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CBN boosts forex market with $195 million

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The Central Bank of Nigeria (CBN) on Monday offered $195 million in three segments of the Foreign Exchange Market (Forex) to boost liquidity in the operation.

Isaac Okorafor, CBN’s acting director, Corporate Communications Department, said this in a statement in Abuja.

Mr. Okorafor said that in the wholesale segment of the inter-bank Foreign Exchange market, the bank auctioned 100 million dollars and also intervened in the Small and Medium Enterprises (SMEs) with 50 million dollars.

He said the bank also offered the invisible segments, with 45 million dollars.

He said the bank had kept fate with its resolve to ensure that there was sustained liquidity in the market following pressures on the market from those seeking forex for school fees and vacations.

He stated that the bank would also ensure that genuine requests for FOREX were met, as well as improved liquidity and flexibility in the market.

This comes on the heels of last week’s intervention in which the retail secondary market intervention sales (SMIS) received the largest allocation of about 264 million dollars.

The authorised dealers in the wholesale window had also received 100 million dollars.

The CBN, in a bid to improve forex availability in the market and ameliorate challenges encountered by critical stakeholders, said payment for port charges to the Nigerian Ports Authority (NPA) would be accommodated by the bank, using Form ‘A’.

The CBN further said that other agencies by oil marketing companies would also be accommodated by the bank, using the same form.

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The move by the CBN is to speed up operations at the ports, thereby enhancing the ease of doing business in the country.

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BREAKING NEWS: INEC Declares Osun Governorship Election Inconclusive

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The Independent National Electoral Commission INEC has declared Osun State Governorship election inconclusive.


According to the Returning Officer, the number of canceled votes is higher than the margin between the two leading parties.

The Returning Officer has said there will be need for second ballot to decide winner for the election.

PDP candidate, Senator Ademola Adeleke scored 254,698 votes while his APC counterpart, Gboyega Oyetola  scored 254,345 votes making the marging between them amount to 353.

The margin was, however, less than the 3,498 votes that were cancelled during the poll.

More Details Later….

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Breaking! Ras Kimono’s Wife, Efe Is Dead

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Reggar legend Raskimono’s wife, Efe Okedi is dead, 3 months after her husband passed away.


Three months after the death of reggae veteran, Ras Kimono, his wife, Efemena Okedi, has passed away on Sunday, September 23, 2018.

According to reports, Okedi, died in the early hours of today at her Magodo Isheri home in Lagos. The cause of her death is still unknown.

Confirming the death of Efe to Pulse Nigeria, the Project Manager of Premiere Music, Michael Odiong, said the sad incident occurred in the early hours of Sunday, September 23.

Yes, Efe Kimono is dead. She was confirmed dead today, early this morning. I can’t give out any other detail aside this for now.” Odiong told Pulse.

Reggae icon, Ras Kimono was reported dead on the 10th of June.

Kimono before his death celebrated his 60th birthday with friends and family and was supposed to travel to the United States before his demise.

 

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Lady Found Dead Inside Redeem Church In Kaduna (See Graphic Photos)

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A Nigerian lady was found dead inside Redeem Church in Kaduna.

It is unclear what led to her death as at the time of filing this report.


Her friend who shared the story wrote:-

‘What a wicked world, only God knows what happen, her body was found inside redeem church opposite Makarfi quarters sabo, please any identifier?’

See more photos below:-

Looks like she was Caged & Murdered.

May her soul RIP 😢😢

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