ANAMBRA POLICE ARREST SUSPECTED ARMED ROBBERY SUSPECT, RECOVER LARGE QUANTITY OF SUSPECTED CANNABIS SATIVA IN OZUBULU. (PHOTO). #PRESS RELEASE.

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 ANAMBRA POLICE ARREST SUSPECTED ARMED ROBBERY SUSPECT, RECOVER LARGE QUANTITY OF SUSPECTED CANNABIS SATIVA IN OZUBULU The Anambra State Police Command has recorded another operational success following a targeted raid operation conducted by operatives of the Rapid Response Squad (RRS), Awkuzu, in the early hours of 5th November 2026, leading to the arrest of a 24-year-old suspect, identified as Chinedu Simon, in Ozubulu, Ekwusigo Local Government Area of the State. The suspect was arrested over alleged involvement in armed robbery and unlawful possession of a large quantity of substances suspected to be Cannabis Sativa. During preliminary interrogation, the suspect allegedly confessed to involvement in the illicit drug trade. Further intelligence gathered by the operatives indicated that suspected criminal elements allegedly converged at his residence before embarking on criminal activities. The suspect is currently in police custody, while investigations are ongoing to establish ...
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NAIRA WEAKENS TO N1, 590 AGAINST THE DOLLAR IN THE PARALLEL MARKET. (PHOTO).

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 Naira weakens to N1,590 against the dollar in the parallel market.



The Naira dropped to N1,590 per dollar in the parallel market, down from N1,580 per dollar on Monday. In addition, the Naira fell to N1,582.09 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.


Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,582.09 per dollar from N1,570.99 per dollar on Monday, indicating an N11.1 depreciation for the Naira. The volume of dollars traded in the market declined by 18.2 percent to $201.43 million from $246.44 million traded on Monday.


As a result, the gap between the parallel market and NAFEM rate narrowed to N7.91 per dollar from N10.8 per dollar on Monday.


Isa Garba, a currency trader, attributed the Naira's depreciation to increased demand and low supply of the dollar.


Today, the Naira depreciated against the dollar by N10. I bought a dollar at N1580 and sold it for N1,590, compared to yesterday's rate. Today, there is less supply of dollars. The dollar was traded at N1,600 per dollar this morning and closed at N1,590.


"Due to the low supply, few traders were present in the market, adding to the demand and supply pressure."

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