NAIRA APPRECIATES MASSIVELY AGAINST DOLLAR AA FX SUPPLY RISE. (PHOTO).

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 Naira appreciates massively against dollar as FX supply rise The naira appreciated significantly against the dollar at the foreign exchange market as FX supply increased on Tuesday. FMDQ data showed that the naira gained to N1561.76 against the dollar on Tuesday from N1635.15 exchanged on Monday. This represents an N73.39 appreciation. Meanwhile, the naira fell further against the dollar at the black market to N1780 per dollar on Tuesday. The foreign currency transaction turnover increased to $253.68 million on Tuesday. $126.24 million traded on Monday, according to FMDQ data. The last time the naira appreciated at the official foreign exchange market was last Friday when it stood at N1631.21 per dollar. Fluctuations in the FX market have been a recurring decimal despite the interventions of the Central Bank of Nigeria in the past months.

BURKINA FASO SUSPENDS VOICE OF AMERICA FOR INSURGENCY REPORT. (PHOTO).


 Burkina Faso suspends Voice of America for insurgency report


Burkina Faso's junta has suspended US-funded broadcaster Voice of America for three months over comments about a militant insurgency in West Africa's Sahel region, and temporarily banned local news outlets from using any international media reports, authorities.


The superior council for communication (CSC) accused Voice of America (VOA) of demoralising troops in Burkina Faso and neighbouring Mali in a discussion on September 19 that was also broadcast by a private local radio station.


It said the reporter described an attack on Bamako last month as "courageous", criticised security operations and provided an unfounded death toll for an attack on a Burkina Faso town that killed hundreds in August, according to Reuters.


Last month, the CSC withdrew the radio frequencies of France's popular RFI radio, which regularly reports on the Sahel. It did not provide an explanation for its removal.

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