Tuesday, October 19

Tag: Euro

Mount: Legend Fabregas remembered me at the World Cup!
Sport

Mount: Legend Fabregas remembered me at the World Cup!

The Spain midfielder has won the Euros twice and Mount is out to emulate the player that he grew up watching and then trained with Mason Mount admits to being starstruck after meeting Cesc Fabregas in Russia on a trip to the World Cup in 2018. Chelsea's young midfielder travelled to the tournament, along with Manchester City's Phil Foden and Tottenham's Ryan Sessegnon, with the trio combining their trip with media and commercial activity. Ahead of his first tournament with England, Mount spoke about meeting the former Blues midfielder ahead of a clash with Croatia on Sunday at Wembley Stadium and the impact that moment had on him at the time.
Fit-again Rashford out to break 20-goal barrier as he sees Man Utd ‘much stronger’ after lockdown
Sport

Fit-again Rashford out to break 20-goal barrier as he sees Man Utd ‘much stronger’ after lockdown

The Red Devils forward saw injury threaten to end his 2019-20 campaign, but he now has another chance to add bolster a personal-best return Marcus Rashford has declared himself to be raring to go when Premier League action resumes, with the Manchester United forward looking to break through the 20-goal barrier. It appeared at one stage as though the England international would be left on 19 efforts for the 2019-20 campaign. An untimely injury forced him onto the sidelines in January, placing his involvement in the remainder of the season and Euro 2020 in doubt.
Naira Gains Against The Dollar… See Latest Exchange Rate
Uncategorized

Naira Gains Against The Dollar… See Latest Exchange Rate

The Naira on Monday gained 50 Kobo to trade at N358.5 to the dollar at the parallel market in Lagos, slightly stronger than N359 traded on Friday. The Pound Sterling and the Euro closed at N458 and N403 respectively. The naira traded at N360 to the dollar at the Bureau De Change (BDC) segment, while the Pound Sterling and the Euro exchanged at N458 and N403, respectively. Trading at the investors window saw the naira closing at N361.48 to the dollar as market turnover stood at 231.92 million dollars. The News Agency of Nigeria (NAN) reports that the naira had been relatively stable at the parallel market due largely to the interventions of the CBN. Activities at the market, however, remained slow on Monday as traders await the outcome of the Monetary Policy Committee (MPC) m...
Premier League audiences, Women’s Euro rights and Bayern Munich join PES 2020
Sport

Premier League audiences, Women’s Euro rights and Bayern Munich join PES 2020

This week saw the UK top flight announce it reached 3.2 billion people last season, while the BBC has secured rights to Euro 2021 Goal rounds up the top business stories of the week from Soccerex including the Premier League's growth, Women's Euro 2021 rights and one of PES 2020's new partners... Premier League global audience climbs to 3.2bn The Premier League has revealed that it reached a cumulative global audience of 3.2 billion for all programming watched during the 2018-19 season, a six per cent increase on the previous campaign. Working in partnership with industry analyst Nielsen, the league also found that the cumulative audience for live Premier League programming rose 11% to 1.35bn.
‘It’s not about the money’ – Why Ballon d’Or winner Ada Hegerberg isn’t playing at the Women’s World Cup
Sport

‘It’s not about the money’ – Why Ballon d’Or winner Ada Hegerberg isn’t playing at the Women’s World Cup

The forward hasn't represented Norway since they crashed out of the group stages at Euro 2017 - but it's not because of those poor displays When Ada Hegerberg was awarded the inaugural Ballon d’Or Feminin in December, it was a watershed moment for women’s football. She stood proudly alongside Luka Modric, the winner of the men’s edition, and Kylian Mbappe, winner of the under-21 Kopa Trophy, laughing and joking and, after winning a third successive Champions League with Lyon, certainly not out of place. Yet, there was one obvious difference between her and her male counterparts – and it wasn’t her gender.
CCT: Why I’ve no case to answer — Onnoghen
News

CCT: Why I’ve no case to answer — Onnoghen

With the Federal Government closing its case in the on-going trial of Chief Justice of Nigeria, Justice Walter Onnoghen, before the Code of Conduct Tribunal, CCT, where the prosecution failed to prove most of the allegation carried by the media against him, Onnoghen has opted to go for a no case submission. The Suspended Chief Justice of the Federation, Justice Walter Onnoghen consulting with his Lead Counsel during the continuation of the hearing of his case by the Code of Conduct Tribunal at Jabi, Abuja. Photo by Abayomi Adeshida 11/03/2019 He is currently facing a six-count charge FG preferred against him before the CCT. He had during trial raise the alarm that his assets declaration form before the Code of Conduct Bureau, CCB, was tamper with. The embattled CJN, who was suspe...
Pound Under Pressure Ahead Of Brexit Summit
News

