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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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...

AKEREDOLU, KEKEMEKE AND OTHERS BID MRS FAGUNWA GOODBYE

Read President Buhari’s Christmas Message To Nigerians

I felicitate with all Nigerians, especially our Christian brothers and sisters, on the joyous occasion of this year's Christmas.On this occasion of the commemoration of the birth of Jesus Christ, let us all rededicate ourselves to the virtues of peace, love, honesty, justice, equity, piety, humility and service to others which he taught.There can be no doubt that a greater manifestation of these virtues and ideals in our lives will immensely help us to become a more united, peaceful, secure and progressive nation.Let us also reach out in love and compassion to fellow Nigerians who are in distress at this periodof our nation's history.I particularly urge you all to remember victims of terrorism and insurgency in the country, especially Internally Displaced Persons (IDPs).The Federal Government will continue to collaborate with state governments and other stakeholders to ease the harsh conditions in IDP camps, while the ultimate objective remains to quickly put an end to insurgen...

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