Exchange Rate Now 282 To Dollar

The local currency surged by 0.7 per cent yesterday to 282.5 per dollar, after earlier shedding as much as 0.5 per cent following market adjustments to the new forex policy released by the apex bank.

The CBN sold dollars onto the interbank forex market for a third day to ease dollar shortages after it floated the currency. The regulator has intervened in the market by selling forex since it ended the currency’s 16-month fix of 197 to 199 per dollar on Monday.

It sold $4 billion in the spot and forwards markets that day to clear a backlog of demand for hard currency, and followed that with about $100 million of sales on the spot market on Tuesday.

Forward contracts dropped as traders reduced their bets on how much further the naira will weaken, although they still see it dropping 6.5 percent by late September.

Three-month naira non-deliverable forward contracts fell 4.7 per cent, the most on a closing basis since May 17, to N302.25 per dollar....

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Female Motor Mechanic In Abuja

Photos/Video: Meet Blessing, a young female mechanic in Abuja Ocheni Raymond Oche shared this post about a young female mechanic he met yesterday at Conoil filling station, along airport road, after Federal Housing Lugb, Abuja. His post, video and photos, below: "DISCOURAGE PROSTITUTION AND OTHER NON CREDIBLE BUSINESSES WOMEN DO, ENCOURAGE HARDWORK AND DETERMINATION!!! Today I met Blessing (A MECHANIC), and I was touched, by the fact that a secondary school graduate who had no hope to further school sought to learn mechanic for 4 years and is on her own now, a life better than anything else that's depicts high level of immorality. As can be seen , she is changing shocks for a Toyota Camry (muscle), and I tell you its not beans! Please share this till someone in position or our churches or mosques finds this touching enough to help establish her and promote what she does and encourages other women and youth. I salute your person BLESSING. PLS TAKE TIME TO LISTEN ...

VIDEO: 1 dead 3 injured during T.I Concert

One person was killed and three others wounded in a shooting inside a concert venue in New York City, where hip-hop artist T.I. was scheduled to perform, police said. It happened around 22:15 on Wednesday at Irving Plaza, near Manhattan's Union Square. Police said a 34-year-old man was shot in the chest and a 33-year-old man was shot in the stomach. One of the men later died at a hospital, police did not say which one. A 26-year-old woman was shot in the leg. Police said a fourth person walked into a hospital on their own. Elijah Rodriguez was attending the concert with his sister and they were in the VIP area by the stage. He said T.I. was supposed to go on stage at 21:00 or 21:30 but "he never showed up." At or around 22:00 he said the venue started playing music again, and at about 22:15, he saw a line of people coming out from where the performers were coming onstage. "All the sudden I heard someone saying that there was a shot, that someone got shot," ...

EMENIKE NET BRACE FOR FENERBACHE

EMENIKE FIRES FENERBACHE TO CHAMPIONS LEAGUE WIN The former Super Eagles forward scored twice in Tuesday's Champions League playoff against Monaco Nigeria international Emmanuel Emenike scored two goals on Tuesday's evening to hand Fenerbache a 2-1 win against Monaco in the first leg of the Champions league qualifiers. The 29-year old striker opened scoring for the yellow canaries Şükrü Saracoğlu stadium in the 39th minute before completing his brace with a volley inside the box in the 61st minute. Radamel Falcao got a consolation for Monaco who were without Nigerian defender Elderson Echiejile in the 43rd minute. Vítor Pereira's men will travel to Stade Louis II for the second leg fixture next week Wednesday

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