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Naira maintains gains, appreciates in Parallel Market

By Kayode Sanni-Arewa
The Naira yesterday appreciated to N1,595 per dollar in the parallel market from N1,610 per dollar on Monday.
Thus the Naira has recorded N45 week-on-week, WoW appreciation from N1,640 per dollar Tuesday last week.
Though the Naira was stable at N1,499 per dollar in the official Nigerian Foreign Exchange Market (NFEM), yesterday, it however recorded N27.3 WoW appreciation from N1,526.3 per dollar last Tuesday.
Consequently, the margin between the parallel market and NFEM rate narrowed to N96 per dollar from N113.7 per dollar Tuesday last week.
The Naira has been on the upward trend since Thursday January 23rd, when it appreciated to N1,665 per dollar in the parallel market from N1,670 per dollar on Wednesday January 22nd.
Similarly, the Naira in the official market appreciated on Thursday January 23rd, to N1,548 per dollar from N1,553 per dollar on Wednesday January 22nd.
Since then, the Naira had gained N75 and N54 in the parallel and official market respectively.
Currency traders attributed the upward trend of the Naira to weak dollar demand occasioned by the Chinese New Year holiday.
It was also gathered that banks are now honouring customer requests for Personal Travel Allowance, PTA, and Business Travel Allowance, BTA. Previously, most banks seldom honour customers’ forex requests for PTA and
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FCT Flags Off One-Week Free Holiday Vocational and Entrepreneurship Training

In a move to foster skills acquisition and promote economic empowerment, the Federal Capital Territory (FCT) Education Secretariat through the Department of Mass Education has flagged off a one-week free holiday vocational and entrepreneurship training program.
The program is a collaborative initiative of the FCT Department of Mass Education, The Potter’s Wheel Foundation, and the Nigerian Non-Governmental Association for Literacy Support Services (NOGALSS).
Speaking at the flag-off ceremony, the FCT Mandate Secretary for Education, Dr. Danlami Hayyo emphasized the Importance of skills acquisition and entrepreneurship in today’s world describing it as imperative to be self reliant , empowered and resourceful.
He highlighted the Wike- led FCT Administration’s commitment to championing the Renewed Hope Agenda adding that the initiative is a critical strategy for reducing unemployment and building resilience among Abuja residents through practical skill acquisition and entrepreneurship training.
He commended the Department on the synergy between the government and non-governmental organizations noting that it will further empower the people of the FCT with skills and knowledge that lead to viable income-generating opportunities.
He urged the participants to fully utilize the opportunity, network actively and apply themselves diligently to the various training sessions.
In her welcome address,Dr. Favour Edem -Nse,the Director, FCT Department of Mass Education said,the training aligns with Sustainable Development Goals ( SDGs) and contributes significantly to reducing the number of out- of- school children, unskilled youths and unemployed women in the Federal Capital Territory.
She added that, the Department goal is not just to train but to guide participants towards becoming self – sufficient and successful entrepreneurs .
She noted that the one week free training program is a manifestation of the Department ‘s broader vision of literacy and lifelong learning.
She revealed that the Department in collaboration with The Potter’s Wheel Foundation and the Nigerian Non- Governmental Association for Literacy Support Services( NOGALSS) will train them hands on session in production of laundry soap,bleach , liquid soap, toilet and car wash , disinfectant,air freshener,snack among others as well as key entrepreneurship modules on Bookkeeping and financial management, marketing and branding with social media management.
She expressed her gratitude to the Mandate Secretary for Education and the Management for the massive support of the life changing opportunity program targeted at women,youths, children and other community residents to equip them with tools for economic self reliance .
The well attended program which drew partner organizations, staff of the Department of Mass Education and enthusiastic participants will run throughout the week with facilitators providing continued support beyond the training period.
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Sad! Electrician electrocuted in Oyo

A 28-year-old electrician, whose name has not been revealed, has been electrocuted in Oyo State at Eruwa in Ibarapa East of Oyo State.
The victim was electrocuted at the Odo Babaode area of the town.
The man was electrocuted on a high-tension cable belonging to the Ibadan Electricity Distribution Company (IBEDC).
The incident occurred when the victim was trying to rectify an electrical fault on the active power lines without being shut down from the feeder.
The General Manager of Oyo State Fire Service, Mr Yemi Akinyinka, who confirmed the development, said a distress call was received by the agency Wednesday afternoon.
He said, “The distressed call was reported at 15:29hrs on Wednesday, 23rd April, 2025.
“The fire personnel led by PFS1 Peluola Babatunde quickly followed the caller and on arrival at the place, we met the victim already electrocuted, and all necessary precautionary measures were observed so as to safeguard the citizens within the vicinity.
“The man was recovered and handed over to a team of police from Eruwa police Station. The incident occurred when the victim (electrician) was trying to rectify an electrical fault on the active power lines without shutting down the feeder.”
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