Pound Under Pressure Ahead Of Brexit Summit

The pound fell further ahead of a key Brexit summit in Brussels on Thursday, while equities investors tried to come to grips with an unexpectedly dovish message from the US Federal Reserve. Sterling, seen as a barometer for Britain’s long-running Brexit saga, remained on the backfoot over fears that the country could crash out of the EU without a deal continued to fester. British Prime Minister Theresa May was back in Brussels on a last-gasp mission to beg EU leaders for more time to deliver a Brexit deal that was twice rejected by her own parliament. May has declared that she is “determined” to deliver Brexit, after formally requesting a three-month delay on Wednesday. However, investor fears persist that the 27 other EU leaders could refuse the request, potentially sending Br...
Luis Enrique Wary Of Spain’s Euro 2020 Qualifying Group
Sport

Luis Enrique Wary Of Spain’s Euro 2020 Qualifying Group

Spain coach Luis Enrique believes his team have been handed a “complicated” qualifying group for Euro 2020.   Luis Enrique The 2008 and 2012 European champions were drawn in Group F on Sunday with World Cup quarter-finalists Sweden, as well as Norway, Romania, the Faroe Islands and Malta. “It’s a complicated group because on paper you can think we will be favourites but then we have to show it where it is most difficult, on the field,” Luis Enrique told Spanish television’s Teledeporte. “It is true that in this group we have been given there will not be any easy games, all of them will be competitive.” The top two teams from each group will qualify and games will take place between March and November 2019. Spain are one of 12 countries selected to host matches in the fin...
Naira Appreciates Against Dollar At Parallel Market…Here Are Latest Foreign Exchange Rates
News

Naira Appreciates Against Dollar At Parallel Market…Here Are Latest Foreign Exchange Rates

Details of the parallel market in Lagos after the close of market on Wednesday revealed how the nation's currency appreciated marginally against the dollar. The Naira on Wednesday appreciated marginally against the dollar at the parallel market in Lagos, exchanging at N358.50 to the dollar. According to the News Agency of Nigeria (NAN), the nation's currency was 10 kobos stronger than N358.60 to the dollar traded on Tuesday, while the Pound Sterling and the Euro closed at N478 and N417.5, respectively. At the Bureau De Change (BDC) window, the Naira closed at N360 to the dollar, while the Pound Sterling and the Euro closed at N478 and N417.5, respectively. Trading at the investors’ window saw the Naira close at N361.87 with a daily turnover of 168.74 million dollars, while th...
Naira Depreciates Against Major Currencies… See Latest Exchange Rate
News

Naira Depreciates Against Major Currencies… See Latest Exchange Rate

The Nigerian naira has continued to record a slope against major currencies at the exchange rate market on Thursday. The naira on Friday sustained its depreciation against the dollar at the investor’s window, the News Agency of Nigeria reports. The Nigerian currency shed 11 kobo to exchange at N360.42, weaker than N360.31 traded on Thursday. At the parallel market, the Naira exchanged at N362 to a dollar, while the Pound Sterling and the Euro closed at N515 and N445. Trading at the Bureau De Change, BDC segment saw the Naira closed at N362 to a dollar, while the Pound Sterling and the Euro closed at N515 and N445. The Naira exchanged at N305.6 to the dollar at the CBN window, while the Pound Sterling and the Euro posted N435.14 and N378.30 on Thursday. Traders said in spi...
See ‘Sexy’ Photos Of The 24yrs Old Nigerian Lady That Wants To Sell Her Virginity For 50,000 Euros
News

See ‘Sexy’ Photos Of The 24yrs Old Nigerian Lady That Wants To Sell Her Virginity For 50,000 Euros

Women are now making gains by selling their virginity through Cinderella Escort and a Nigerian lady has joined the trend. Stacey, a 24-year-old Nigerian lady is selling her virginity, starting from 50,000 Euros. Stacey is a Bachelor’s degree holder and says she’s selling her virginity so as to further her education. Explaining her reason for selling her virginity, Stacey said: “Selling my virginity has been something that I have always wanted to do. I want to sell my virginity through Cinderella Escorts because I want to pursue a master’s degree and a PhD. “I already have a B.A. but I want to take my education even further since I believe that being educated will allow me to have my dream career and life.”Lol. See the Nigerian lady who is also selling her virginity for a whoopi...
Nigerian Govt Announces Planned Establishment Of New Airline
News

