UPDATE: EMBATTLED CANADIAN PM TRUDEAU SAYS HE WILL RESIGN AFTER NEW PARTY LEADER CHOSEN.(VIDEO/PHOTO).

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  Embattled Canadian Prime Minister Trudeau says he will resign after new party leader chosen Justin Trudeau has said he intends to step down after nine years as Canadian prime minister in the face of a mounting set of crises, leaving office once a new ruling party leader is chosen. “I intend to resign as party leader, as prime minister, after the party selects its new leader,” the 53-year-old leader told reporters at a news conference in Ottawa on Monday. “I care deeply about this country and I will always be motivated by what is in the best interests of Canadians. And the fact is, despite best efforts to work through it, parliament has been paralyzed for months after what has been the longest session of a minority parliament in Canadian history,” he said, adding that the country’s parliament will be suspended until March 24 while a new leader is chosen. Trudeau, leader of the Liberal Party for 11 years and prime minister for nine, was facing a mounting set of crises, from Donald ...
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NAIRA FALLS TO N1, 660/$ IN PARALLEL MARKET. (PHOTO).

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  Naira Falls to N1,660/$ in Parallel Market


The Nigerian Naira has further depreciated in the parallel market, trading at N1,660 to the US dollar. This development reflects increasing pressure on the local currency amidst ongoing economic challenges.  


The decline is attributed to a combination of factors, including heightened demand for foreign exchange, reduced dollar inflows, and limited intervention from the Central Bank of Nigeria (CBN).  


Market analysts warn that the persistent depreciation could further impact inflation rates, cost of living, and the purchasing power of citizens, urging swift policy measures to stabilize the currency.

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