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Thursday, 18 February 2016
Photos: President Buhari to leave for Egypt on Friday
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Buhari appoints Tolu Ogunlesi as his SA on Digital And New Media
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Photo: 13 year old Urhobo Girl allegedly kidnapped, forcely converted and married off by Hausa Muslim Lover in Bayelsa
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Kanye west who is '$58m in debt' seen sipping champagne while buying diamonds
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Naira Falls To N370 Per Dollar
The fall in the value of the naira is yet to abate as the local
currency exchanged for N370 to a dollar yesterday at the parallel
market.
It was observed that the fresh pressure on the naira since last week
Thursday has seen the currency fell further from N318 to N370 to a
dollar, an additional N52 margin.
While the Bankers Committee meeting held in Abuja last week Thursday
was considering the inclusion of medical tourism and school fees
payment abroad in the prohibition list, TheCable colloquium in Lagos,
had some of its participants supporting the policy, as well as
opposing devaluation.
Meanwhile, the foreign exchange reserves have fallen to $27.81 billion
from $28.95 billion in barely six weeks, representing a decline of
$1.14 billion.
The Director of Corporate Communications, Central Bank of Nigeria
(CBN), Alhaji Ibrahim Mu'azu, said the reserves would have decreased
to about $20 billion, but for measures adopted.
President Muhammadu Buhari, while in London, said that his government
decided to stop the sale of foreign exchange to bureau de change
operators because of fraudulent acts perpetrated by some top officers
of the CBN.
According to him, some directors of CBN own bureau de change and when
foreign exchange comes, they take it to their companies and give
government the change.
But the Acting President of the Association of Bureau De Change
Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, told The Guardian
that there is high-level leakages in the system, causing the pressure,
adding that devaluation is not totally the answer.
He said government should put mechanism in place to ensure that
whatever item everyone demands the dollar for, is actually imported
and that quantity declared, alleging that some importers are also
involved in the round-tripping.
According to Mu'azu, the renewed pressure in the market could be
attributable to announcement effect and CBN is very much aware of the
market development and has been responding accordingly, raising hope
that as much as foreign exchange earnings improve, market
interventions would also increase.
Read More »
currency exchanged for N370 to a dollar yesterday at the parallel
market.
It was observed that the fresh pressure on the naira since last week
Thursday has seen the currency fell further from N318 to N370 to a
dollar, an additional N52 margin.
While the Bankers Committee meeting held in Abuja last week Thursday
was considering the inclusion of medical tourism and school fees
payment abroad in the prohibition list, TheCable colloquium in Lagos,
had some of its participants supporting the policy, as well as
opposing devaluation.
Meanwhile, the foreign exchange reserves have fallen to $27.81 billion
from $28.95 billion in barely six weeks, representing a decline of
$1.14 billion.
The Director of Corporate Communications, Central Bank of Nigeria
(CBN), Alhaji Ibrahim Mu'azu, said the reserves would have decreased
to about $20 billion, but for measures adopted.
President Muhammadu Buhari, while in London, said that his government
decided to stop the sale of foreign exchange to bureau de change
operators because of fraudulent acts perpetrated by some top officers
of the CBN.
According to him, some directors of CBN own bureau de change and when
foreign exchange comes, they take it to their companies and give
government the change.
But the Acting President of the Association of Bureau De Change
Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, told The Guardian
that there is high-level leakages in the system, causing the pressure,
adding that devaluation is not totally the answer.
He said government should put mechanism in place to ensure that
whatever item everyone demands the dollar for, is actually imported
and that quantity declared, alleging that some importers are also
involved in the round-tripping.
According to Mu'azu, the renewed pressure in the market could be
attributable to announcement effect and CBN is very much aware of the
market development and has been responding accordingly, raising hope
that as much as foreign exchange earnings improve, market
interventions would also increase.
Friday, 12 February 2016
Photo 25-year old man kills father over fight with mummy
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MTN Introduced Unlimited Daily Data Plan For Just N150
When it is unlimited, we don't keep quiet and I find this so
tantalizing because it's going to solve a lot of your online
downloading if the speed is not throttled. I find this offer more
better that Airtel 1hour unlimited downloading for N180.
MTN have secretly unleashed an unlimited plan and you just have to try
it out. It goes The unlimited internet plan allows you to surf the net
or download unlimited for good 24hrs nonstop and it expires thereafter
except you reactivate it again.
It goes for just N150 only. I guess you love the price.
But something is involve, it is for those who are eligible.
How Do I Know if I'm Eligible?
Just dial *567*59# and reply with 1 to activate it if you are eligible.
Now you have a choice on what to download, when to download and which
plan to use in choosing your download.
God bless this South African network. Try it and tell us your
experience using the comment box.
Read More »
tantalizing because it's going to solve a lot of your online
downloading if the speed is not throttled. I find this offer more
better that Airtel 1hour unlimited downloading for N180.
MTN have secretly unleashed an unlimited plan and you just have to try
it out. It goes The unlimited internet plan allows you to surf the net
or download unlimited for good 24hrs nonstop and it expires thereafter
except you reactivate it again.
It goes for just N150 only. I guess you love the price.
But something is involve, it is for those who are eligible.
How Do I Know if I'm Eligible?
Just dial *567*59# and reply with 1 to activate it if you are eligible.
Now you have a choice on what to download, when to download and which
plan to use in choosing your download.
God bless this South African network. Try it and tell us your
experience using the comment box.
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