NAIRA DEPRECIATES TO N360.33 AGAIST DOLLAR

Naira, yesterday, depreciated further to N360.33 per dollar in the Investors and Exports (I&E) Foreign Exchange, forex Window. Data from the Financial Market Dealers Quote, FMDQ showed that the indicative exchange rate for the I & E Window, known as Nigerian Autonomous Foreign Exchange, NAFEX declined to N360.33 per dollar, yesterday, from N360.25 per dollar on Wednesday. Hence the naira has depreciated marginally by 8 kobo per dollar.

Meanwhile, in the parallel market, the naira, yesterday, maintained the N367 per dollar it exchanged on Wednesday. The naira had traded highest this month at N362 per dollar, while the lowest was N350 per dollar in the I & E Forex Window.

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AKEREDOLU, KEKEMEKE AND OTHERS BID MRS FAGUNWA GOODBYE

EMIR OF KASTINA TELLS PRESIDENT BUHARI TO SIGN PEACE CORPS BILL

The Emir of Katsina, Abdulmumini Usman, has declared support for the Peace Corps bill passed by the National Assembly. The bill, which seeks to turn the Peace Corps, a non-government organisation, into a government paramilitary agency, has elicited mixed reactions from Nigerians. Proponents see it as an avenue to create jobs for thousands of youth while critics describe as a duplication of functions already being performed by existing agencies and creation of another bureaucracy at a time the country is finding it difficult to pay workers' salaries. The bill was opposed by existing military and security institutions in Nigeria and the Peace Corps leader Dickson Akoh is currently being prosecuted for alleged fraud. Apart from lawmakers, the bill is also supported by some prominent Nigerians including the Minister of Sports, Solomon Dalung, who also asked Mr. Buhari to sign to it. The News Agency of Nigeria reports that the Katsina emir made a similar call on the president on Thursda

NIGERIA'S BREAKUP IS NOT AN OPTION-DAVID MARK

N igerians must move on together as a breakup is not an option, former Senate President, David Mark, said on Friday. “Those who are agitating for otherwise are missing the point. Nigeria has crossed many crucibles. We cannot reverse ourselves,” Mr. Mark told Kaduna State Acting Governor, Alhaji Aminu Shagali, in Kaduna. He was at the head of a delegation of the Nigeria Defence Academy (NDA) 3rd Regular Course Alumni Association on a courtesy visit to the acting governor. “The only option is to move on in a manner that is progressive, peaceful and united,” he was further quoted as saying by his media aide, Paul Mumeh. “We may have our disagreements. But a breakup is not an option. We can resolve our differences through meaningful dialogue and genuine conversation." “There is no use heating up the polity,” the ex-Senate president added. He noted that no matter the imperfections, the nation is greater and better as an indivisible country.

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