Connect with us

News

Naira crashes more against dollar ahead of Eid El-kabir

Published

on

Last Updated on June 15, 2024 by Fellow Press

The naira depreciated further against the dollar at the foreign exchange market on Friday ahead of the Eid el-Kabir holidays.

FMDQ data showed that the naira depreciated to N1,482.72 against the dollar on Friday from N1476.24 on Thursday.

This represents an N6.48 depreciation against the dollar compared to the N1,476.24 traded on Thursday.

Meanwhile, at the parallel, the naira traded for N1,490 against the dollar on Friday, the same figure as on Thursday.

Recalls that the naira depreciated marginally against the dollar on Thursday as foreign exchange transaction turnover crashed to $92.68 million.

In the week under review, the naira appreciated twice against the dollar, the same with its depreciation.

Metro

Nigerian Army arrests fleeing IPOB members in Anambra

Published

on

Last Updated on July 11, 2024 by Fellow Press

Troops of the Nigerian Army have arrested two Indigenous People of Biafra members identified as Ifeanyi Godwin and Uche Onuoha in Anambra State.

The two suspects were intercepted inside an SUV near Umunze, Orumba South Local Government Area with two pump-action rifles and 41 cartridges, among others.

Onuoha and Godwin, according to a post by the Nigerian Army on Wednesday on X.com, had been on the wanted list of the Nigeria Police since 2023.

The Army said, “In Anambra State, troops on patrol successfully intercepted and arrested two suspected IPOB/ESN members identified as Ifeanyi Godwin and Uche Onuoha, in a Toyota Highlander SUV, near Umunze, Orumba South LGA.

“The suspects were found in possession of two pump-action rifles, 41 cartridges, a hand-held communication radio, and fetish objects. Further investigations revealed their involvement in criminal activities and they have been on the Nigeria Police Wanted list since 2023.

“Preliminary investigations further revealed that Ifeanyi Godwin allegedly owns a hotel from proceeds of kidnapping used as an IPOB/ESN operations base.”

The Army said troops also raided the residence of a kidnap kingpin, Bello Chinjdawoje, in Ibadan and recovered two AK-47 riffles.

“Similarly, in Oyo State, troops acting on credible intelligence raided the residence of a suspected kidnap kingpin identified as Bello Chikidawoje, in the Bodija area, Ibadan North LGA. The operation led to the recovery of two AK-47 rifles, magazines loaded with ammunition, and additional rounds buried inside an animal’s cage. Efforts are underway to apprehend Bello Chikidawoje and dismantle his criminal network,” the post added.

In another operation conducted in Katsina, the Army said troops engaged terrorists who blocked the road in Ruma, Yargamji and Batsari in a gun duel, causing them to flee.

It said three empty AK-47 magazines were recovered from the operation.

“In Kankara LGA, Katsina State, troops acted on intelligence about terrorists planning an attack on commuters returning from the village market. Troops confronted the terrorists, leading to the neutralisation of one terrorist and the recovery of an AK-47 rifle and ammunition. The decisive actions of the troops prevented a potential attack and disrupted the terrorists’ plans,” it said.

Continue Reading

Headline

Don’t pay for transformers, cables– NERC

Published

on

Last Updated on July 10, 2024 by Fellow Press

The Nigerian Electricity Regulatory Commission has warned Nigerians against paying for electricity distribution infrastructures such as transformers, cables or poles.

In a statement shared alongside a video on X on Tuesday, NERC emphasised that consumers should not be coerced into purchasing transformers, cables, or poles, as this responsibility lies squarely with the distribution companies.

The statement reads, “Is your distribution company expecting you to buy transformers, cables, or poles? Don’t! It is the DisCo’s obligation, not yours!” NERC stated emphatically.

The regulatory body urged consumers to report any coercion or delays in providing necessary materials by the distribution companies.

The statement added, “Report any coercion to purchase, or delays in providing these materials to NERC for prompt action.”

NERC assured the public of prompt action upon receiving such complaints.

To facilitate this, NERC said it has established a dedicated email and phone number for reporting issues related to network investments.

“A dedicated email and phone number have been set up to address issues relating to investments in the network as follows: idn@nerc.gov.ng 07074865354.

Continue Reading

Facebook

Trending