YOBE STATE GOVT APPROVES ENROLLMENT OF RETIREES INTO THE STATES HEALTHCARE MANAGEMENT. (PHOTO).

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 YOBE STATE GOVERNMENT APPROVES ENROLLMENT OF RETIREES INTO THE STATES HEALTHCARE MANAGEMENT  Yobe state government has approved the enrollment of the state and local government retirees into the state  contributory  Healthcare Management Agency (YSCHMA) social equity programme, marking a significant milestone in the state's effort to strengthen social protection and expand access to quality healthcare . Announcing the development, the Executive Secretary of the Agency ,Dr Babagana Tijjani said the initiative is designed to eliminate the financial burden of our of pocket health care expenditure among pensioners by providing them with access to comprehensive, affordable and quality healthcare services through YSCHMA accredited health facilities across the state.                 According to Dr Tijjani, the approval reflects Governor Buni's unwavering commitment to improving the welfare of retirees and ensuring that senior c...
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NAIRA FALLS TO N1200/$ IN PARALLEL MARKET, GAINS 11% IN NAFEM. (PHOTO).

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Naira falls to N1200/$ in parallel market, gains 11% in NAFEM

The naira depreciated yesterday to N1,1200 per dollar in the parallel market from N1,172 per dollar on Wednesday.

However, the naira yesterday appreciated to N843.07 per dollar in the Nigerian Foreign Exchange Market (NAFEM).

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N843.07 per dollar from N951.22 per dollar on Wednesday, indicating 11 percent or N108.15 appreciation for the naira.

As a result, the gap between the official and parallel market exchange rates widened to N356.93 per dollar yesterday from N220.78 per dollar on Wednesday.

Mr. Yakubu Ahmed, a black market trader said high demand for dollars still persists despite traders’ anticipation of a positive change in the trend of the foreign exchange rate.

“There is still high demand for dollars but little access to it. I sold a dollar today for N1,200 and bought for N1,180.  

“Though we anticipate a positive change from the current trend of depreciation of the naira.

“But most traders are still worried that the naira might be in a falling trend for a long period due to decline in foreign exchange inflows which is also affecting the official market.”

 

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