NAIRA CRASHES IN VALUE, DOLLAR SELLS FOR N420

N420/$1

On Thursday, the naira exchanged between N405 and N420 to a dollar in the Bureau De Change segment of the market. The President, Association of Bureaux De Change Operators of Nigeria, Aminu Gwadabe, said the crude oil price which fell drastically in the international market to as low as $35 per barrel, raised speculations among the BDC operators and Nigerians in general. [PUNCH]

N6.7trn

The Minister of Health, Osagie Ehanire, says N6.71trn to fully implement the second National Health Plan within the five years. He stated this when he appeared before the House Committee on Healthcare Services and Institutions. He said the implementation was to reduce the maternal mortality rate from 576 to 400 per 100,000 live birth of children under five.  [DAILY TRUST]

N5.4trn FAAC

The Federation Account Allocation Committee (FAAC) disbursed a total sum of N5.4 trillion in 2019 to both the Federal and States Governments in the country, representing an increase of 1.9 percent from N5.3 trillion in 2018. The Data released by the National Bureau of Statistics, NBS yesterday (Thursday) showed that FAAC disabused the sum of N2.93trillion to the Federal Government of Nigeria in 2019. [VANGUARD]

7m

MORE than seven million people are expected to be in food crisis in the country between June and August, this year. It is projected that over four million people are expected to be in food crisis through May. This was contained in the March report of Cadre Harmonis (CH) Analysis Outcome for 16 northern states and the Federal Capital Territory (FCT). [THE NATION]

40 to go

The management of the Nigerian National Petroleum Corporation has retired about 40 group general managers and general managers at the oil firm. It was gathered that the affected GGMs and GMs were asked to leave the employ of the oil firm on Wednesday. [PUNCH]

70% illegal

SEVENTY-per cent of illegal emigrants are from Edo State, the United Nations High Commissioner for Refugees (UNHCR) has said. UNHCR’s Senior Liaison Officer, Amah Assiama-Hillgartner, stated this in Benin, the state capital, during the agency’s telling the Real Story (TRS) meeting. [THE NATION]

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