NAIRA RATE WORSENS

By

Naira rate worsens to the dollar 

January 31, 2017

The-Naira-against-the-dollar_5-630x300
The naira dropped against the United States dollar from 498 to 500 at the parallel market during the early trading hours on Monday.
The currency thus crossed the critical threshold analysts had predicted.
At the official market, the local unit closed at 305/dollar, the level it has traded at since August last year.
The CBN had two weeks ago commenced sales of dollars to the BDC operators through Travelex, following a three-week break during the Christmas and New Year celebrations.
On Friday, the naira closed at 498/dollar at the black market, broadly unchanged from 497/dollar it recorded the previous weekend.
“Confidence is gradually returning to the forex market as a result of improved foreign exchange reserves, dollar sales by international money transfer agents and the central bank assurance it will continue to support the local currency,” one trader told Reuters.
Economic and financial analysts are slightly divided over the outlook for the naira this year.

Comments

Post a Comment

Popular posts from this blog

AUTOPSY REVEALS REAL CAUSE OF JOY ODAMA DEATH

By
Image
Late Joy Odama Autopsy has revealed that Joy Odama who was allegedly killed by an Alhaji in Abuja, died after inhaling carbon monoxide fumes. Joy Odama, a 200 level undergraduate Mass Communication student at Cross River State University, according to her mother was murdered by Usman Adamu. Contrary to the bereaved woman's allegation, the police reports that the result of the autopsy found carbon monoxide fumes in her body. This result is also contrary to that of another medical official, Dr Jibrin, who claimed that the girl died after taking cocaine. According to the Force Spokesman, Jimoh Moshood, who spoke with journalist, the new report done by CP Wilson Akhiwu a consultant, revealed that Joy died after inhaling carbon monoxide fumes. The spokesman, debunking reports of police cover up said that the suspect, Usman Adamu has been arrested and would soon be charged to court. The mother of the deceased student, had petitioned the IGP, the Senate President and the Speaker of the Ho...
Read more

TRUMP FIRES JAMES COMEY,FBI DIRECTOR

By
Image
President Trump fired FBI Director James Comey Tuesday, the White House said, moving to oust the man leading an investigation into his campaign operatives’ ties to Russia. Mr. Trump insisted he’s not part of the probe, but said he felt compelled to fire the director anyway. “While I greatly appreciate you informing me, on three separate occasions, that I am not under investigation, I nevertheless concur with the judgment of the Department of Justice that you are not able to effectively lead the Bureau,” Mr. Trump said in a letter to Mr. Comey. The president said a new director is needed at the Federal Bureau of Investigation who “restores public trust and confidence” in the agency. He said he was following the advice of his attorney general and deputy attorney general. The White House said the search for a replacement will begin immediately. Democrats said the firing raises troubling questions about the current investigation into Russia and demanded Mr. Trump take steps to m...
Read more

HERE IS YOUR FIRST LOOK AT THE DRAGONS IN "GAME OF THRONES 7"

By
Image
It appears Dany will no longer be asking, “Where are my dragons?” Because you can’t miss them. In a new photo from “Game of Thrones” Season 7, courtesy of HBO and Entertainment Weekly, we see Drogon doing his thing. And dude is big. Director Matt Shakman previously told EW that “the dragons this year are the size of 747s.” He wasn't lying.  Follow James Hibberd   ✔ @JamesHibberd A bigger version of the  @ GameOfThrones  Drogon photo, with director Matt Shakman weighing in  # GoTS7   http:// bit.ly/2rLPYVy   7:10 PM - 22 May 2017   'Game of Thrones' Unleashes Epic Season 7 Dragon War Photo “Dracarys” ew.com     87 87 Retweets     173 173 likes Twitter Ads info & Privacy It seems Emilia Clarke’s Daenerys Targaryen is in the middle of her conquest for Westeros and Drogon is just on a path of destruction ― as it should be. Of course, in the im...
Read more

ANTI-ABORTION CONGRESSMAN TIM MURPHY TO RESIGN AFTER ALLEGEDLY URGING MISTRESS TO GET ABORTION

By
Image
  In this March 26, 2015, file photo, Rep. Tim Murphy, R-Pa., speaks on Capitol Hill in Washington. Murphy who was caught up in affair scandal, announces he plans to resign from Congress effective Oct. 21, 2017, according to House Speaker Paul Ryan. WASHINGTON — Republican Rep. Tim Murphy of Pennsylvania, an anti-abortion lawmaker who allegedly urged his mistress to have an abortion when he thought she was pregnant, is resigning from Congress. House Speaker Paul Ryan, R-Wis., on Thursday announced Murphy’s plans to leave Congress, effective Oct. 21. The decision comes less than 24 hours after Murphy said he would retire at the end of his term next year. “It was Dr. Murphy’s decision to move on to the next chapter of his life, and I support it,” Ryan said in a statement. “We thank him for his many years of tireless work on mental health issues here in Congress and his serv...
Read more

ANOTHER RITUALIST DEN UNCOVERED

By
Image
FILE. A suspected ritualist at Obadeyi area in Ijaiye A ritualist den was on Wednesday discovered in a tunnel at the challenge area of Mushin, Lagos, three weeks after a similar den was discovered in Ikeja. On 9 August, the police apprehended a suspected ritualist in a drainage channel at Ile-Zik, close to Ikeja, on the Lagos/Abeokuta Expressway. Concise News reported that a similar hideout was also uncovered at Obadeyi Ajala, in Ijaiye area. One of the suspected ritualists in the den discovered in Mushin is said to have been set ablaze, while two others were rescued by the Police from being lynched. Daily Sun reports that the tunnel where they were found leads to a moribund company. Syringes believed to be used in injecting their victims with sedative drugs were discovered in the hideout.
Read more

GUYS BE CAREFUL,CAN YOU SPOT THE SNAKE IN THIS PICTURES?

