Naira Falls Further to N995/$ on Parallel Mkt, Edun Blames $6.8bn Backlog for Currency's Woes I&E FX window records 239.54% surge in transaction volume Uncertainty beclouds market as CBN postpones MPC meeting indefinitely James Emejo, Emmanuel Addeh in Abuja, Nume Ekeghe in Lagos
The naira declined further on the parallel market arm of the foreign exchange (FX) market to N995 to a dollar, weaker than
the N990 to a dollar it closed the previous day. On the other hand, on the Investors and Exporters (I&E)
FX window, the naira gained N33 naira to closed at N738 to a dollar yesterday, compared to N771 to a dollar the previous day,
However, reacting to the pressure facing the nation’s
even as some market analysts attributed the development to a likely intervention by the Central Bank of Nigeria (CBN).
Continued on page 5
End of an Era: Rupert Murdoch Steps Down as Fox, News Corporation Chair... Page 5 Friday 22 September, 2023 Vol 28. No 10390. Price: N250
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Obi, Niki Tobi, Imoke, Kanu Agabi, Samad Rabiu, Affected as Wike Revokes 165 Plots of Land in FCT...Page 8
Tinubu to Guterres: I’m Ready to Take Tough Decisions Even if They Make Me Unpopular Declares Africa’ll no longer accept rights advocacy violating our lands, economies Stresses need for UN to transit from talk shop to action coordinating centre Says he survived gripping poverty UN Scribe: Nigeria indispensable in W’Africa Deji Elumoye in Abuja President Bola Tinubu, yesterday,
told United Nations SecretaryGeneral, António Guterres, that he was prepared to take tough
decisions, even if they could make him temporarily unpopular, as long as the outcomes addressed
challenges, such as poverty, hunger, among others, that had stunted economic growth in Nigeria.
Tinubu made the assertion at the UN headquarters in New York, when he spoke with Guterres,
according to a statement by the Continued on page 5
Following Tinubu’s Appeal, Judge Adjourns CSU Records Case to Monday Temporarily stays execution of earlier order after president's plea it will cause 'severe and irreparable harm' to him Tinubu departs New York, enroute Paris to Abuja Alex Enumah in Abuja Relief came the way of President Bola Tinubu, yesterday, following the ruling of Nancy Maldonado, a Senior Judge of the United States District Court for the Northern District of Illinois, halting the release of his university records to candidate of the Peoples Democratic Party (PDP) in the February 25 presidential election, Atiku Abubakar. The order staying the execution of Magistrate's Jeffrey Gilbert on the Chicago State University, was sequel to Tinubu's plea that releasing the said documents to Atiku would cause him "severe and irreparable harm." Gilbert had in a ruling on Tuesday night ordered the Chicago State University (CSU) to within 48 Continued on page 5
REMI TINUBU RINGS BELL FOR PEACE IN THE WORLD... Nigerian First Lady, Senator Remi Tinubu after she rang the World Peace Bell at the 2023 United Nations World Peace Day in New York... yesterday
CHIEMELIE EZEOBI