RUSSIA UNLEASHES MASSIVE DRONE AND MISSILE BARRAGE ON KYIV, INCLUDING RARE ORESHNIK HYPERSONIC STRIKE, KILLING AT LEAST FOUR AND INJURING DOZENS. (PHOTO).

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 Russia unleashes massive drone and missile barrage on Kyiv, including rare Oreshnik hypersonic strike, killing at least four and injuring dozens Russia launched one of its largest aerial attacks in months on Kyiv and surrounding areas, unleashing hundreds of drones and missiles in an overnight barrage that killed at least four people and injured more than 80, Ukrainian officials said. Authorities reported widespread damage across the capital region, including destroyed residential buildings, damaged schools, and strikes on infrastructure as emergency crews worked through the night to extinguish fires and clear rubble. Officials said the assault included the use of an Oreshnik hypersonic missile, which was fired near the capital and marked only the third known deployment of the system in the war since Russia’s full-scale invasion began in 2022. The missile, which is believed to have a long range and potential nuclear capability, was part of a larger wave of roughly 90 missiles and ...
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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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