‘FRIEND OF A THIEF IS A THIEF’, DEFENCE MINISTER WARNS TERRORIST SPONSORS. (PHOTO).

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 ‘Friend Of A Thief Is A Thief’, Defence Minister Warns Terrorist Sponsors The Minister of Defence, General Christopher Musa (rtd), has cautioned Nigerians against aiding terrorists, insurgents, bandits, or other criminal elements, stressing that anyone who supports criminal activities will face the full weight of the law. General Musa made the warning on Saturday while speaking as the Special Guest of Honour at the Armed Forces Celebration and Remembrance Day 2026 Golf Tournament held at the TYB Golf Resort and Country Club, Yar’Adua Barracks, Abuja. He urged citizens to continue supporting the Armed Forces and other security agencies, noting that the Federal Government has given them a clear mandate to deal decisively with all threats to national security. “I call on all Nigerians to stand with the Armed Forces and security agencies in the quest for peace,” Musa said.  “Those who continue to support bandits, insurgents, terrorists, or criminals must desist immediately. As th...
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NAIRA HITS ALL-TIME LOW, CROSSES N1, 500 TO DOLLAR AT OFFICIAL MARKET. (PHOTO).

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 Naira Hits All-Time Low, Crosses N1,500 To Dollar At Official Market


There is no end in sight to the lingering foreign exchange crisis as dollar crossed over N1,500 at the official market.


The dollar closed at 1,534.39 at the official market on Monday, according to the FMDQ data.


This is the first time the dollar would be exchanging at over N1,500 since the crisis putting more pressure on businesses and importers.


This is despite the several measures and interventions by the Central Bank of Nigeria (CBN) aimed at stabilising the market.


However, local currency has defied all the interventions and continues to depreciate against the foreign currency.


Already the impact of this could be felt in several sectors with Nigerians experiencing alarming inflation and increased food prices.


Despite the dollar exchanging at N1,534 at the official market, it has stabilized at the unofficial parallel market exchanging between N1,450 and N1500.

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