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Alert: Naira Gains A Massive 5% Against the Dollar

The exchange rate rebounded on Friday to close at N308 at the official interbank market. The local currency gained about 5.2% reversing the N325 it closed with on Thursday. According to reports, the gains was mostly due to a sale of forex by the Central Bank of Nigeria providing enough liquidity to meet the demand currently in the market. The naira has closed at an all time low of N364 to the dollar on Thursday following a surge in demand. The central bank has been selling dollars almost daily to boost liquidity and support the naira. Join our BBM channel for instant updates : C0030863D

How to overcome procrastination: this will help you!!!

And so I came across this write up by Gennaro Cuofano, and I thought it wise to share I do not understand why procrastination is perceived as a very bad thing. I honestly don’t know about you but thank god I am a procrastinator. If it weren’t so right now I would be a fat smoker and a lonely man. If I am not fat is because most of the time I procrastinate in eating food that is unhealthy for me. If I am not a smoker is because I procrastinate in taking another bad habit, which would make me go out during the night to buy a package of cigarettes. If I am not lonely is because each time I am pissed at someone I procrastinate in f***ing them off. I actually wish I was a better procrastinator. If it were the case I would be a much better person than I am. But I am not and I am working on it to become the world’s top procrastinator! Procrastination is a blessing. We have evolved in an environment with limited resources and our body and mind too is the result of a...

Here’s Proof Naira Is Onto Its Longest Gaining Streak In The Parallel Market

It’s official, the Naira is currently on track to ride on its longest running gaining streak against the dollar in the parallel market. From hitting a low of N490 against the dollar the naira has since gained by about N40 to close at N454 on Monday. If it sustains this gain this week, then we are likely going to witness the longest streak of gain against the dollar in recent times. Analysts had expected the naira to cross the N500 band by October following a downward spiral that coincided with the ban of some commercial banks by the CBN as well as a spike in demand for dollars to meet up school fees for the fall. The liquidity bit so hard it was nearly impossible to buy dollars on the black market for the same price within a space of an hour. However, the naira regained strength after news that Travelex was going to commence operations in Nigeria and has remained strong since it commenced operations about a week ago. According to information from some BDC’s, m...

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