NUJ GIVES RIVERS POLICE 14 DAYS TO APOLOGIZE FOR ASSAULTING JOURNALISTS OR FACE MEDIA BLACKOUT. (PHOTO).

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  The Rivers State Council of the Nigeria Union of Journalists (NUJ) has issued a 14-day ultimatum to the Rivers State Police Command, demanding a public apology for the assault on five journalists during a peaceful protest in Port Harcourt. Failure to comply, the union warned, would result in a statewide media blackout. In a statement jointly signed by Council Chairman Comrade Paul Bazia and Secretary Dr. Ijeoma Tubosia, the NUJ condemned the police actions as “unprovoked, barbaric, and inhuman,” calling for the immediate identification and prosecution of the officers involved. “The NUJ, as a watchdog of society, will not sit idly by while media practitioners are subjected to barbarism and brutality. Enough is enough,” the statement read, adding that further attacks on journalists would be “vehemently resisted.” The assaulted journalists—Charles Opurum of Channels TV, Allwell Ene of Naija FM, Soibelemari Oruwari of Nigeria Info, Ikezam Godswill of AIT, and Femi Ogunkhilede of Supe...
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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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