COURT RESTRAINS RESIDENT DOCTORS FROM EMBARKING ON STRIKE. (PHOTO).

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 COURT RESTRAINS RESIDENT DOCTORS FROM EMBARKING ON STRIKE  The national industrial court Abuja division has restrained all members and agents of the national association of resident doctors from calling, directing, organizing, participating in, and embarking upon any form of industrial action.  Justice Emmanuel Danjuma Subilim gave the order in an interim injunction filed by the federal government through the office of the attorney general of the federation and minister of justice.  The court temporally barred members of the association from embarking on any form of strike, work stoppages, go-slows, picketing, or any other form of industrial protest or disruption. The association is equally restrained from taking steps preparatory to any form of industrial action from the 12th day of january, 2026. The interim order remains in force pending the hearing and determination of the motion on notice fixed for the january 21, 2026. The association had earlier threatened to...
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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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