AGAIN, GOV DIRI TASKS TRADITIONAL RULERS TO MAINTAIN PEACE, SECURITY AT KING AWALA'S CORONATION . (PHOTOS). #PRESS RELEASE

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 Again, Gov Diri Tasks Traditional Rulers To Maintain Peace, Security At King Awala's Coronation  Bayelsa State Governor, Senator Douye Diri, has again urged traditional rulers to remain focused on the maintenance of peace, security and stability in their various domains as part of their contribution towards the development of the state. Governor Diri made the call at the weekend during the coronation ceremony ofHis Royal Majesty King Victor Awala, Ebeni-Ibe the Eighth (VIII) of Atissa Kingdom in the Yenagoa Local Government Area of Bayelsa State, at the Bishop Dimieari Grammar School, Yenagoa, the state capital. Represented by his deputy, Dr Peter Akpe, the Bayelsa Chief Executive acknowledged the critical role traditional rulers play in society as the custodians of culture and tradition, stressing that his administration will continue to hold them in high esteem. Expressing gratitude to the Chiefs and people of Epie-Atissa for their peaceful disposition, Governor Diri, noted...

NAIRA HITS ALL-TIME LOW, CROSSES N1, 500 TO DOLLAR AT OFFICIAL MARKET. (PHOTO).


 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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