Breaking news dollar fall in black market bureau de change crieds out click to see the new exchange rate

BREAKING On Naira: US Dollar Falls – Black Market Dealers Cry out — See How Much Is The Current Exchange Rate 1 day ago Politics Leave a comment 5,698 Views The President, Association of Bureau De Change Operators of Nigeria, Mr Aminu Gwadabe said the Federal Government’s plan to increase the availability of renminbi (Yuan) was already favouring the Naira against the dollar. Gwadabe said in an interview with the News Agency of Nigeria (NAN) on Saturday in Abuja that since the announcement, the Naira had appreciated by N10 against the dollar. NAN recalls that as a way to resuscitate the current currency slump in Nigeria, the Industrial and Commercial Bank of China Ltd and the Central Bank of Nigeria signed a deal on Yuan transactions. The deal meant the Yuan will flow freely around Nigerian banks and will even be included in the country’s foreign exchange reserves. Since 2014 when Yuan was recognised as a likely global reserve currency, Ghana, South Africa and Zimbabwe have integrated the currency into their financial markets. Gwadabe said the dollar was now changing for N310 as against the former rate of N320 and predicted that once the policy is in force, the price of dollar will continue to fall. “This new policy will help the informal payment sector. You know more than 50 per cent of foreign businesses in Nigeria is with China. Before now, Nigerians doing business in China have to change their money to dollar, then from dollar to Yuan. ” “You can all testify to the number of made in China things in the country. So if small and large businesses can convert straight to Yuan, it’s better. “Also we are hearing that the Yuan will not only be available in the Banks but in the BDC segment as well. “It will mean more business for us because most African countries will come to Nigeria to source for Yuan and we are excited about this development and we welcome it,” he said. He urged the CBN to monitor the development closely for effective implementation of the policy. (NAN)

A young man and his blind old father

Inspirational Story A 30-year old man visited his old father who could no longer see very well. As they sat in front of his house chatting, a dove flew in and perched on the window. The old man asked his son, "Is that a dove that perched on the window?". The son replied, "Yes dad". After a short while, he asked the son the same question a second time and got the same answer. When he asked the same question the third time, his son became angry and rebuked him saying, "This is why I hate visiting you, you keep repeating questions!". The old man was silent for about 10 minutes, and then he asked the son to go into his bedroom and fetch his old diary. The son did as he requested. Then he asked him to read page 2 of the diary. The son read as follows: "My son is 3 years old today. As we sat in front of the house playing, a dove flew in and perched on the window. My son asked me 30 times if it was a dove. I gladly replied "yes" to each question. I cannot explain in words how happy I am that my son has learned to talk. What a wonderful day to remember!" The young man dropped the diary on the ground, then he cried and apologized to his father. The old man spoke again, "Enough son, one mistake cannot make you less a man, but repeating the same mistake over and over again can kill any man. I've chosen today to teach you the final lesson before I depart this world. The lesson for today is Patience. Always be kind and considerate to the less privileged, this is how you'll stand out in eternity. Be nice to everyone on your way up, you'll definitely meet them again on your way down!"

Sanate gives three years validity for JAMB students

SENATE REDUCES JAMB FEE FROM N5,620 TO The Upper Chamber of the National Assembly on Wednesday passed a resolution, which slashed the registration fee of Unified Tertiary Matriculation Examination (UTME) from N5, 650 to 2, 500. This came following the adoption of the report of the Senate Committee on Tertiary Institutions and TETFund on the inquiry into the new admission policy of the Joint Admission and Matriculation Board (JAMB). At the plenary session Wednesday, the senators also recommended the extension of the validity period of the UTME to three academic year. The Senate also adopted the recommendation of the Committee chaired by Senator Binta Masi Garba (APC, Adamawa North) that the change of institution, course form and other incidental activities around the exam should be

When you teach your son how to speak igbo in America

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