Naira depreciates to N765.13/$ in I&E window

The naira yesterday depreciated N765.13 per dollar in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window rose to N765.13 per dollar from N763.17 per dollar on Wednesday, indicating N1.96 depreciation for the naira. Similarly, the naira depreciated by N14 in the parallel market yesterday. Vanguard…

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Millions arrive in Saudi for hajj amid heat

Enormous crowds of worshippers thronged Mecca, Islam’s holiest city, on Friday for the biggest hajj pilgrimage in years, with more than two million expected to brave the scorching Saudi Arabian heat. Pilgrims in white robes and sandals packed the ancient city, now dotted with luxury hotels and air-conditioned shopping malls, after flooding in on planes,…

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