By
Image
NEW DELHI:   It's a real life puzzle, albeit a deadly one. A Twitter-user named Helen posted a picture on the micro blogging website recently, challenging fellow-tweeple to find the snake in the picture. The pic was sent to her by a 'HERper' - somebody who searches for amphibians and reptiles. A lot of people on Twitter were left stumped, completely failing to see the reptile. So take a look and see if you can spot the snake? Hint: Look carefully, it's hiding in plain sight:   View image on Twitter  Follow Helen🐍👩🏼‍🔬   @SssnakeySci Received this from a fellow HERper this morning. No caption needed, the task was implied: "can you spot the snake?"  3:16 PM - 23 Apr 2017     733 733 Retweets     2,791 2,791 likes Helen, according to her bio, is a Ph.D student in the Grace Lab at FIT studying pythons, boas, pitvipers. It still took her a good two minutes to spot the snake. If yo...
Read more

2FACE;TWIST AS POLICE MAKE U TURN,VOW TO STOP PROTEST

By
Image
LAGOS POLICE VOWS TO STOP PROTEST The Lagos State Police Commissioner Fatai Owoseni has vowed to stop Tuface's planned protest against the Federal Government slated for February 5 in the state. Tuface Idibia had announced a nationwide protest in order to draw the attention of the government to the sufferings of Nigerians under this administration. But Lagos COMPOL Owoseni who had earlier stated that there was no official request from the protesters notifying security agencies of their plan said on Wednesday that intelligence report indicated that criminals might hijack the process and that the police wasn’t ready for that kind of demonstration and as such would not allow it to hold. “We know that Tuface does not have the capacity to contain such a crowd and we will not fold our hands and watch while things go out of hand. “The Civil Society had said that they do not need police permission to carry out any peaceful protest but they should also be awa...
Read more

TEENAGE WIFE CONFESSES TO POISONING STEPSON FOR HATRED OF MOTHER AND HUSBAND

By
Image
In Bauchi State, a 17-year-old housewife has said she attempted to kill her rival's two-week old baby because of the deep hatred she had for her husband and his first wife — the baby's mother, Punchng reports. Speaking in an interview with newsmen today, the suspect, Hindatu Abdullahi, said her father forced her into the marriage when she was just 15 years old. She said: "My husband, Abdullahi Ori, and I have been married for two years now and we have a child. He married me as his second wife. He used to love me dearly, but he suddenly started maltreating me. He would beat me, insult me and abuse me at the slightest provocation. I reported his maltreatment to my parents all the time, but they have never believed what I told them, since it was their idea for me to marry him. My father forced me to marry him, against my wish. I have been staying in my husband's house just because of my parents." Abdullahi, who sobbed while she spoke to newsmen said: "I have not...
Read more

PARIS SHOOTINGS;FRANCE ENLISTS ELITE SOLDIERS IN WAKE OF FATAL ATTACK ON POLICE.

By
Image
France has fully mobilised its security forces, including elite units, to ensure citizens' protection during this weekend's presidential election, following the fatal shooting of a police officer in central Paris. Speaking after an emergency meeting of top security officials, Prime Minister Bernard Cazeneuve said all elite units were on top alert for the election to back up the 50,000 police already earmarked for special election duty. Shooting further complicates election. The Paris shooting occurred as France was at the business end of one of the most dramatic and divisive presidential elections in its modern history writes James Glenday. "The Government is fully mobilised," he said in a statement. "Nothing must be allowed to impede the fundamental democratic process of our country. It falls to us not to give in to fear and intimidation and manipulation which would play into the hands of the enemy." The first round in France's two-stage el...
Read more

FROM ALTER BOY TO ISIS FIGHTER

By
Image
Special Report  Senior International Correspondent: Clarissa Ward Executive Producer: Liza McGuirk Producers: Andy Segal, Barbara Arvanitidis and Margot Haddad ITH  his blue eyes, brown hair and beaming smile, young Michael Delefortrie looked every inch the angelic altar boy. But fast forward twenty years, and Michael had changed his name to Younnes, traded his Christian faith for Islam, and the sleepy Belgian suburb he’d grown up in for the front lines of ISIS’ war in Syria. Now, back in Belgium, he still expresses open support for the group’s warped ideology and says he wishes he could return to the group’s self-proclaimed Islamic State. “I regret coming back,” he told me. “I want to live under the caliphate.” Michael 'Younnes' Delefortrie Despite his shocking words, the most striking thing about the 28-year-old is how utterly unremarkable he appears. The first time we meet, in a café in the port city of Antwerp, he wears a hooded swea...
Read more