Nigerian Govt Announces Planned Establishment Of New Airline

Federal Executive Council (FEC) on Wednesday approved AMG (Airline Management Group) to work on establishment of a new national carrier.   Minister of State, Aviation, Hadi Sirika, stated this when he briefed State House correspondents at the end of the weekly Federal Executive Council meeting in Abuja.     Government had in May 2017 appointed Messers Lufthansa consortium and five other advisers to help it set up a national airline and develop its aviation infrastructure.   “Today Council considered a memo from transportation regarding aviation”, Sirika said.   “It was a memo that was brought to substitute a member of the consortium that will provide transaction advisory services for the establishment of a National career.   “And tha...
18-Year-Old Lingerie Model Sells Virginity To Businessman For $3million
Celebs

18-Year-Old Lingerie Model Sells Virginity To Businessman For $3million

A teenager claims to have sold her virginity for €2.5million and that it is “a dream come true”. The girl, named only as Giselle, auctioned her innocence through the notorious website Cinderella Escorts. An unnamed businessman apparently made the highest offer of $3million – outbidding a Hollywood celeb and a Russian politician, according to the site. According to Daily Mirror,Giselle, a 19-year-old American, says she plans to use the money for tuitions fees and travelling. “I would never have dreamed that the bid would rise so high and we would have reached 2.5 million euros,” she said. “This is a dream come true. “I think the trend to sell your virginity is a form of emancipation and I am shocked about people who are against allowing a woman to sell her virginity.” “If I want to s...
Buffon Frustrated By Spanish Defeats: I’ve Always Had To Greet The Same Faces
Sport

Buffon Frustrated By Spanish Defeats: I’ve Always Had To Greet The Same Faces

Buffon kept goal during Italy’s 3-0 defeat to Spain a fortnight ago and Juventus’ loss to Barcelona by the same scoreline, as well as the Euro 2012 Final and the Bianconeri’s Champions League failures back in May against Real Madrid and two years ago. “Messi scoring against me? I won’t say it was inevitable, but seeing how often he scores, I think having gone four games without conceding against him is a small record,” the veteran told Premium Sport. “When you play against him and see the anger and wickedness with which he makes certain moves or how he shoots at goal, you realise there are categories of players. “Sometimes we forget about this and then we make the wrong evaluations of other players, thinking they’re a big deal, yet when you face the top ones, you really discover that th...
Naira Falls Against Dollar At Parallel Market
News

Naira Falls Against Dollar At Parallel Market

The naira on Monday depreciated further against the dollar at the parallel market, exchanging at N367 to the dollar. The Nigerian currency lost one point from N366 posted on Friday, while the Pound Sterling and the Euro closed at N476 and N432. At the Bureau De Change segment, the naira was sold at N363 to the dollar, while the Pound Sterling and the Euro closed at N476 and N432, respectively. The naira, however, appreciated at the investors’ window as it closed at 362.50, stronger than N365.68, its opening rate. Traders said that the demand for foreign exchange outstripped its supply. The Central Bank of Nigeria is intervening at the foreign exchange market to stabilise the naira. The naira had rallied around N363 to the dollar for about two weeks until market forces dra...
Naira Sustains Gain At Parallel Market
News

Naira Sustains Gain At Parallel Market

The naira on Wednesday appreciated against the dollar at the parallel market, exchanging at N363 to the dollar from the N364 posted on Tuesday. The pound sterling and the Euro closed at N477 and N428 to the naira, respectively. At the Bureau De Change (BDC) window, the naira was traded at N363 to the dollar, while the pound sterling and the Euro closed at N477 and N428, respectively. Trading at the investors window saw the naira closing at N367.50 to the dollar. Traders expressed optimism that the interventions by the CBN at the market were capable of closing the gap further between the rates at the parallel market and other segments. NAN reports that not all the BDCs in the South West bought foreign exchange from the weekly auction on Tuesday. A credible BDC source told ...
Naira Stabilises After Crash At Parallel Market
News

Naira Stabilises After Crash At Parallel Market

The Naira on Tuesday exchanged in the parallel market at N366, same rate it closed on Monday. Pound Sterling and the Euro closed at N477 and N428, respectively. This is just as the Central Bank of Nigeria (CBN) injected $195 million into the interbank market. A statement by Acting Director, Corporate Communications Department, CBN, Isaac Okoroafor, made the announcement. He said, “In the wholesale segment of the inter-bank Foreign Exchange market, the CBN auctioned $100m and also intervened in the Small and Medium Enterprises (SMEs) and invisible segments, with the sum of $50 million and $45m respectively.” Okorafor encouraged those who genuinely required foreign exchange for their transactions to approach their banks, noting that the banks had enough forex to meet the deman...
Lucy Bronze Not Dwelling On England’s Euro 2017 Defeat By Holland
Sport

