The naira has fallen terribly in the black market as Nigeria battles with hyper-inflationary trend.
These are the currency exchange rates for today, December 2, 2016, powered by Zenith Bank Plc. This state of the naira against the dollar is expected to worsen Nigeria’s economic
The naira is having a hard time standing against the dollar as the currency takes the worst nose-dive in recent weeks.
See snapshot of both interbank and parallel market
A military aircraft recently released from presidential fleet and handed over to the Nigerian Air Force (NAF) has reportedly crashed in Makurdi, Benue State.
It was gathered from a senior Air Force officer in Makurdi that the Augusta AW101 helicopter crashed after landing.
The source, who pleaded not to be named, said it was not a major crash.
“What happened was that the helicopter had landed but suddenly moved up and tumbled,” the source added.
Our correspondent learnt that only the flight engineer was […]
The naira has again has taken a nosedive in the black market following days of struggles with the dollar.
These are the currency exchange rates for today, November 17, 2016 as powered by Zenith Bank Plc. It would be recalled that the naira exhanged for N455 to a dollar yesterday before falling to N465
About 90 per cent of accidents witnessed on the roads in the country are caused by fake vehicle parts fixed mostly by mechanics, the Federal Road Safety Corps has said.
The FRSC Sector Commander in Abuja, Mr. Sunday Oghenekaro, who was represented by the Superintendent Route Commander, Mr. Barnabas Asongo, said this in an interview after inaugurating the new leadership of the Association of Auto Works and Technicians of Nigeria (FCT chapter).
Oghenekaro, therefore, appealed to vehicle mechanics to always stick to […]
According to reports, the Federal Road Safety Commission on Tuesday said it had recorded 143 deaths from 313 road crashes in two weeks nationwide.
Statistics made available to the News Agency of Nigeria in Abuja by Bisi Kazeem, the Head Media Relations and Strategy, said the crashes involved 502 people in weeks 40 and 41, 2016.
Kazeem said that 899 people were injured in the crashes, while 1, 044 people were rescued without injury.
He said that 41,190435 people traveled within the period, […]
A man has got himself into serious trouble after crashing his boss’ car into others in Lagos.
A man has crashed his employer’s car into some parked cars.
According to Cool FM OAP, Daddy Freeze, this happened this morning at 1004 apartments, Victoria Island, Lagos.
Narrating what happened, Freeze said the driver crashed a black Mercedes-Benz M-Class SUV into four cars that were parked.
“Driver crashes his employers black Mercedes MClass (the black Benz MClass jeep in the video) […]
Naira has tumbled again in the parallel market thereby dashing the hopes of a possible recovery in the course of the week.
These are the currency exchange rates for today, September 22, 2016, powered by Zenith Bank. It would be recalled that the naira was exchanged for a dollar at the rate of N424 yesterday at the black market but it has fallen to N428 today.
Meanwhile, the interbank rate has remained stagnant since last
It was gathered that the Nigerian currency on Wednesday depreciated against the three major currencies in all the segments of the Forex market, the News Agency of Nigeria reports.
At the Interbank market, the Naira fell by 0.25 points to exchange at N310.08 from N309.83 posted on Tuesday.
Trading at the Bureau De Change market showed that the naira lost 1 point to close at N424 from N423 traded on Tuesday, while it exchanged at N549 and N468 against the Pound Sterling […]
According to reports, the Corps Marshal of the Federal Road Safety Commission, Dr. Boboye Oyeyemi, on Tuesday said South West states recorded the highest number of road crashes during the commission’s just-concluded Special Sallah Patrol.
Oyeyemi said this when he spoke at the Zonal Commanding Officers Workshop in Abuja.
He said the affected states included Ondo, Osun and Oyo, which recorded the highest number of the crashes.
Oyeyemi said: “The crash pattern has shifted again to the South West and most of the […]