GOV. ABBA YUSUF SACKS KANO STATE HEAD OF SERVICE . (PHOTO).

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 GOVERNOR ABBA  YUSUF SACKS  KANO STATE HEAD OF SERVICE   The Executive Governor of Kano State, Abba Kabir Yusuf, has relieved the State Head of Service, Abdullahi Musa, of his appointment with immediate effect. In a statement  by the Director General, Media and Publicity to the Governor, Sunusi Bature Dawakin Tofa, the decision is part of the ongoing efforts by the present administration to reposition the state civil service for greater efficiency, discipline, and improved service delivery across all government institutions. Governor Yusuf expressed appreciation to the outgoing Head of Service for his contributions and dedication to the service of the State  The statement further directed that Bilkisu Shehu Maimota, the Permanent Secretary, Admin and General Services at the Cabinet Office, to serve in an  acting capacity pending the appointment of a substantive Head of Service. It notes that the outgoing Head of Service is directed to handover th...
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NAIRA APPRECIATE SIGNIFICANTLY AMID CBN INTERVENTION. (PHOTO).

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 Naira appreciates significantly amid CBN intervention


The Naira closed the week positively, appreciating marginally against the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s sweeping policy interventions.


Data from FMDQ showed that the Naira appreciated N1,435.53 per US Dollar on Friday from N1461.90 on Thursday.


This represents a 1.8 per cent or 26.37 gain compared to N1461.90 recorded at the close of trading on Friday.


This is the second time the Naira has appreciated marginally in the week under review.


Similarly, the Naira recorded a gain at the parallel Market, which traded at 1,440 per US dollar on Friday from N1,470 the previous day.


In the last four days, CBN, under its Governor, Olayemi Cardoso, has released four policy reforms to wrestle down the free fall of Naira.


CBN also issued a guideline on Wednesday to curb foreign currency hoarding and speculation.


Also, during the week, the bank issued fresh guidelines for International Money Transfer Operators in Nigeria and removed the cap on the exchange rate quoted by IMTOs.


However, the most popular African nation’s currency, the Naira, hiked to N1,435.53 in the week under review from N891.90 per US dollar it traded seven days ago.

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