Lucy Bronze Not Dwelling On England’s Euro 2017 Defeat By Holland

Lucy Bronze insists England will come back stronger following their Euro 2017 exit to host nation Holland. The England and Manchester City defender, pivotal in the Lionesses campaign in Enschede, is desperate to move on from the devastating semi-final defeat and instead wants to build on their performances from the rest of their European campaign. Reflecting on England's 3-0 defeat, Bronze said: "We have got to take the positives from it, we can't dwell too much on it even though it was the most pivotal game for us. "We've scored a lot of goals, played some great football, won every group game, beaten France - finally." Arsenal duo Vivianne Miedema and Danielle van de Donk put the Netherlands in the driving seat before England defender Millie Bright agonisingly handed them a la...
Naira Gains Against Dollar
News

Naira Gains Against Dollar

The Naira on Wednesday appreciated marginally against the dollar at the parallel market. The Nigerian currency gained 50k to exchange at N362.50, stronger than N363 posted on Tuesday, while the Pound Sterling and the Euro traded at N473 and N422 respectively. At the Bureau De Change window, the Naira was sold at N363, while the Pound Sterling and the Euro traded at N472 and N423 respectively. The Naira, however, depreciated at the investors’ window, selling at N368.50 from 367.28 to the dollar. Traders at the market said that uncertainty on the exchange rate permeated trading as buyers exercised great caution. Since the implementation of the flexible exchange rate policy, the forces of demand and supply had been the sole determinant of the exchange rate. Though the Centra...
Cassano Retires, Blames Wife For Twitter Mix-Up
Sport

Cassano Retires, Blames Wife For Twitter Mix-Up

Antonio Cassano has seemingly closed the book on his career after an on-again, off-again retirement saga. The 35-year-old signed for Hellas Verona on July 10 but said he’d be retiring just eight days later, only to reverse that decision within a matter of hours. On Monday, another set of contradictory messages emerged from the Twitter account of Cassano’s wife. First, Cassano said he would be leaving Hellas but not retiring. “I’m not going to leave football, I simply don’t feel I can continue with Hellas Verona…” Cassano said in a statement that was tweeted by his wife, Carolina Marcialis. “Physically I’m really good, as I’ve shown in the last 15 days of training, but mentally I don’t feel stimulated to continue at this club!” Just as he did earlier in July, Cassano quick...
Afreximbank Raises $750m In Euro Note For Nigeria, Other Borrowers
News

Afreximbank Raises $750m In Euro Note For Nigeria, Other Borrowers

The African Export-Import Bank (Afreximbank) said it has successfully raised $750 million note under its Euro Medium Term Note programme, in a move to boost lending to African borrowers who would enjoy the positive effects of the reduction in cost of funds. As a frontline financial institution in the pursuit of trade and economic integration of African countries, the bank has been involved in financing of corporate organisations and services in Nigeria and across the continent to activities. It closed the seven-year Regulation S (Reg S) notes on 13 June, priced at a spread of 220 bps over mid-swaps (m/s) and a coupon of 4.125 per cent. Reg S are bonds or stocks that may not be offered, sold or delivered within the United States. Mitsubishi UFJ Securities International Plc was the ...
News

Evans Can Still Beat Kidnapping Charges In Court

Kidnappers kill directly politicians murder us indirectly! It is easier for kidnappers, politicians, pastors and imams to enter the kingdom of God like a camel would through the tiny hole of a needle than those of you doubting if the notorious kidnappers can or cannot get justice in court of law. Some of you have forgotten that in a democracy such as ours, the rule of law must hold. A man must be presumed innocent until he is proven guilty beyond any reasonable doubt. Some of you are unaware that there is judge shopping by which a case is pushed to some judge whose philosophy, disposition and needs are well known to trusted Senior Advocates to push. It will also help if a Queens Counsel is flown from London to complement many lawyers that will overwhelm, not the judge, but public show. ...
Confederations Cup: Troubled Ronaldo Eyes More Silver
Sport

Confederations Cup: Troubled Ronaldo Eyes More Silver

Cristiano Ronaldo will put speculation over his club future firmly to one side as he leads European champions Portugal into their Confederations Cup opener against Mexico in Kazan on Sunday. The 32-year-old Real Madrid superstar’s build-up to the tournament in Russia has been overshadowed after he was this week accused by prosecutors in Spain of defrauding the authorities of 14.7 million euros ($16.5m) in tax through offshore companies. Now the Madrid sports media is awash with headlines suggesting Ronaldo wants out of the Spanish champions, despite only signing a new contract through to 2021 in November. But for the next two weeks the main thing on the mind of the reigning Ballon d’Or holder is winning more silverware in the eight-nation World Cup warm-up event. “He takes this...
Agadez, Africa’s Smuggling Capital
News

