Naira appreciated by 30.3% against dollar in 10 months

Naira notes

The naira has appreciated by 30.3 per cent since February when the Central Bank of Nigeria began its aggressive interventions at the foreign exchange market, the News Agency of Nigeria reports.

The Nigerian currency had exchanged at N520 to the dollar at the peak of onslaughts by currency speculators before the CBN started intervening by injecting foreign exchange in the market

The CBN injection of over 3.6 billion dollars to meet the demand for foreign exchange which resulted in the convergence of rates at the parallel market and the Bureau De Change segments.

The apex bank’s intervention led to the current flattening of the rate at 362.5 to the dollar at the parallel market.

Prof Sheriffdeen Tella, a Senior Economist at the Olabisi Onabanjo University, Ago-Iwoye, Ogun State, said that the CBN interventions were made possible by the increase in the price of oil at the international market.

Tella said that the crude oil production output of two million barrels per day also meant more money for the nation.

WorldCupDraw: We’ve been good at writing teams off – England manager

England’s striker Harry Kane (C) celebrates with his team mates after scoring against Malta during the 2018 FIFA World Cup qualifying football match Malta vs England at the National Stadium in Malta’s Ta’ Qali village, on September 1, 2017. / AFP PHOTO / ANDREAS SOLARO

England manager Gareth Southgate refused to get carried away

with what appeared to be a hugely favourable draw on Friday for his team at the 2018 world cup in Russia

The draw in Moscow saw England given games against Belgium, Panama and Tunisia in Group G.

It meant England, who have not won a major men’s international trophy since lifting the 1966 World Cup on home soil, avoided global giants Argentina, Brazil and Germany after Argentina great Diego Maradona picked them out of Pot 2 at the Kremlin’s State Palace.

Here’s The Full List Of Nominees For The Future Awards Africa 2017 | #TFAA2017 Holds On Dec 9

Mercedes Benz GLC F-Cell

2018-GLC-F-CELL-FUTURE-HIGHLIGHTS_01-D.jpgder the new EQ Power designation, Mercedes-Benz is developing the vehicles and products that will fuel tomorrow’s emissions-free drive. The latest development? The GLC F-Cell, the world´s first electric vehicle with a hybrid fuel-cell / battery powertrain.

Presented via preproduction models at the IAA International Motor Show in Frankfurt, the GLC F-Cell runs on two sources of power: hydrogen and electricity. By combining innovative, compact fuel-cell technology with a plug-in lithium-ion battery, the GLC F-Cell provides everyday practicality while enabling long-distance travel.

The GLC F-Cell also offers great flexibility in how it´s driven, with four different modes taking maximum advantage of each power source depending on the circumstances. In Hybrid mode, for example, the vehicle draws on both sources, with power peaks handled by the battery and the fuel cell contributing to optimum efficiency. In F-Cell mode, the hydrogen fuel cell provides all the power, allowing drivers to keep the electric range in reserve. Battery mode and Charge mode enable further efficiencies. With the ability to plug in and charge and with fast refuel times, the GLC F-Cell provides maximum options with no emissions whatsoever.

As forward-looking as the vehicle is, it is also distinctly Mercedes-Benz, with no touch spared when it comes to comfort, safety, quality and design. In fact, the new technology contributes here as well. For example, excess heat from other components is used to balance climate control in cooler temperatures. The rear provides all the space you´d expect from an SUV. And an exclusive wood-trim interior plus wool and linen fabric covers give the GLC F-Cell an elegant ambience all its own.

Avengers Infinity War

Marvel Heroes

The amazing Marvel studio heroes wears a new look in the next revealing movie Avengers Infinity war. The story talks about a great villain named Thanos and his messengers came to invade the earth, in that process Tony Stark (Ironman), Bruce Banner (Hulk) and other heroes in the avengers gather up against Thanos but the war was a total downfall because it lead to the death of all the heroes except Dr Strange who has the ability to control time and reverse the time after the war which brought to the resurrection of the heroes. It will be released 2018 April 25

Powered by

Up ↑

%d bloggers like this: