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JUST IN: Naira records highest depreciation against dollar amid Trump’s tariff war

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The Nigerian naira recorded its highest depreciation against the dollar this week at the official foreign exchange market amid United States of America President, Donald Trump’s tariff announcement.

The Central Bank of Nigeria’s exchange data showed that it dropped to N1,552.53 per dollar on Thursday from N1,531.25 traded on Wednesday.

This means that the naira slumped by N21.28 against the dollar on Thursday compared to N1,531.25 exchanged the previous day.

This is the highest depreciation against the dollar on a single day since March 22, when the currency dropped by N18.96 weekly at the official market.

Similarly, at the black market, the naira weakened by N5 on Thursday to N1,560 per dollar from N1,555 traded on Wednesday.

The development comes despite CBN’s announcement that the country’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years.

The drop in the naira at both official and parallel foreign exchange markets follows Trump’s administration’s tariff announcement on Wednesday, which sparked outrage across the world.

Economic experts said Trump’s 10 percent baseline tariffs would affect US-Nigeria trade worth $10 billion.

The chief executive officer of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf on Thursday in a statement said Trump’s tariff would affect Nigeria’s economy because it has brought an end to the African Growth and Opportunity Act.

International

Newborn baby buried alive in India fights for her life

The baby was found by chance when a shepherd, who had taken his goats to the area for grazing, heard faint cries coming from under a mound of earth.

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The baby is being treated in the neonatal intensive care unit of the government-run medical college and hospital there.

A 20-day-old baby girl who was found buried alive in the northern Indian state of Uttar Pradesh is fighting for survival, hospital authorities say.

BBC News reported that the baby was found by chance when a shepherd, who had taken his goats to the area for grazing, heard faint cries coming from under a mound of earth.

Once he went closer, he saw a tiny hand sticking out of the mud. After he alerted the villagers, police were called in who came and dug out the baby.

Police have not said who they suspect for the crime, but similar cases of abandonment and attempts to kill female children are blamed on India’s preference for sons, which is widely acknowledged to be the reason for its skewed gender ratio.

The incident took place in Shahjahanpur district in India’s most populous state. The baby is being treated in the neonatal intensive care unit of the government-run medical college and hospital there.

Medical college principal Dr Rajesh Kumar told the BBC that the infant was brought in on Monday, smeared in dirt and gasping for air as mud had gone into her mouth and nostrils.

“She was in a critical condition, she was showing signs of hypoxia or oxygen deficiency. She had been bitten by insects and also some animal,” Dr Kumar said.

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International

Nestle shareholders wants chairman Paul Bulcke to step down

Mr Freixe’s removal came a year after predecessor Mark Schneider suddenly departed and 2½ months after Mr Bulcke said he would step down in 2026.

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PHOTO: AFP

Nestle investors have called for chairman Paul Bulcke to step down over the departure of a second chief executive in just over a year.

The Financial Times (FT) reported that shareholders are concerned about the manner the former chief executive Laurent Freixe and the way investigations into his conduct were handled exacerbated their concerns over governance at Nestle and led them to question Mr Bulcke’s decision-making.

“I don’t think Mr Bulcke will move on before April but he should have left when Mr Mark Schneider was forced out,” Mr Alexandre Stucki, founder of AS Investment Management, which represents founding family investors in Nestle,” said.

The Swiss food giant abruptly dismissed Mr Freixe at the beginning of September for failing to disclose a romantic relationship with a subordinate.

Mr Freixe’s removal came a year after predecessor Mark Schneider suddenly departed and 2½ months after Mr Bulcke said he would step down in 2026.

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Crime

JUST IN: FBI Releases Video of Charlie Kirk Shooter, Recovers Weapons Nearby (Photos)

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The FBI’s Salt Lake City Field Office on Friday released video footage of the man suspected of fatally shooting conservative activist Charlie Kirk fleeing a rooftop after the incident on September 10, 2025.

The bureau, in a statement accompanied by the video link shared on X on Friday, noted that the video shows the shooter climbing onto a rooftop shortly before the attack and then jumping off and fleeing the scene after firing the fatal shots.

Investigators also reportedly found the weapon and ammunition used in the shooting in a wooded area near the university.

The agency wrote, “The FBI has released a video and more photos of the shooter in the Utah Valley shooting. The subject is seen jumping from the rooftop of a building after the shooting.

Person of interest in Charlie Kirk's murder case
FBI releases new photos of person of interest in Charlie Kirk’s murder case.
Person of interest in Charlie Kirk's murder case
FBI releases new photos of person of interest in Charlie Kirk’s murder case.

“Around 12 pm Mountain Time on September 10, 2025, the subject climbed up to a rooftop; after he shot and killed Charlie Kirk, he jumped off and ran away. He left a gun and ammunition in a wooded area near the university.

“Trace evidence collected from the rooftop scene included shoe impressions, a forearm imprint, and a palm print. Anyone with information in this case should call the FBI at 1-800-CALL-FBI or visit fbi.gov/utahvalleyshooting.”

Person of interest in Charlie Kirk's murder case
FBI releases new photos of person of interest in Charlie Kirk’s murder case.
Person of interest in Charlie Kirk's murder case
FBI releases new photos of person of interest in Charlie Kirk’s murder case.

The bureau added that it is working closely with law enforcement partners to seek justice in the murder of Charlie Kirk.

Credit: X| FBISaltLakeCity

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