Agadez, Africa’s Smuggling Capital

Wild-eyed with matted hair after four days in the searing Sahara sun, Ibrahim Kande climbs out of the pick-up truck he has ridden from Libya back to dusty Agadez in central Niger. Currently the smuggling capital of Africa, Agadez is a crossroads of hope and shattered dreams where would-be migrants headed for a better life in Europe cross paths with others who failed to make it and are heading home. Last year, the International Organization for Migration (IOM) recorded 335,000 migrants heading northwards out of the country, and another 111,000 travelling in the opposite direction. Some head for Algeria, but most are bound for Libya in hope of either finding work there or boarding a boat to Europe. In a bid to stem the flow, Niger adopted extremely tough legislation in May 2015. ...
Portugal Defender Pepe Confirms Real Madrid Exit
Sport

Portugal Defender Pepe Confirms Real Madrid Exit

Real Madrid defender Pepe has confirmed he is leaving the club. The player, however, insisted he was yet to agree to a deal with Paris Saint-Germain and revealed interest from the Premier League. The 34-year-old Euro 2016 winner is out of contract at the end of the month and wanted a two-year deal at Madrid. But the defender decided to leave the club after being offered just a one-year extension. Pepe joined Real Madrid from FC Porto in 2007. Pepe told Cope, “It is clear that I will not continue at Real Madrid. “One stage is over and, from now on, another one will start.” During his time with the Spanish giants, he helped them to three La Liga titles and three Champions League crowns. Injuries saw him make just 18 appearances in all competitions this season. The ...
Doctor Sues Bank Over Counterfeit Euro Currency
News

Doctor Sues Bank Over Counterfeit Euro Currency

A medical doctor has taken one of the new generation banks to court over the alleged issuance of ‘fake’ currency which was discovered when he attempted to spend same money in Germany. In a charge sheet number I/134/2017 filed before Justice R.B Akintola of the Oyo State High Court sitting in Ibadan, Dr. Olutunde Oni, claimed that he was issued counterfeit euro currency sometime in 2015 at one of the branches of the bank in Ibadan as he was about to proceed on the journey. Joined in the suit is a staff of the bank, Mr. Folorunso Abisoye. Counsel for the claimant, Mr. Ade Fajemiroye, prayed the court to hear the case in default because the defendants failed to file their defence and that the defendants have been served with all the court processes by the court bailiff. However, the pray...
Cecilia Ibru Pictured At Techpoint Inspired Event In Lagos
News

Cecilia Ibru Pictured At Techpoint Inspired Event In Lagos

Estwhile CEO of defunt Oceanic Bank, Cecilia Ibru, was pictured at an event in Lagos. The event titled Techpoint Inspired, was organized by Techpoint.ng, a popular technology related blog and website, and had in guest people like Eyo Bassey, CEO of Payporte.com, Funke Opeke CEO of MainOne, Adeleke Ojikutu — Co-Founder, VoguePay, Sheriff Shittu — Co-Founder, CEO at Switch Innovation Express, Abiola Olaniran — Founder, Gamsole, Ajebutter22, and others. She spoke on the topic, "The role of education in building a new generation of entrepreneurs". Cecilia Ibru (born March 22, 1946) is the former Managing Director and Chief Executive Officer of Oceanic Bank. Ibru began her work at the Ibru Organization. In 2009 she was arrested and pleaded guilty to charges of fraud. She was jailed and fi...
FG Tenders Nine Cash-Filled Boxes Recovered From Justice Ngwuta
News

FG Tenders Nine Cash-Filled Boxes Recovered From Justice Ngwuta

Ade Adesomoju, Abuja The Federal Government on Thursday tendered before a Federal High Court in Abuja nine bags and boxes filled with local and foreign currencies, all of which were allegedly recovered from a Justice of the Supreme Court, Justice Sylvester Ngwuta, in October 2016. The items were said to have been recovered from Justice Ngwuta’s official residence in Abuja during a search operation conducted by men of the Department of State Service on October 7, 2016. The Federal Government is prosecuting Justice Ngwuta on 13 counts, including passport fraud, money laundering allegations of retention and concealment of origin of the various sums of money contained in the nine bags and boxes. The fifth prosecution witness, Mr. John Utazi,‎ a Staff Officer of the DSS, had while o...
Nigeria Paid €2million Ransom For 82 Chibok Girls’ Release – BBC Source
News

