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.
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MANY FEARED DEAD IN LAGOS BOATS ACCIDENT. (PHOTO).

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 Many feared dead in Lagos boats accident 


No fewer than twenty people have reported lost their lives after two passenger boats capsized in Lagos on Monday night.


The boats said to be conveying 16 passengers each, caved in after a collusion which occurred around 7pm, at Imore lagoon.


It was however unclear where the boats loaded and where they were headed at the time of the accident.


Police spokesman, SP Benjamin Hundeyin who confirmed the incident, said 11 of the passengers were rescued.


He said the boats were unregistered, adding that a report about the accident was made at the Ilashe Police Division.


Hundeyin said all 32 passengers and their goods drowned when the boats capsized, adding that it took the intervention of the police, local divers and other emergency responders to rescue the 11.


He said those rescued had injuries and were rushed to the Naval Town Hospital in Ojo for medical attention, adding that search and rescue operations were ongoing for the remaining victims.


Efforts to get comments from the Lagos State Emergency Management Agency (LASEMA) were unsuccessful as calls to the Permanent Secretary, Dr. Femi Osayintolu were unanswered.

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