News Desk Wednesday, December 10, 2008

Nigeria Depreciates Naira Rate in $200 Million Currency Auction

The central bank sold $190 million dollars, $10 million less than offered, in foreign reserves to the nation’s commercial banks today, making it available at a rate of 132.5 per dollar, according to Leon Myburgh, a fixed-income and currency strategist for sub- Saharan Africa at Citigroup Inc. READ MORE>>>


Nigerian court to rule on presidential election

Abuja, Nigeria -- The Supreme Court will hand down its verdict Friday in a lawsuit by top Nigerian political opposition leaders who seek an annulment of the 2007 election won by President Umaru Yar'Adua, lawyers involved in the case said. READ MORE>>>

Nigerian Cholera Outbreak Kills 10 People in Rivers State

(Bloomberg) -- An outbreak of cholera in the riverine community of Kula in Nigeria’s Rivers state killed 10 people, a health official said. READ MORE>>>

U.S. sailor says not guilty in Japan slay

Attorneys for Seaman Olatunbosun Ugbogu, a 22-year-old Nigerian national serving in the U.S. Navy, say he was not mentally competent when he fatally stabbed taxi driver Masaaki Takahashi in Yokosuka, Japan, this year, Kyodo News reported Wednesday. READ MORE>>>

Bomb scare in Delhi's CP, cops seize bag with safes

Senior police officers said that from his description, the men seemed to be of Nigerian origin and initial investigations revealed two electronic metal safes inside the bag. The safes could not be opened for a long time as officers present at the spot thought it unsafe to do so till the bomb squad arrived. READ MORE>>>