UNKNOWN INDIVIDUALS LOOTED PALLIATIVES AT OUR OWERRI RALLY – CITY BOY MOVEMENT. (PHOTO).

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 Unknown individuals looted palliatives at our Owerri rally – City Boy Movement An empowerment programme organised by the City Boy Movement, a support group for President Bola Tinubu, descended into disorder on Saturday when a large crowd surged forward and looted items intended for distribution to beneficiaries across Nigeria's South-East region. The event, held at Heroes Square in Owerri, marked the official launch of the Renewed Hope National Tour and the City Boy Movement South-East Youth Tour and Empowerment Programme on March 14, 2026. It aimed to provide support to young people, market traders, and vulnerable individuals from Abia, Anambra, Imo, Ebonyi, and Enugu states. Items prepared for distribution included shuttle buses, sewing machines, deep freezers, grinding machines, barbing kits, wheelchairs for persons with disabilities, smartphones for content creators, generator sets, laptops, cash grants, farming kits, fertilizers, and hair salon equipment. According to the mov...
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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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