PORTABLE APOLOGISES TO SAHEED OSUPA, SHOWS OFF NEW LOOK AFTER RELEASE. (PHOTO).

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 Portable apologises to Saheed Osupa, shows off new look after release Controversial Nigerian singer, Habeeb Okikiola, popularly known as Portable, has publicly tendered an apology to Fuji music icon, Saheed Osupa, following his recent arrest and brief remand in a correctional facility. Beauty products Earlier this week, Portable was arrested by the Kwara State Police Command over allegations including criminal defamation, threat to life, incitement, and conduct likely to cause a breach of peace. The charges stemmed from a series of online statements he made about the veteran Fuji singer. The singer, who failed to meet the bail conditions of ₦1 million and two sureties — one of whom must be the Chairman of the Performing Musicians Association of Nigeria (PMAN) — was remanded before receiving a lifeline.Beauty products In a surprising turn, Saheed Osupa chose to withdraw the case on Tuesday after receiving appeals from several prominent Nigerians. In a statement, Osupa clarified tha...
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NAIRA DEPRECIATION CONTINUES AS DOLLAR SUPPLY FALLS TO ALL-TIKE LOW AT DOREX MARKET. (PHOTO).

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 Naira depreciation continues as dollar supply falls to all-time low at forex market


Naira depreciation continued as US dollar transactions at the official foreign exchange market dropped to an all-time low of $84.38 million.


This is according to FMDQ data at the close of work on Thursday.


The day-to-day FX supply turnover dropped from $160.77 million on Tuesday to $84.38 million on Thursday.


Consequently, the Naira further dipped to N1459.73 per dollar on Thursday from N1416.57 on Wednesday.


This represents an N43.17 depreciation against the dollar at the official foreign exchange market.


Similarly, the Naira dropped to N1,450 per dollar on Thursday in the parallel market section, compared to N1,438 the previous day. This brings the gap between the official and parallel markets to N9.73.


Naira’s depreciation has been consistent for days now in the FX market.


The country’s forex instability has persisted despite the recent surge in foreign reserves by $262 million.

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