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CBN dismisses reports of naira devaluation, says $1/N465 remains
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CBN dismisses reports of naira devaluation, says $1/N465 remains
The Central Bank of Nigeria (CBN) has dismissed reports claiming that the apex bank has devalued the naira to about 630 naira to a dollar.
The report on the currency devaluation was earlier made by one of the national dailies and circulated by others.
However, in a statement on Thursday, the bank’s Acting Head of Corporate Communications, Dr Isa Abdulmumin, described it as a falsehood.
“The news report, which in the imagination of the newspaper is exclusive, is replete with outright FALSEHOODS and destabilizing innuendos, reflecting potentially willful ignorance of the said medium as to the workings of the Nigerian Foreign Exchange Market,” he said.
The statement further adds that for the avoidance of doubt, the exchange rate at the Investors’ & Exporters’ (I&E) window traded this morning (June 1, 2023) at N465/US$1 and has been stable around this rate for a while.
The apex bank cautioned Nigerians to ignore the claim in its entirety, as it is speculative and calculated at causing panic in the market.
Headlines
Police arrest 6 for vandalism, receipt of stolen items in Jigawa
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The Police Command in Jigawa, has arrested six suspected vandals in the Kazaure Local Government Area of the state.
The command’s Public Relations Officer, SP Lawan Shiisu, confirmed the arrest in a statement in Dutse on Monday.
Shiisu said that five of the suspects, aged between 28 and 53, were arrested for vandalism, while the sixth suspect, a 30-year-old, was apprehended for allegedly receiving stolen items.
He explained that two of the suspects were arrested on Feb. 26 after allegedly vandalising streetlight, armoured cable wires and individual conduit service wires in the Bandutsi area of the LGA.
He added that three more suspects were arrested on Feb. 28 after allegedly conspiring to vandalise approximately 2,000 meters of high-tension wire in the Faru and Daba villages of the same LGA.
According to him, during interrogation, the suspects identified Musa Yahaya, a 30-year-old from the Wajen Gabas area in Kazaure town, as an accomplice and the receiver of the stolen items.
The command’s spokesperson alleged that Yahaya was aware that the cable wires belonged to the government and were stolen items.
He added that the suspects, who had allegedly confessed to the crime, had since been charged to court.
Headlines
Supreme Court nullifies Rivers LG elections
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The Supreme Court on Friday, nullified the Local Government election in Rivers State, which was conducted on Oct. 5, 2024.
A five-member panel of the apex court unanimously held that the election was conducted in violation of relevant laws.
Justice Jamilu Tukur, in the lead judgment, agreed with the appellant, the All Progressives Congress (APC), that conditions precedent were not complied with before the Rivers State Independent Electoral Commission (RSIEC) held the election.
Justice Tukur held that there was no evidence that the voters’ registration continued until 90 days before the election and that the requisite notices were issued as required by law.
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Anike Agbaje-Williams, Africa’s First Face on TV, Passes Away at 88
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Nigeria has lost a broadcasting icon as Chief Anike Agbaje-Williams, Africa’s first female television broadcaster, has passed away at the age of 88.
Her family announced her passing in a statement signed by Mrs. Banji Sokoya, revealing that the veteran broadcaster died peacefully in Ibadan, where she lived most of her life.
“Goodnight, my ever so cherished mummy, boss, and mentor. We’ll surely see in the morning,” the statement read.
Born on October 23, 1936, Agbaje-Williams made history as the first face to appear on television in Africa when she featured on Western Nigerian Television (WNTV) in Ibadan during its test transmission and official launch on October 31, 1959. She was also the first voice heard on Africa’s first commercial radio station, Western Nigeria Broadcasting Service (WNBS), earning her the title of “Double-First.”
She had a distinguished career in broadcasting, rising through the ranks to become a respected producer and director of programmes before retiring in July 1986.
A devoted member of All Saints Church, Jericho, Ibadan, she was also one of its oldest choristers. Her family described her as a beloved mother, grandmother, and great-grandmother whose legacy will be cherished forever.
“The family profoundly mourns the passing of a great icon. We take comfort in knowing she lived a glorious, remarkable, and impactful life. She inspired many fans and mentees over the years,” the statement read.
The family has requested privacy during this period of mourning, with funeral arrangements to be announced later.
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