IYIENU COLLEGE OF NURSING SCIENCES MATRICULATES, CAPS 183 STUDENT NURSES. (PHOTO).#PRESS RELEASE

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 Iyienu College of Nursing Sciences Matriculates, Caps 183 Student Nurses ‎ ‎By Nneka Ejeckam ‎ ‎The College of Nursing Sciences, Iyienu, has matriculated and capped 183 student nurses of the 2025 set of National Diploma (ND) Nursing students. ‎The ceremony, held on October 2, marked an important milestone in the academic and professional journey of the student nurses.  ‎ ‎The Proprietor and Bishop on the Niger, His Lordship, the Rt. Rev. Owen Chiedozie Nwokolo, was represented at the event by Ven. Frank Obi. The occasion attracted dignitaries, government representatives, captains of industry, parents and other guests who gathered to celebrate the achievement of the student nurses. ‎ ‎Speaking on behalf of the Bishop, Ven. Frank Obi thanked God for the successful ceremony and congratulated the matriculating and capped students on their achievement. He urged the students to remain determined, persistent and diligent in their studies, noting that with trust in God, their hands a...
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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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