Nigeria Paid €2million Ransom For 82 Chibok Girls’ Release – BBC Source

The release of the 82 girls came with a price. Five senior Boko Haram militants were moved from a high security unit to be driven to freedom. The details of the deal are sketchy. Our sources don’t want to be named and their version of events is hard to confirm, but they say the men were high-level Boko Haram bomb-makers, and that they were accompanied by two million euros in cash. Paying a ransom as well as swapping prisoners was a sticking point that almost unravelled the whole deal, one source tells us. President Buhari has not revealed if a ransom was paid “It should have happened sooner, but the president was hesitating about freeing the five – and especially about the money,” says the person with detailed knowledge of the deal. Persuading him was “very, very diffic...
Naira Gains, Dollar Crashes At Parallel Market
News

Naira Gains, Dollar Crashes At Parallel Market

- The Naira has gained strength against the American Dollar at parallel market - The local currency however crashed against the Pound but stayed firm against Euro - Nigeria has five rates: the official rate, the black market, a rate for Muslim pilgrims going to Saudi Arabia, a retail rate set by licensed exchange BDC and a rate for foreign school fees The Naira on Wednesday, May 17, continued its growth against the American Dollar at the parallel market. This follows report that the local currency closed the day at N385 to the Dollar, one point stronger than the N386 it closed on Tuesday, May 16. However, the local currency weakened against the Pound Sterling but stayed firm against the Euro at the same segment. It dropped seven points against the Pound to close at N497 a...
Naira Strengthens, Gains N2 Against Dollar
News

Naira Strengthens, Gains N2 Against Dollar

The Naira on Thursday gained N2 against the dollar at the parallel market as it was traded at N386 to the dollar, stronger than the N388 it closed on Wednesday. At the same segment, the pound sterling and the Euro closed at N495 and N425, respectively. At the Bureau De Change (BDC), the naira was N362 to the dollar, while the pound sterling and the Euro exchanged for N492 and N423, respectively. The naira was exchanged at N305.6 to the dollar at the interbank. Currency traders said that the weekly offering of foreign exchange to BDCs by the CBN was paying off and restoring stability to the exchange rate. Alhaji Aminu Gwadabe, the President of Association of Bureau de Change Operators of Nigeria (ABCON), said that he expected the naira to continue to appreciate in the coming weeks. Gw...
Naira Appreciates Against Dollar
News

Naira Appreciates Against Dollar

The Naira on Monday appreciated against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained three points to exchange at N388 to the dollar, stronger than N391 it traded on Friday, while the pound sterling and the Euro closed at N495 and N425. At the Bureau De Change (BDC) window, the Naira was sold at N362 to the dollar, while the pound sterling and the Euro closed at N495 and N423. Trading at the interbank market showed that the Naira closed at N305.7, while the pound sterling and the Euro closed at N453.18 and N386.28. Currency traders said the liquidity boost at the FOREX market had forced the naira to appreciate.
SGF Suspension: How Threat To Withhold $1:2bn EU Aid Forced Buhari’s Hand
News

SGF Suspension: How Threat To Withhold $1:2bn EU Aid Forced Buhari’s Hand

· How Lawal cornered Committee and burnt his fingers · Why the VP couldn’t save him · The Tinubu angle President Muham­madu Buhari’s hands were forced by west­ern countries and do­nor agencies when he moved swiftly last week to revive his waning war against corruption by suspending David Babachir Lawal as the Secretary to the Federal Government (SFG). Indications have emerged that the European Union coun­tries, the United Nations and the other major international agencies forced President Bu­hari to act to clean up the Au­gean stable soiled by some of the key principal officers of his government. The choice for the President was clear: sack Lawal or forget donor countries’ funds for the reconstruction of the North East, devastated by the Boko Haram insurgency. Norway, Germany...
External Reserves Hit 2017 High At $30.56bn
News

External Reserves Hit 2017 High At $30.56bn

External reserves climbed to $30.56 billion as of April 18, the highest level in 2017, as the Central Bank of Nigeria (CBN) tries to rebuild currency buffers hammered by dwindling global oil prices. The rise coincides with a recent rise in the price of crude, which account for the bulk of foreign currency earnings. The nation’s reserves up by 18.3 per cent or $4.7 billion for this year but are still far off their peak of $64 billion as at August 2008. This is coming on the heels of increased gap between the interbank market and parallel market end of the foreign exchange market. The CBN has not provided any reason for the recent rise, which may be attributed to the recent rise in global oil prices and inflow from International Money Transfer Operations (IMTO) The Organizatio...
Photo Of Yahoo Girl Arrested In Edo State For 132,000 Euro Fraud
News

