Naira Extends Gains, Now N1,490/$ on Parallel, N1,502/$ on Official FX Markets Analysts applaud FX policies, predict sustained gains for local currency
Nume Ekeghe
The naira has recorded steady appreciation over the past 21
days, reflecting increased stability in Nigeria’s foreign exchange market. Precisely, on the parallel market, some FX dealers in Lagos traded
the naira at N1,490/$, yesterday, while on the official Nigerian Foreign Exchange Market (NFEM) the naira exchange rate against the dollar
closed at N1,502/$. On the parallel market, the naira exchange rate has significantly appreciated comparing the N1,620/$
it was at the beginning of this month to N1,490/$ yesterday, signalling a N130 gain so far this month. However, on the official FX market
the naira which stood at N1,477.9/$ on January 31, closed yesterday at Continued on page 5
FG Targets $72bn Revenue from Livestock by 2030...
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Osun: Court Orders State Electoral Body to Conduct Election Today Governor Adeleke insists polls will hold Police: We have intelligence elections will turn violent APC kicks
Chuks Okocha, Linus Aleke in Abuja and Yinka Kolawole in Osogbo
An Osun State High Court sitting in Osogbo yesterday ordered the State Independent Electoral Commission (OSIEC) to conduct the local
government election scheduled for today, February 22, 2025. This was as Governor Ademola Adeleke yesterday insisted that the
local government election scheduled for today will be held unfailingly under the supervision of the Osun State Independent Electoral Commission
(OSSIEC). The Governor made the assertion while receiving a delegation of civil society coalition who are in the state to
monitor the local government elections. In an enrollment order brought Continued on page 5
June 12: Mixed Reactions Trail Revelations by IBB, Questions Arise Over Abiola, Kingibe’s Privileges
Senior lawyers, activists knock, hail former president Hafsat Abiola-Costello: I will forever be grateful to my dad, mum for not allowing fear stand in their way for better Nigeria Abdulmumuni Abiola: It’s healing to see IBB express regret Ozekhome urges Nigerians to accept remorse, says it takes immense courage to offer public apology Atedo Peterside: Are we supposed to clap because he told truth after three decades Chuks Okocha in Abuja, Wale Igbintade and Sunday Ehigiator in Lagos The launch of former military president Ibrahim Babangida’s autobiography, ‘A Journey in Service,’ has continued to generate reactions from prominent lawyers and human rights activists, following his admission almost 32 years after the annulment of the June 12, 1993 presidential election which was widely adjudged freest, fairest, and most credible poll in the history of the country, that Chief Moshood Kashimawo Olawale Abiola, popularly known as MKO Abiola, was the winner. Babangida officially launched the book on Thursday, in Abuja and since then questions have arisen as to whether or not the Abiola family, as well as his vice presidential running mate,
Baba Gana Kingibe would get full pension and privileges following the open admission by Babagida that they won the election and the granting of legitimacy to that election by former President Muhammadu Buhari. Some public affairs commentators are asking if the law that allows all former Heads of State, presidents and vice presidents get payment, security, medical services, accommodation, vehicles, vacation, allowances to family members of deceased presidents, Heads of State and vice presidents, and other benefits would be extended to the Abiola family and Kingibe. Buhari had in 2018, directed that Democracy Day should be marked every year on June 12, rather than May 29, in honour of Late MKO Abiola. Continued on page 5
SHARE YOUR GRIEF... 29 Correctional Facilities to Be WE R-L: Delta Governor, Rt Hon Sheriff Oborevwori; Mama Koshare Clark; Prof. Collins Clark, and Mrs. Rebecca Okorodudu, during a condolence visit by Governor to members of the immediate family of late Ijaw national leader, late Pa Edwin Clark at Kiagbodo town in Burutu Local Government Relocated from Urban Centres... Page 6 the Area…yesterday