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P@nic as dollar reportedly trades for N1000 to $1  The exchange rate between the naira and dollar reportedly quoted for between N980 and N1000 to $1 in Lagos, Port Harcourt, Abuja and Kano on Thursday, September 21. Leadership reports that in Lagos the dollar is trading for N1000, in Abuja and Port Harcourt, the price of the dollar is N980/$1, while it is selling for N965/$1 in Kano. Meanwhile, the official rate of the dollar is N768.5/$1. A market survey on Thursday showed that in the black or parallel market, the dollar is gaining more strength against the local currency, despite the government’s promise to crash the price of the dollar to increase the value of the naira. A currency trader in the Wuse Zone 4 area of Abuja Mallam Abu told the publication that the price of the dollar is expected to appreciate beyond the current level in the coming days. He said the reason the price is currently hovering around N980 was due to lower demand for the hard currency at the moment.

  Tribunal sacks NNPP’s Abba Yusuf, declares APC’s Gawuna winner in Kano The Kano Governorship Election Petition Tribunal has sacked Governor Abba Kabir Yusuf and declared the All Progressives Congress (APC) candidate, Nasir Gawuna, winner of the March 18 election. Recall that INEC had on March 20, declared Yusuf who contested on the platform of the New Nigerian Peoples Party (NNPP)winner of the election. According to the results released by Ahmad Dokko Ibrahim, the returning officer, Yusuf polled a total of 1,019,602 votes, while Yusuf Gawuna of the APC secured 890,705 votes. Dissatisfied by the outcome of the election, Ganuwa and his party approached the tribunal. Delivering its judgment today, the three-man panel ordered the withdrawal of certificate of return which INEC presented to Governor Yusuf and directed a certificate of return to be issued to Gawuna. The court deducted 165,663 votes from Gov Yusuf total as invalid votes, stating that the ballot papers (165,663) were not ...