Photo Of Yahoo Girl Arrested In Edo State For 132,000 Euro Fraud

The Economic and Financial Crimes Commission, EFCC, on Friday 7th of April, 2017 arraigned one Suzan Vega Ochuko before Justice P.I. Ajoku of the Federal High Court sitting in Benin, Edo State on a three count charge bordering on conspiracy and obtaining money by false pretence.. Ochuko and one Tony Uyimwen aka Alex Ethan (now at large) allegedly operating with a pseudo name Alex Ethan contacted one Mrs. Beatrice AUF DER MAUR from St. Gallen, Switzerland via Facebook and defrauded her of One Hundred and Thirty-Two Thousand Euro. Mrs Auf Der Maur was allegedly hoodwinked into a love relationship with the defendant who subsequently defrauded her of the said amount under the pretence of executing a non existing contract. The accused pleaded not guilty to the charge. In view of her...
Surplus Dollars Hit Nigeria Market
News

Surplus Dollars Hit Nigeria Market

The surplus supply of dollars has again jolted speculators and caused a further increase in value of the Naira. The foreign exchange market closed on Friday without selling off all the foreign currency released by the Central Bank of Nigeria (CBN). Fresh 100 million dollars was released at the interbank market to meet customers’ demands, but the dealers were only able to pick about 81.35 million dollars, leaving surplus. Mr Isaac Okorafor, the Acting Director, Corporate Communications, CBN, attributed the inability of authorised dealers to pick up the entire offer of the CBN to increasing dollar supply. In a statement, he said another reason was the current sense of apprehension among dealers who anticipate a further crash in the rate of the dollar. He reiterated the determi...
CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up
News

CBN Pumps $195Million To Boost Forex Market, As Naira Firms Up

​THE Central Bank of Nigeria on Tuesday sustained the supply of foreign exchange to the market by releasing $195 million. The CBN Acting Director, Corporate Communications, Isaac Okorafor, gave a breakdown of the release. Okorafor said of the amount $150 million was released through wholesale auction. He said that the remaining $45 million was for medicals, tuition, Personal and Business Travel Allowance. Okorafor said the Bank acted promptly and proactively in line with its promise to keep the market liquid enough to meet the needs of genuine requests. He said that banks were becoming saturated with foreign exchange, as most of them were now able to meet demands for foreign exchange within the stipulated time frame. Okoroafor said: “As you can see all the pent-up demand fo...
Dollar Crashes Again At Parallel Market
News

Dollar Crashes Again At Parallel Market

The News Agency of Nigeria (NAN) reports that the Naira traded at N460 to a dollar, after speculators had forced it 3 points down amid liquidity boost on Friday. However, the Naira weakened against the Pound Sterling but maintained its Euro rate as it traded at N560 and N480, respectively. At the Bureau De Change (BDC) window, the Naira was sold at N399 to a dollar, while the Pound Sterling and the Euro closed at N580 and N525, respectively. The Nigerian currency also traded at N305.50 at the interbank window. In other segments of the market, Deposit Money Banks (DMBs) and Travelex, an International Money Transfer Services Operator, sold the Naira at N370 to a dollar. Traders expressed the hope that the strengthening of the Naira would reposition the economy for greater ...
Naira Weakens To N458 Per Dollar At Parallel Market
News

Naira Weakens To N458 Per Dollar At Parallel Market

According to reports, the local currency has crashed to N458 per dollar as against the N455 it closed yesterday, March 1. The Naira also weakened to N540 against the Pound from the previous rate of N535 and to N475 against the Euro as against the previous rate of N460. Recall that just last week, the value of the Naira recorded the highest and fastest gain of 11.9 per cent in four days at the parallel market, in over three years. This follows the Central Bank of Nigeria (CBN) decision to sell a total of $372.4 million to ease the pressure on the local currency. Financial experts had predicted that the local currency will continue to appreciate if the status quo was maintained. On its part, the CBN said the recent appreciation of the Naira against other currencies was the res...
How Naira Went From N525/$1 To N400/$1 In 3 Days
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How Naira Went From N525/$1 To N400/$1 In 3 Days

The Naira has made appreciable gains against the dollar in the last couple of hours. Here's the back story to it all. This time last week, the Naira was in a race of its own for the bottom. Nigeria's currency just couldn't be stopped. At the parallel market just a few days ago, the Naira closed trading at N525 to the Dollar. Economists and speculators were so sure that trading would close at N600/$1 before mid March, 2017. However, on February 20, 2017, the Central Bank of Nigeria (CBN) tweaked its foreign exchange policy following marching orders from the national economic council headed by Vice President Yemi Osinbajo. Osinbajo and finance minister Kemi Adeosun mandated the CBN headed by its Governor Godwin Emefiele, to review its monetary policy. "Council members genera...
White Men Who Fell Sick In Nigeria
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White Men Who Fell Sick In Nigeria

