SATURDAY 4TH NOVEMBER 2023

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Naira Continues Recovery, Strengthens to N950/$ at Parallel Market Traders with dollars acquired at very high rates incur heavy losses Nume Ekeghe The Naira continued its rebound against the United States Dollar yesterday, strengthening to N950/$ on the average in the parallel

market. This represents a N175 gain for the local currency compared to the N1,125/$ it traded for on Thursday. Simultaneously, the official Investors and Exporters (I&E)

window reflected renewed vigour, trading at an impressive rate of N776.14 per US dollar yesterday as it appreciated from the N793.28/$1 at the close of Thursday's trading session.

Analysing intraday data provided by FMDQ, the highest spot rate observed was N1,100.60/$1, while the lowest spot rate recorded was N700/$1. Moreover, the official I&E

window reported a daily volume turnover of $98.82 million, indicating a 27.41 per cent decrease when compared to the previous day's turnover of $136.11 million. This is the second day of recovery

for the Naira following the Central Bank of Nigeria’s commencement of the clearance of some of its FX backlog on Thursday, marking Continued on page 5

After Long Legal Process, France Returns $150m Abacha Loot to Nigeria...

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Saturday 4 November, 2023 Vol 28. No 10433

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NLC, TUC Declare Strike Wednesday to Protest Ajaero’s Attack...

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Army, DSS Foil Boko Haram Attack in Kano FAO warns of food crisis in Borno, Sokoto, Zamfara states

Kingsley Nwezeh in Abuja and Ahmad Sorondinki in Kano The Nigerian Army and the Department of State Services

yesterday successfully averted a planned attack on Gezawa Local Government Area of Kano State by Boko Haram. On the same day, the Food and

Agriculture Organisation (FAO) warned of a food crisis that may affect no fewer than 2.6 million Nigerians in Borno, Sokoto and Zamfara states, mainly due to the

activities of terror groups. A statement, signed by the Director of Army Public Relations, Brigadier General Onyema Nwachukwu, said the Boko Haram

members apprehended yesterday were getting ready to unleash a major terror on Kano State before they were arrested. During the operation, the

security agencies recovered from the terrorists, five AK 47 Rifles, five AK 47 Rifle Magazines, one Continued on page 5

Cabinet Retreat Ends,Tinubu Charges Ministers to Bury Personal Ambitions for Nigeria's Sake Ministers, permanent secretaries sign performance bonds with President Deji Elumoye in Abuja President Bola Tinubu has charged his 48 Ministers, advisers and other aides to put aside their personal interest and focus on his government's immediate concern of pulling Nigeria out of poverty. The President gave the advice yesterday at the close of the three-day retreat for ministers, permanent secretaries, presidential aides and other top government officials at the State House, Abuja. He told the participants that they have the responsibility to change the narrative about the country, noting that if they have any problem about Nigeria, they should have a conversation about it. President Tinubu stressed the need for the officials to bond and ensure that the country recovers from “elephantiasis.” President Tinubu said: “We have gathered here to shape the future, no threat about it. The responsibility we bear are not just titles, they are the hope and Continued on page 5

WAR AGAINST DRUG ABUSE… L-R: Delta State Governor, Sheriff Oborevwori and the Chairman/Chief Executive Officer, National Drug Law Enforcement Agency, NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) during Marwa’s War Against Drug Abuse, WADA, advocacy visit to the governor in Asaba…recently.


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