Nigeria’s currency, the naira, has slightly gained and appreciated.
The naira, on Tuesday, appreciated by 6.58 percent to close at N742.93/$ at the investors and exporters (I&E) window.
The improving fortune of the naira comes two sessions after it tumbled to an all-time low of N803.9/$ last Friday.
Data from FMDQ Securities Exchange, a platform that oversees foreign exchange (FX) trading in Nigeria, showed that the local currency hit an intra-day trading high of N831 and a low of N707.99 before it settled at N742.93.
FMDQ quoted an opening rate of N788.17 to the dollar on Tuesday.
FX turnover within the day’s market session increased significantly by 352.36 percent to $156.29 million from $34.55 million published in the previous market session on Monday.
Meanwhile, the greenback was sold at N825 at the parallel/black market on Tuesday, Bureaux De Change operators (BDCs) in the Ikeja area of Lagos told TheCable.
On Monday, one dollar was sold at N827 at the black market.
TheCable had reported that Nigeria’s headline inflation rate rose for the sixth consecutive time to 22.79 percent in June 2023.
The inflation rate recorded a slight surge from 22.41 percent in May — less than expected by analysts.
The National Bureau of Statistics (NBS) later explained why inflation only rose slightly in June despite the impact of petrol subsidy removal and exchange rate unificiation on consumer prices.
Blessing Mariam Akiode, the fast rising singer, who is also known as Candy Bleakz has made some revelations about herself.
She revealed the promise she made to herself at 16 after she ran away from home.
She said she made a promise never to return until she became a millionaire.
The Chocolate City signee disclosed this while featuring on Channels TV’s programme, Rubbin’ Minds hosted by Ebuka Obi-Uchendu.
She said: “While leaving home, I left with a mindset that, ‘I’m leaving home to feed home.’ And I didn’t want to go back home except I’m going home with the big bags. So, I do communicate with my familybut I did not want to go home.
“Because you that left home for long time, for you to go back home, the siblings are there, the family, what people think, what people are seeing online; they think this person has trillions in your account. So, to go come home, I really had to like have enough bags of money. But I have been communicating.”
Candy Bleakz said she recently reunited with her family.
The ‘Wale’ crooner said her parents are proud of her and the profession she has chosen.
She said they didn’t know she was a singer until she hit the spotlight.
President Asiwaju Bola Tinubu has written to the Senate, requesting it to confirm the appointment of members of the governing board of North East Development Commission (NEDC).
The letter for confirmation was sent to the Senate on Wednesday, July 19.
Details later..
The National Centre for Women Development (NCWD) in Abuja has been renamed after the late First Lady, Dr Maryam Babangida.
The First Lady, Sen Remi Tinubu who made the change, said the late Maryam was a mentor and the greatest contributor to present-day first ladies in the country.
She said the late Maryam Babangida and Maryam Abacha were proud of her when she was the Lagos State governor’s wife because she reminded them of themselves.
Senator Tinubu spoke yesterday in Abuja at the renaming of the centre as the Maryam Babangida National Centre for Women Development (MBNCWD) and induction of first Nigerian female achievers into the Nigerian Women Hall of Fame.
The First Lady also stated that during her time as first lady, Maryam Babangida played complementary and supportive roles to the then Military President, General Ibrahim Babangida.
She recalled that several worthwhile projects were executed to ameliorate the sufferings of the masses at the time.
The suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has asked a federal high court in Lagos to grant him bail, TheCable reports.
Emefiele is seeking bail on self-recognisance pending the determination of the charge filed against him by the federal government.
On July 13, Peter Afunanya, spokesperson of the Department of State Services (DSS) confirmed that the agency has filed charges against Emefiele.
The DSS charged Emefiele with two counts bordering on alleged possession of firearms.
Although the case has been assigned to Nicholas Oweibo, a judge, Emefiele is yet to be arraigned.
The bail application, which is premised on nine grounds, was filed by a team of 10 lawyers led by Joseph Daudu.
Emefiele argued that the charges for which he was accused are bailable.
He said he has never been convicted of a crime and should enjoy the presumption of innocent until proven guilty, adding that he is not a flight risk.
Emefiele also said granting him bail would afford him adequate time to prepare his defence.
He added that since investigations have been concluded, there is no likelihood of interference on his part.
The defendant pledged to show up for trial on time and expressed his willingness to offer responsible sureties required by the court.
On June 9, President Bola Tinubu suspended Emefiele and asked him to transfer his responsibilities to Folashodun Adebisi Shonubi, deputy governor, operations directorate.
The day after, the DSS announced that Emefiele was in its custody for “some investigative reasons”.
Emefiele has been in DSS custody since June.
Nollywood actor, Olamide Oladimeji popularly known as Dele Omo Woli and his wife, Bunmi are celebrating their wedding anniversary today, July 19.
The couple took to their respective Instagram pages to re-affirm their love for each other on their special day.
Dele wrote;
”Happy Wedding Anniversary To Us Olami ❤️🫶🏾❤️ I’m yours for life , No Refunds ❤️ Love you so much Ishe Mi 😜 @bummie_makeovers”
His wife on her part wrote;
”I’m always grateful for having you in my life OLAMI❤️Cheers to us for making another fantastic year…HAPPY WEDDING ANNIVERSARY TO US MY LOVE @deleomowoli_mideoladimeji”