A MANHUNT IS UNDERWAY FOR MAN WHO SHOT A GRANITE CITY POLICE OFFICER MULTIPLE TIMES.(PHOTO).

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  A manhunt is underway for man who shot a Granite City Police Officer multiple times. Officers in Granite City, Illinois, responded to a call regarding a unwanted subject near the 2000 block of Johnson Road at 2:20 p.m. on Friday, December 5th. Upon arrival, officers attempted to make contact with the suspect. The suspect opened fire on officers before fleeing the scene.  Unfortunately, one officer was struck multiple times. The officer was rushed to a St. Louis University Hospital. He is expected to make a full recovery.  A massive manhunt is now underway to locate the suspect. Authorities warn the public that the man is considered armed and dangerous. If you do see him, do not approach, but rather call 911 immediately.  If you recognize the man in the photos or have any information regarding this incident, please call the Granite City Police Department at 1618-877-6111 There was a heavy police presence in Granite City in a different part of town tonight but that w...
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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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