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 DEPRECIATES TO N1, 500/$ AT PARALLEL MARKET. (PHOTO).

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Naira depreciates to N1,500/$ at parallel market

The Nigerian naira, on Wednesday, depreciated to N1,500 at the parallel section of the market.

The rate is a 3.45 percent decrease from the N1,450 per dollar recorded on Monday.

Currency traders in Lagos, also known as Bureau De Change operators (BDCs), quoted the buying rate of the greenback at N1,490 and the selling price at N1,500 — leaving a profit margin of N10.

At the official window, the local currency appreciated by 1.05 percent to N1,418/$ on Wednesday — from N1,433/$ on Tuesday.

According to FMDQ Exchange, a platform that oversees official foreign exchange (FX) trading in Nigeria, the naira traded as high as N1,510 and as low as N896.28 — with a daily turnover of $203.93 million.

Meanwhile, on February 1, 2024, the Central Bank of Nigeria (CBN), continued its foreign exchange market reforms by removing the limit on the FX rate quoted by international money transfer operators (IMTOs).

“For the avoidance of doubt, by this circular, the cap on allowable limit of -2.5% to +2.5% around the previous day’s closing rate of the Nigerian Foreign Exchange Market is hereby removed,” the apex bank said.

CBN instructed the money transfer operators to quote exchange rates based on the prevailing market rates at the FX market.

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