April 8, 2024 – National Infinity Magazine

Dollar crashes to N1, 101 as CBN pumps $15.88m into the market

April 8, 2024 Jide Ige

The Central Bank of Nigeria (CBN) has crashed the exchange rate for Bureau De Change (BDC) operators to N1,101 per dollar from N1,251/$1, following rising inflow of the greenback into the country. The apex bank also planned to sell $15.88 million to 1,588 eligible BDCs. At this rate, the BDCs would sell at not more than 1.5 per cent margin to the public, thus selling at N1,117.5/$1. In a letter addressed to the president of the Association of Bureau De Change Operators of Nigeria, the CBN announced the sale of…

Sultan declares Wednesday as Eid el Fitri

April 8, 2024 Benjamin Chukwudaalu, Political Reporter

Alhaji Sa’ad Abubakar, the Sultan of Sokoto and President General of the Nigeria Supreme Council for Islamic Affairs, has declared Wednesday as the first day of Shawwal 1445AH (Eid el Fitr Day). The Sultan, the head of the Muslim faithfuls in Nigeria, said this as the moon was not sighted anywhere in Nigeria. Abubakar said this on Monday after receiving the report of the Sultanate Council Advisory Committee on Religion and the National Moon Sighting Committee. The committees in their reports stated that it had not received any report from…