'WHAT A FUNNY COINCIDENCE! EUROPEANS GETTING LIFESAVING MEDICAL TREATMENT IN NIGERIA My partners have been in the country ten days now. They both fell sick two days after they arrived. They arrived in Lagos while I was still in Abuja waiting for them to meet me there. Last night they finally had the chance to tell me their experience when they stopped by for a happy hour. Ondrej, the one in a grey shirt, was hit the more. He suddenly fell sick when my PA, Tony Brown, was not there. They rushed him to the first hospital in Ikoyi at night. Five minutes after he got there, there was power outage and the generator could not start. They rushed him (or he rushed himself) to another hospital and there was problem again. Then they finally rushed him to the third hospital where all the doctor...
Naira Extends Stability At Major Forex Market, Exchanges At N498 To A Dollar
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Naira Extends Stability At Major Forex Market, Exchanges At N498 To A Dollar

Lagos – The Naira on Tuesday continued to extend its stability against the dollar at all the major segments of the forex market. At the parallel market, the Naira exchanged at N498 to a dollar, while the Pound Sterling and the Euro traded at NN615 and N525, respectively. Trading at the Bureau De Change (BDC) window saw the Naira exchanged at N399 to a dollar, Central Bank of Nigeria (CBN) controlled rate, while the Pound Sterling and the Euro closed at N616 and N527 respectively. The Naira also remained stable at the interbank market as it traded at N305.25 to a dollar. Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria (ABCON), said that the increase in the nation’s external reserves and the global fall in the dollar contributed in the Na...
Naira Stabilises At N497 To Dollar
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Naira Stabilises At N497 To Dollar

The naira on Monday stabilised at N497 to a dollar at the open market just as stakeholders expressed hope in its imminent recovery. The Nigerian currency, however, strengthened against the Pounds Sterling, but weakened against the Euro at the open or parallel market as it closed at N595 and N517, respectively; from N597 and N515 posted on Friday. At the Bureau De Change window, the naira traded at N399 to a dollar, a rate it would maintain for the rest of the week, while the Pound Sterling and the Euro traded at N604 and N522 respectively. Trading at the interbank market saw the naira weakened further at N305.25 to a dollar, from N305 posted on Friday. Traders at the market said that while the scarcity of the greenback remained visible, there were strong indications that the Na...
Camp Excavations ‘Find Link To Anne Frank’
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Camp Excavations ‘Find Link To Anne Frank’

Researchers excavating the remains of one of the most notorious Nazi death camps have uncovered a pendant that appears identical to one belonging to Anne Frank, Israel's Yad Vashem Holocaust memorial says. Yad Vashem says on Sunday it has ascertained the pendant belonged to Karoline Cohn - a Jewish girl who perished at Sobibor and may have known the famous diarist. Like Frank, Cohn was born in Frankfurt in 1929. Researchers are trying to confirm whether they were related. The Israel Antiquities Authority has been conducting excavations at the former camp in Poland since 2007 and has already uncovered the gas chamber foundations and the original train platform.    
London Blackfriars Tower Still Viable: Tan
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London Blackfriars Tower Still Viable: Tan

A scion of one of Malaysia's wealthiest real estate dynasties has said that plans to build one of the tallest residential towers in London will not be bulldozed by Brexit. Abigail Tan, head of the St Giles Hotels Group, is to press ahead with a GBP800 million to GBP1 billion ($A1.3 billion to $A1.6 billion) mixed use development in Blackfriars, despite rising costs linked to the collapse in the value of the pound. "Our plans haven't been altered by Brexit, yet. Blackfriars is still viable and we're pushing ahead with it, although we're cautious of costs rising," she told the Press Association. "We're still investing heavily in the UK and still have faith in the UK economy as a hub for business and finance." St Giles, whose parent company is listed Malaysian firm IGB Corpo...
Naira Hits N495/dollar As Forex Scarcity Lingers
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Naira Hits N495/dollar As Forex Scarcity Lingers

The Naira on Thursday depreciated further at the parallel market, ebbing close to the projection of speculators, the News Agency of Nigeria reports. NAN reports that at the twilight of 2016, speculators forecasted that the Naira would exchange at N500 to a dollar. The Nigerian currency lost N3 to trade at N495 to the dollar at the parallel market, from N492 posted on Wednesday, while the Pound Sterling and the Euro closed at N597 and N515 respectively. At the official interbank window, the Naira closed at N305 to a dollar. Trading at Bureau De Change (BDC) window saw the Naira close at N399 to a dollar, while the Pound Sterling and the Euro exchanged at N600 and N510, respectively. Traders blamed acute forex scarcity for the spike in the exchange rate.

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