Connect with us

news

Naira Crashes Against Dollar For The First Time In 2017 (See Details)

Published

on

The Nigerian Naira on Thursday, January 5, weakened against the American Dollar at the parallel market for the first time in 2017.
According to reports, the Naira lost three points to the dollar as it closed at N493 to a dollar, against N490 it traded on Wednesday, January 4.
Also, the Pound Sterling and the Euro exchanged for N595 and N506, respectively.
At the Bureau De Change (BDC) window, the Naira traded at N399 to a dollar, the Central Bank of Nigeria (CBN) controlled rate, while Pound Sterling and the Euro closed at N598 and N510 respectively.
The Naira, however, remained stable at the interbank window as it exchanged for N305.00 to a dollar.
However, traders at the market said that liquidity challenge was far from being resolved, NAN reports.
On his part, Aminu Gwadabe, the president, Association of Bureau De Change Operators of Nigeria (ABCON), while decrying the spike in the exchange rate, commended the CBN for keeping it below N500 to a dollar.
Gwadabe said the task of keeping the dollar below N500 and controlling the inflation rate was enormous.
He added that the apex bank was doing its best.
But according to currency traders, the Naira is set to witness another round of decline against the dollar in the coming days ahead.
This is because the expected increase in dollar flows from Nigerians living abroad coming home for holidays fell short of expectations.
“We see the naira depreciating against the dollar by the time more businesses resume operations next week after the festive season as dollar liquidity remains thin in the market,” one currency dealer said.

Your favorite Homie, that Badh good Guy, An Engineer, Singer, Rapper and a Veteran Blogger. i can help you promote your music to the World. whats-app me on +2347030571041 Social media handle @iam_wisdomlee

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

news

Ghanaian Teacher ‘Allows Students To Fight’ In Class After Canning Was Banned

Published

on

Ghanaian Teacher ‘Allows Students To Fight’ In Class After Canning Was Banned

Two pupils were left to fight in front of their classmates and teacher who purportedly filmed the shocking incident which happened recently in Ghana.

It is believed that the very person who filmed the incident was the Class Teacher, since pupils are not allowed to use phones in school.
It is claimed that the unnamed teacher left the pupils to fight since the Ghana Education Service (GES) banned caning in schools.

The GES in a statement signed by the Deputy Director General, Anthony Boateng, ordered all schools to immediately adopt a new disciplinary toolkit together with alternative sanctions as measures for correcting pupils and students in schools.

The tool indicated that “apart from the physical pain corporal punishment inflicts on children, this approach also causes significant emotional damage.

Some of the lasting effects of this method of disciplining school children include physical scars, emotional scars (trauma, fear, timidity etc.) and violent behaviour.”

Continue Reading

news

Senator Dino Melaye Compares Himself To The Scrotum Of A Ram, Says He Will Never Fall

Published

on

  • The embattled senator has often trended in social media circles especially when he runs into trouble with the law and begins demonstrating what many have dubbed ‘his theatrics’.

    Melaye who has been at war with the Nigerian police recently over an allegation of homicide, took to his Instagram page to make a statement today.

    According to him, he will not fall despite everything happening to him, because he is like the scrotum of a ram which dangles but never comes off.

    First, he shared the photo below of himself, he then wrote:

    “Dino Melaye is like the scrotum of a ram,it will dangle and dangle but will never fall.

    “God pass man any day.”

Continue Reading

news

Family raises funds to bring home Irishman who travelled to Africa to meet a lady he found online

Published

on

Relatives of the Irishman who headed to South Africa to meet a person he was chatting to online for two years, only to wander the streets of Johannesburg, have started a crowdfunding page to try to get him home.

“We’re raising £1,000 to help get Stanley Currie home from South Africa after he was mugged of all his belongings, passport and money,” Currie’s crowdfunding page on justgiving.com read.

“We need to put Stanley up in a hotel until his emergency passport can be got and we get him home as soon as possible (sic).

“He has been walking the streets of South Africa for a week with no food or water and is currently receiving medical care,” the page read.

By January 8 2019, more than £1,164 had been donated by 48 sponsors.

The 66-year-old was reported missing after no one heard from him following his departure from his Dublin home on December 28 2018, when he said he was headed for South Africa.

His brother, Robert, took to social media to locate him.

“He hadn’t booked any accommodation over there [and] was carrying a large amount of cash. He suffers from depression and has got heart health problems,” Robert said.

“This ‘person’ who he was going to meet… no one from the family have any idea who ‘she’ is and we are obviously concerned that it is a scam.”

On January 7, his family announced that he had been located in Edenvale, east of Johannesburg, in Gauteng, a suburb approximately 17km from the OR Tambo International Airport.

This was after several tip-offs that he had been seen in the area.

Some of those who came forward claiming to have seen him said they had identified him as the missing man by the tattoos on his arm.

The SA Community Crime Watch group, which assisted in the search, said he had the names of his family members tattooed on his forearm.

Spokesperson Steven King told TimesLIVE that two women had found a sunburnt Currie lying under a tree on a pavement in Edenvale.

“When they found him, he was disorientated. He said he got lost and could not find the way back to the place where he was staying,” King said.

He had his cellphone and a pair of jeans with him.

It was not immediately clear whether he met the woman he travelled to South Africa to see during his time in the country.

Continue Reading

news

Pastor claimed that he went to hell and killed satan.

Published

on

Pastor MBORO claimed on his Facebook page that he went to hell and killed satan.

On a post that was later deleted when people started asking questions, the pastor claims God sent him to hell to get rid of world’s number one enemy.

He wrote “when I got to hell there was a queue of millions of people waiting to be braai’d by Satan. I even saw some prominent South African politicians. I was so shocked because they lived like angels here on earth. I thought they went to heaven. When Satan saw me he panicked and directed his army to kill me. Like Samson in the Bible, I defeated them. Satan was my last victim”

His received a moria of insults and condemnation from people who told him to stop misleading people. The post went down after an hour. It is not clear whether he will post it again or not. His claims comes months after another equally controversial pastor claimed he went to heaven and took pictures with Jesus.

At the time, the pastor claimed that the exclusive photos would only be released to select few members after of course a fee.

He later released photoshopped images to prove. This is one of the photos he released then.

Continue Reading

news

World Bank President Jim Yong Kim Resigns

Published

on

Jim Yong Kim announced that he would step down next month, more than three years before his current term was due to expire.
The decision ends Kim’s six-year tenure and may give US President Donald Trump decisive influence over the future leadership of the 189-member global development lender.
“It has been a great honor to serve as president of this remarkable institution, full of passionate individuals dedicated to the mission of ending extreme poverty in our lifetime,” Kim, 59, said in a statement.
Kim, who became the bank’s president in 2012, is to join an unnamed firm focusing on investments in developing countries, the bank said in a statement, and will return to the board of Partners-in-Health, which he co-founded.
World Bank CEO Kristalina Georgieva will serve as interim president upon Kim’s February 1 departure, the bank said in a statement.
Under Kim’s leadership, the bank set the goal of eliminating extreme poverty by 2030 and ramped up financing.
Last year, it also won approval for a sharp $13 billion capital increase after acceding to requests from the Trump administration to curb loans to high-income countries like China.

Continue Reading

POPULAR POST

%d bloggers like this: