Naira Edges Towards N500/US$ As Fake Hong Kong Dollars Flow Into FX Market

According to Reachnaija, The value of the naira at the parallel market is dipping towards N500 per dollar even as the Central Bank of Nigeria (CBN) warns of an influx of fake Hong Kong dollars (HK$) in the country’s foreign exchange market.

The naira had on Tuesday depreciated in value from N473 to the dollar to N480 as liquidity pressures mounted on the currency. It dipped further on Thursday at N482 to the dollar and opened on Friday at same rate while it remained stable at N305 to the dollar at the interbank market.

Meanwhile, the CBN yesterday raised alarm on the influx of fake HK$100 notes in the country. According to the bank, the fake notes which were printed on normal A4 paper using inkjet printers are of poor quality.

The apex bank noted that the fake HK$100 notes lacked embossment and the feel of security features as silver marks were stuck on the notes to appear like the holographic security thread on the real bills.
“Also, the HK$100 numerals failed to turn gold and green when viewed from different angles”.

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GHANA: NDC condemns NPP attack on members

The National Democratic Congress (NDC) has expressed dissatisfaction about the alleged unprovoked attacks on members of the Party, following the Electoral Commission’s declaration of the results of the 2016 Presidential Elections. “We have received several reports of unprovoked physical attacks on supporters of the National Democratic Congress (NDC), across the country,” a statement issued by the NDC National Organiser in Accra and copied to the Ghana News Agency said. “We wish to request the leadership of the New Patriotic Party (NPP) and President-elect Nana Akufo Addo to call on their supporters to desist from the attacks and contribute to building a more stable democracy. These attacks are nothing more than situations that can only create chaos should the attacked also decide to defend themselves. “While urging the Security Agencies to move in and protect life and property, we believe that our political parties must be interested in promoting political tolerance among...

KATSINA: SSG APPOINTS ‘YAR’ADUA’ AS NEW CHIEF PRESS SECRETARY

The Secretary to the government of Katsina State, Dr. Mustapha Mohammed Inuwa has approved the appointment of Alhaji Abdullahi Aliyu Yaradua as the new Chief Press Secretary of his office. Yar’adua holds a Diploma in Hausa Studies from Katsina Polytechnic; Higher Diploma in Mass Communication from Hassan Usman Katsina Polytechnic and a Diploma in Journalism from International Institute of Journalism (IIJ), Abuja. He also holds a Bachelor of Arts Degree in English from Al-Qalam University Katsina and a Masters Degree in English Literature from Bayero University, Kano. Before his appointment, Yar’adua was the Head of Political Unit of Katsina State Radio and two terms Chairman of NUJ Katsina State Radio Chapel and the immediate past Secretary of the Katsina state Council of the NUJ. Credit: Katsinapost

Homosexuality: One Auwalu Yusuf in prison for raping 2 boys in KANKARA

A Katsina magistrate court has remanded one Auwalu Yusuf, 25, of Maddobal village in Kankara town for allegedly sodomizing two teenagers aged between 12-14 years. Yusuf, who was apprehended and handed over to the police by vigilante officers at the community, was charged with unnatural offence contrary to Section 284 of the Penal Code. According to the Police First Information Report read at the court, the accused criminally entised the victims with his money by taking them to Pole Wire side at Dandutse Quarters and individually sodomised them. The prosecutor, Inspector Kabir Mohammed, told the court that the victims reported the matter to their elder brother who in turn reported the matter to the vigilante, adding that upon interrogation, the said Auwal Yusuf confessed to have committed the act. The presiding magistrate, Fadila Dikko, remanded the accused and adjourned t he case to February 23, saying that it was brought for mention only as the court has no jurisdicti...

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