NUT PROTEST : WIKE WARNS AGAINST POLITICISING INSECURITY. (PHOTO).

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 NUT Protest : Wike Warns Against Politicising Insecurity The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has warned against politicising insecurity amid protests by the Nigeria Union of Teachers, FCT wing, over the killing and abduction of school staff and children in Oyo State. Teachers stormed the FCTA Secretariat in Abuja to condemn the killing of Michael Oyedokun and to demand the release of abducted pupils and teachers from Community High School, Ahoro-Esinle in Oriire Local Government Area. The FCT minister addressed the protesters on Tuesday, saying the federal government is on its toes working to secure the rescue of the schoolchildren and their teachers. Wike urged protesters to avoid turning the tragedy into a political issue and to give security efforts time to produce results. Chairman of the union in the FCT, Mr Abdullahi Shafa, explained that the nationwide solidarity protest was to condemn the killing of the teacher and abduction of the school chil...
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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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