A section of Ilepo Market at Oke Odo, Lagos State, has been set on fire as hoodlums clashed with traders in the market over bet money. Some witnesses told our correspondent that the crisis started yesterday evening and escalated today, reports Daily Trust. The police are on the ground trying to restore normalcy. “One of […]
•Naira and Dollar For the umpteenth time, Nigerian currency Naira yesterday depreciated at the official market, trading at N1,300.15 to the Dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N65.66, reports Nigerian...
•Naira and Dollar The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market yesterday, according to data obtained from the FMDQ securities exchange. The exchange rate means the naira fell by N65 or 5.26 per cent from N1,169.99/$1 recorded on Friday, reports The PUNCH. The local [&hell...
•Bandits At least three persons have been reportedly killed while several others were injured as bandits invaded a market in Tsafe town, headquarters of Tsafe Local Government Area of Zamfara State. An eyewitness narrated that the bandits stormed the market today and opened fire on the marketers, reports Channels TV. The spokesperson of the Ni...
•New flagship Galaxy phone packed with artificial intelligence features Samsung regained its position as the top smartphone seller, wresting back the lead from Apple as Chinese rivals close the gap on both market leaders, industry tracker International Data Corporation (IDC) reported yesterday. South Korea-based Samsung overtook Apple as world...
•Dosunmu, Lagos market fire Alhaja Mainat Bakare’s voice broke at intervals as she struggled to hold back tears from her reddened eyes while speaking with our correspondent. The businesswoman could hardly find words to describe how her warehouse on Dosunmu Street, in the Lagos Island area of Lagos State, which was recently restocked with goods...
•Sanwo-Olu More buildings will be demolished to allow for proper cleanup of the Dosumu market, Governor Babajide Sanwo-Olu said today, Thursday, April 11. He spoke when he visited the scene with some members of the State Executive Council, reports The Nation. The governor had earlier ordered a stop of commercial activities in all markets in [&...
The Lagos State government has suspended commercial activities in Dosunmu Street and its immediate environs following the fire which engulfed part of the market. Special Adviser to the Governor on CBD, Mrs. Bola Olumegbon-Lawal, said the measure became necessary to prevent further loss of life and property, and to maintain peace and order in t...
The naira yesterday closed at N1,240 to dollar in the parallel market. It closed at N1,245 to dollar on Wednesday, representing N5 to dollar appreciation. The local currency has of recent commenced rapid recovery, as volatility in the market dropped after the Central Bank of Nigeria (CBN) commenced dollar sales to bureau de change operators, [...
•Fire Several shops were this morning razed by a fire outbreak at Owode Market in Offa, Kwara State. It was learnt the inferno resulted in the destruction of numerous shops, reports The Nation. A video of the incident seen by our correspondent captured the moment some of the shop owners watched their properties destroyed by […]