The naira yesterday recorded its biggest appreciation against the dollar in the parallel market in three weeks, gaining N13 to close at N445 per dollar. Vanguard investigations revealed that the sharp appreciation of the naira was due to decline in demand prompted by the sustained injection of dollar by the Central Bank of Nigeria (CBN) into the foreign exchange market. Confirming this development, a bureaux de change chief executive, who spoke to Vanguard on condition of anonymity said: “The market is paralysed. There is no demand at the moment. We have collected dollars from the CBN, but people are not coming to buy like before. So people are keeping their dollars. But we expect the situation to change by tomorrow.” The appreciation implies that the naira has gained N15 against the dollar this week in the parallel market. The steady appreciation is driven by the sustained intervention of the CBN via regular dollar sales to banks to meet demands for visible and in...
President of the Nigeria Football Federation Amaju Pinnick has been appointed the President of the Organising Committee for the Africa Cup of Nations, a position previously occupied by ex-Confederation of African Football president, Issa Hayatou. The appointment was announced on Monday at the inaugural meeting of the new CAF Executive Committee in Manama, Bahrain, where the 67th FIFA Congress begins on Tuesday. It is the first time in CAF’s 60-year history that a Nigerian would head AFCON’s LOC. Pinnick was also named the president of CAF’s Media Committee, which was vacated by Benin Republic FA boss, Anjorin Moucharafou, who the Nigerian floored at the CAF elections in Ethiopia in March to become a CAF Executive Committee member. President of the Zimbabwe Football Federation, Philip Chiyangwa, is the deputy president of the AFCON committee. Also on Monday, Ghana FA boss, Kwesi Nyantakyi, was named CAF Executive Committee’s 1st vice-president, with Omani Constant Selemani (...
Adeboye @ 75: 9 UNFORGETABLE quotes that got Nigerians talking Updated: The General Overseer of Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has come a long way and certainly has a lot to be thankful for.On this day 75 years ago, he was born to a humble Christian family in Ifewara, Osun state.Today he is one the most famous pastors in Nigeria and is known internationally.As he celebrates his 75 birthday today, March 2, XRISWORLD brings you some of his most powerful and controversial quotes that got Nigerians talking. 1. When he advised men on choosing the right kind of wife to marry, saying they should not to marry women who cannot pray and cook."If a girl cannot pray for one hour, don’t marry her. Don’t marry a girl who is lazy. Don’t marry a girl who cannot cook, she needs to know how to do chores and cook because you cannot afford to be eating out all the time. Don’t marry a girl who is worldly. If you do, you have carried what you’ll worship for the res...
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