BLORD IS OUT FROM KUJE PRISON AFTER PERFECTING ALL HIS BAIL CONDITIONS.(PHOTO).

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 So Linus Williams (Blord) has been released from Kuje prison after fulfilling his bail conditions, finally, freedom after a few weeks in custody. However, here’s the current position of his case:  He is still expected to show up and stand his trial.  If he fails to appear in court even for one day, his bail can be revoked and a bench warrant may be issued against him, meaning a return to Kuje. If the prosecution cannot prove the charges against him, he will be discharged and acquitted. If the prosecution proves the charges, he may be sentenced and sent back to Kuje. I think he should seek a peaceful resolution to the case. Congrats to him on his freedom for now.
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NAIRA DEPRECISTES TO N1, 610/$ IN PARALLEL MARKET. (PHOTO).

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 Naira depreciates to N1,610/$ in parallel market


The Naira on Friday depreciated to N1,610 per dollar in the parallel market from N1,580 per dollar on Thursday.


Similarly, the Naira yesterday depreciated to N1,609.29 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.


Data from FMDQ showed that the indicative exchange rate for NAFEM  rose to N1,609.29  per dollar from N1,603.8  per dollar on Thursday, indicating N5.49 kobo depreciation for the naira.


The volume of dollars traded (turnover) in the market increased by 28.6 percent to $168.63 million from $131.09 million traded on Thursday .


Consequently, the margin between the parallel market and NAFEM rate narrowed to 71 kobo  per dollar from N18.8 per dollar  on Thursday.

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