THE DRAMATIC RECOVERY OF NAIRA IS UNRELENTING, SEE CURRENT EXCHANGE RATE.

The Nigerian currency on Friday afternoon exchanged between #380 (buying rate) and #390 (selling rate), stronger than #400 recorded on Thursday, while the pound sterling and Euro closed at #490 and #430.

At the Bureau De Change (BDC) window, the Naira was sold at #399 to the dollar, while the pound sterling and the Euro were sold at #500 and #400.

The Nigerian currency appreciated at the inter-bank market, closing at #307 to the dollar, from #308
posted on Thursday. Traders at the market said liquidity boost at the inter-bank market by the CBN was fast forcing the rate down at the market.

Meanwhile, Alhaji Aminu Gwadabe, the President of the Association of Bureau De Change Operators of Nigeria (ABCON), said CBN-licenced BDCs would incur regulatory losses of #130 million this week. Gwadabe told newsmen that the losses were coming from CBN’s disparity in applicable exchange rates among players in the market.

According to him, the public has refused to buy foreign exchange from Bureau De Changes, for unforeseen such as medicals, school fees, and personal and business travel allowances at a rate above #375 to the dollar.

The financial expert urged the CBN to promptly address the issue.

“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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