NAIRA FALLS TO #495 PER DOLLAR AS FOREX SCARCITY LINGERS.

Author: Nomso Obiajuru:
The Naira dropped #3 to trade at #495 to the dollar at the parallel market from #492/$1 rate it was on Wednesday, January 11.

Recall that at the twilight of 2016, speculators forecasted that the Naira would exchange at #500 to a dollar.
The local currency also closed at #597 and #515 against the Pound Sterling and the Euro respectively.

At the official interbank window, the Naira closed at #305 to a dollar.

Trading at Bureau De Change (BDC) window saw the Naira close at #399 to a dollar, while the Pound Sterling and the Euro exchanged at #600 and #510, respectively.

Meanwhile, Nigeria will get out of recession, and grow its gross domestic product (GDP) by 1% in 2017, according to a global economic report by the World Bank.

The World Bank said in a report released on Tuesday, January 10, that the global economy will accelerate moderately to 2.7% in 2017

“YOUR ‘PUNANI’ CAN MAKE YOU RICH, USE IT WISELY” SLAY QUEEN ADVISES WOMEN.

Mixed reactions and criticisms by Nigerians have trailed a young slay queen following her controversial post where she advised ladies to use their private for fame and wealth. The Nigerian slay queen identified simply as Sunbo Ap has taken to popular social networking platform, Snapchat, to advise Nigerian ladies on how to make judicious use of their private part. She posted her photo and wrote: “Use ur punani wisely, it would either make u broke, famous or rich, Don’t just open ur legs 4 fried rice chicken n salad.”

ACTING PRESIDENT OSIBANJO SET TO SIGN 2017 BUDGET, INAUGURATES NEW MINISTERS.

Though report of the three-man Presidential Committee that investigated the Secretary to the Government of the Federation, SGF, Babachir Lawal, and the Director-General, Nigerian Intelligence Agency, NIA, Ayo Oke, is yet to be made public, both men stand suspended, a Presidency source has said. Investigations by Vanguard, last night, revealed that chairman of the committee, Acting President Yemi

Kola Abiola Speaks On His Marriage To Babangida’s Daughter (Read full gist)

Kola Abiola, the eldest son of Late Chief MKO Abiola, has finally spoken on his alleged marriage to Aisha Babangida, the eldest daughter of Nigeria’s former Military President Gen. Ibrahim Badamosi Babangida (IBB). IBB and MKO Abiola were friends until the latter contested and won the June 12, 1993, presidential election, but the former would later cancel the election. Their relationship went sour, but before the annulment, Kola and Aisha were allegedly dating. At a time, it was speculated that they secretly got married. Rumour-mongers said the marriage failed after IBB annulled the election of MKO Abiola, which the late business mogul convincingly won under the Social Democratic Party (SDP). In an interview, Kola said they never got married. According to him, they’ve been friends before politics. “We never got married. I had known her way before politics and, if I wanted to, I would have married her long before the election, but it would not have made an

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