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Naira Appreciates Against Dollar At Black Market Amid Sallah Holiday

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The Naira appreciated marginally to N1480 against the dollar at the parallel foreign exchange market, also known as the black market, amid the Sallah holidays.

Dayyabu Ashiru, a bureau de change operator at Wuse Zone 4 in Abuja, disclosed this to DAILY POST on Tuesday.

He noted that demand for foreign exchange had remained flat due to the Eid-el-Kabir holiday.

According to him, the Naira was exchanged at N1,480 against the dollar on Tuesday compared between N1,490 to N1500 it was traded last Friday before the holiday.

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“We buy at N1,460 against the dollar and sell at N1,480. This is an appreciation compared to the N1,490 to N1,500 it traded last week Friday. I think demand for FX dropped due to the Sallah celebration,” he said.

The development comes as the Nigeria government declared Monday and Tuesday public holidays to mark the Sallah celebration.

Consequently, official FX trading is expected to resume on Wednesday.

Last week Friday, FMDQ data showed that the Naira closed at N1482.72 against the dollar at the official market.

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The continued fluctuations of the Naira in the FX market had been a source of concern to financial experts.

Director of the Centre for the Promotion of Private Enterprise, Muda Yusuf, said the fluctuation of the Naira against the dollar is a contributing factor to Nigeria’s soaring inflation, which rose to 33.95 per cent in May 2024.

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Tinubu expresses sadness over Ibadan stamped victims, demands probe

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President Bola Tinubu has expressed sadness over the victims of the tragic incident at a children’s funfair in Ibadan, Oyo State, which claimed innocent lives and left many others injured.

A day after the tragic incident, 35 minors have been confirmed dead in a stampede at a funfair held at Islamic High School, Orita Bashorun, the state capital.

The President in a statement by his spokesman, Bayo Onanuga, extended his condolences to the government and people of Oyo State and, most importantly, to the grieving families who have lost their children in the unfortunate event.

President Tinubu has urgently directed the relevant authorities to investigate the circumstances of this tragedy thoroughly,” the statement read.

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The President extends his heartfelt condolences to the Government and people of Oyo State, as well as to the grieving families who have lost their beloved children.

“In this moment of mourning, President Tinubu stands in solidarity with the affected families and offers prayers that the Almighty God will grant peace to the souls of those who have departed in this unfortunate event.”

Tinubu highlighted that it is imperative to determine whether negligence or deliberate actions contributed to this painful incident, ensuring a transparent and accountable process.

He also urged the Oyo State Government to take every necessary measure to prevent such a tragedy from reoccurring.

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Among the essential actions are a comprehensive review of all public events’ safety measures, strict enforcement of safety regulations, and regular safety audits of event venues.

“Furthermore, President Tinubu calls on event organisers to prioritise the safety of all attendees, especially children. He stresses the importance of integrating professional security, protocol, and logistics at events to ensure the utmost safety of all participants,” the statement read.

He reiterated his administration’s commitment to the safety and well-being of children, arguing that no event should ever compromise their safety or take precedence over their lives.

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How soldiers damaged my house for doing my job – ECTDA Chair, Hon. Uche Anya

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The Chairman of the Enugu Capital Territory Development Authority, ECTDA, Rt. Hon. Uche Anya has narrated how soldiers from 82 Division of the Nigeria Army invaded his residence by 2.30am and destroyed his residence for carrying out a town planning regulation on an army property in Enugu.

According to Anya, the soldiers who some of them were on mufti, in the wee hours of Sunday morning, invaded his residence with armoured personnel carriers, forcefully jumped into his compound and destroyed most parts of his house and abducted him.

His offence, he explained, was that he demolished a fence that was being made round an army property at GRA area of the Coal City, which the army did not obtain approval plan and permit from his office before embarking on the construction.

“We pleaded with them that we are from the ECTDA and needed to see their approved plan and permit but they asked me to call the General Officer Commanding (GOC) 82 Division, Enugu.

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“We insisted on seeing their approval, which they did not provide, leading to our stopping them from working and marking the place with ‘Stop Work’ notice immediately.”

He said that he thereafter reached out to the GOC and informed him about what transpired, but that the army said that they were trying to secure their land.

“I told him that under our law, once a development is taking place in the capital territory, there must be permission. So, three days later, in the course of our routine work, we discovered that they had wiped out our stop work order and proceeded with the work. We rolled down our equipment and pulled down the fence because they reneged on our agreement,” Anya narrated.

The Capital Territory Chairman said that two hours later, he started noticing strange movement around his street, with some people taking photographs.

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“So, around 2:30a.m, two Armoured Personnel Carriers (APCs) arrived on my street. Some people in mufti with guns jumped into my compound and I was seeing them through my CCTV. They tried to break into the house but it took them almost 90 minutes to break in through the kitchen.”

When our correspondent visited Anya’s residence, there was a total smash of most properties in the house starting from the gate to the entrance door and windows, television sets, CCTV cameras and so many other things were in complete ruin.

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Ooni’s Ex- Wife, Naomi, 7 Others, In Trouble As 35 Kids Killed In Oyo Stampede

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The Oyo State Police Command has confirmed the arrest of Prophetess Naomi Silekunola, the estranged wife of the Ooni of Ife, Oba Adeyeye Ogunwusi, and seven others for the Christmas party tragedy in Ibadan, Oyo State.

The police also in a statement by SP Osifeso Adewale, added that 35 children had been confirmed dead so far with six others critically

Recall that Agidigbo FM, a prominent private radio station, disclaimed involvement in the ill-fated children’s festive party that tragically resulted in multiple deaths on Wednesday morning in Ibadan, Oyo State capital.

SaharaReporters earlier broke the news about how tragedy struck on Wednesday morning at the Islamic High School in Bashorun, Ibadan when a stampede occurred during a children’s Christmas party.

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The station’s management clarified they were not sponsors or organisers of the event, contrary to initial reports. It identified the organiser as WINGS (Women In Need Of Guidance and Support), whose founder is Queen Naomi Silekunola Ogunwusi, the ex-wife of the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi.

Eyewitnesses report that many children were trampled in the chaos, with several others injured.

Meanwhile the police statement said, “Sequel to the stampede incident recorded on Wednesday 18/12/2024 at the Islamic High School, Basorun, Ibadan venue of the family event Organized by Wings Foundation and Media partners Agidigbo FM, the Oyo State Police Command wishes to inform the good people of the State that (8) Persons have since been arrested for their various involvements.

“These persons include the main event sponsor, Prophetess Naomi Silekunola ’f’ age 31yrs, Fasasi Abdulahi, ’m’ age 56yrs (School Principal Islamic High School, Ibadan), Genesis Christopher, ’m’ age 24yrs, Tanimowo Moruf,’m’ age 52yrs, Anisolaja Olabode, ‘m’ age 42yrs, Idowu Ibrahim, ‘m’ age 35yrs and Abiola Oluwatimilehin, ’m’ age 25yrs.

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“So far (35) Thirty-Five Minors have been documented Dead while (6) Six others are critically injured and on various Medical Interventions.

“In furtherance of the above, the case has since been transferred to the Homicide Section of the State Criminal Investigation Department, Iyaganku with the Deputy Commissioner of Police in charge leading the investigations.

“So also, residents around the axis are advised not to panic as they would witness high level patrols and visible Police presence to prevent hoodlums from taking advantage of the unfortunate situation.

“Finally, the Oyo State Police Command sympathizes with all the families and loved ones affected by the tragedy and assures the good people of the State that Justice will be served accordingly.”

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