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Naira appreciates to N1,000 per dollar at FX black market

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The Nigerian currency, the Naira, strengthened to N1000 per US dollar at the beginning of Monday’s foreign exchange market session, as reported by Mistila Dayyabu, a Bureau De Change operator speaking to DAILY POST. Dayyabu anticipates further appreciation of the Naira below the N1000 per dollar threshold throughout the week.

Dayyabu stated, “The Naira is currently trading between N1000 and 1050 per dollar on Monday. As the week progresses, we expect the Naira to appreciate even further, dropping below N1000 per dollar.”

This development follows shortly after the Naira was recognized as the best-performing currency for April by Goldman Sachs. Last Friday, the Naira experienced a gain of N60 against the dollar post-Eid-el-Fitr holidays.

Over recent months, the Naira has consistently appreciated against the dollar, moving from N1,900 in February to N1000 in the parallel market.

Despite the Naira’s strengthening, Nigerians have expressed concerns that this hasn’t translated into lower prices for goods and services. The latest inflation report from the National Bureau of Statistics revealed a rise in food inflation to 40.01 percent in March 2024.

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Billionaire Kidnapper ‘Evans’ Seeks Plea Bargain

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Convicted billionaire kidnapper Chukwudumeme Onwuamadike, also known as Evans, and his co-accused Joseph Emeka, have requested a plea bargain in their high-profile kidnapping case.

The News Agency of Nigeria (NAN) reports that the State lead counsel, Mr. Yusuf Sule, disclosed the plea bargain request to the court on Thursday during the case’s call for re-arraignment. The case is being heard by Justice Adenike Cokers of the Ikeja High Court.

Evans and Emeka were scheduled to be re-arraigned on an amended five-count charge, including murder, attempted murder, conspiracy to commit felony to wit: kidnapping, and attempted murder.

Sule informed the court, “The case was for re-arraignment, but I am aware that the defendants have applied for a plea.”

The prosecutor also noted that the plea bargain terms are being reviewed by the Attorney-General of Lagos State, Mr. Lawal Pedro (SAN).

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Peruvian Gov’t Classifies Intersex, Transgender People As ‘Mentally Ill’

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Peruvian Health Minister Cesar Vasquez has classified transgender, non-binary, and intersex individuals as mentally ill.

On May 10, Peruvian President Dina Boluarte, Health Minister Cesar Vasquez, and Minister of Economy and Finance Arista Arbildo signed a decree. This decree states that transsexualism, dual-role transvestism, gender identity disorder in childhood, other gender identity disorders, and egodystonic sexual orientation are all categorized as mental health problems.

Cesar Vasquez explained that the decree was necessary for Peru’s public health services to ensure comprehensive medical attention for mental health issues.

The decree has sparked outrage among the LGBT (Lesbian, Gay, Bisexual, Transgender, and Queer) community, which has labeled it discriminatory.

A medical researcher at Lima’s Scientific University of the South noted that although the decree might have been well-intentioned, it shows a lack of understanding of complex LGBT issues and potentially opens the door to conversion therapy.

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EPL: Conduct massive clearout – Rooney names only player Man Utd needs

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Manchester United legend Wayne Rooney has singled out captain Bruno Fernandes as the only senior player the club should retain at Old Trafford this summer.

Rooney urged the Red Devils to conduct a major clear-out of players during the summer transfer window.

This recommendation follows Fernandes’ key role in Manchester United’s crucial 3-2 victory over Newcastle United in the Premier League at Old Trafford on Wednesday.

Speaking to Sky Sports (via United in Focus), Rooney stated:

“He is the one player with quality and fight in him. I would keep the young players and Bruno, but all the other players need to go. There has to be a massive clear-out. It’s not going to happen in one year, but over the next couple of years.”

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He added, “To compete with Man City, Liverpool, and Arsenal, they need better players.”

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