slapped and insulted the driver.
Ikwechegh also threatened to make the Bolt driver disappear from Nigeria.
He was subsequently arraigned before a Magistrate Court in Kuje area of the Federal Capital Territory where he pleaded not guilty.
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War: Trump will give Netanyahu a blank check – Ex-CIA boss, Panetta
By Kayode Sanni-Arewa
A former CIA director and US defence secretary Leon Panetta, Donald Trump would offer Israeli Prime Minister Benjamin Netanyahu a “blank cheque” in the Middle East once he takes office, potentially paving the door for a full-scale conflict between Israel and Iran.
He said that Israel would receive his approval for every action taken by the president-elect, who defeated Democratic candidate Kamala Harris to win the presidency this week and will return to office in January
“With regards to the Middle East, I think he’s basically going to give Netanyahu a blank check,” he said via the Guardian, UK.”
Whatever you do, whatever you want to do, whoever you want to go after, you have my blessing.’ I mean, he basically said that [before the election].”
Since Hamas’s October 7 attack on Israel last year, Netanyahu has presided over attacks on Iran and its assets as part of an expanding conflict.
During the US election campaign, he reportedly spoke with the US president-elect.
Following Trump’s triumph over Kamala Harris on Wednesday, Netanyahu praised him.
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