Naira: CBN to fine-tune exchange rate

ABUJA — The Central Bank of Nigeria (CBN), yesterday, said it would soon fine tune the exchange rate of the Naira, even as the nation’s currency depreciated further to N305 against the dollar in the parallel market. Addressing journalists at the end of the Monetary Policy Committee (MPC) meeting, yesterday, CBN Governor, Mr. Godwin Emefiele, said the CBN would soon come out with efforts to fine tune the exchange rate framework. This, he said, was to ensure “a more effective and liquid foreign exchange market, taking into account Nigeria’s strategic development priorities, with the policies being designed within an environment of regularly ensuring consistency with monetary and fiscal policies.” The CBN governor gave no indication that he was ready to ease currency-trading and import restrictions that had kept the inter-bank exchange rate at 197-199 per dollar since March, even though they had been widely panned by investors, criticised by businesses and questioned by lawmakers.

Kanye West Rapper set to debut new album and Yeezy season 3 on same day

Kanye West This is not a drill! Kanye West will be debuting Yeezy Season 3 and the world premiere of his new album, Waves, at Madison Square Garden at 4:00 p.m. EST on the 11th of February. The internet has been restless ever since Ticketmaster posted a sale for a joint Yeezy Season 3 and Waves premiere at Madison Square Garden. Everyone

wondered if Kanye West really had something special for New York Fashion Week. However, it’s been confirmed to be true. The event will most likely fill the stadium’s 18,200 seats, and will also be broadcasted live in several theaters worldwide, which will increase the number of attendees and watchers into the high five figures. Meanwhile, the show’s invitations may offer some insight to what the show may be like. Also, Vanessa Beecroft, who’s worked with West in the past will be on hand with a performance. The invite’s center logo features a slanted “Y” in a muted marigold, vermilion, and chocolate brown, which may be a hint that West will still explore neutral monochromes in his upcoming collection. In addition, one of the photos by documentary photographer Paul Lowe, which was taken during the Rwandan genocide in 1995 also features.

Student dies of lassa fever in Ebonyi state

An unidentified student has died of Lassa fever in Ebonyi State. The state governor Dave Umahi made this known at a town hall meeting in Abakalili, the state capital yesterday January 26th. Speaking at the meeting, Umahi urged residents of the state to immediately go to the hospital for proper testing anytime they fall ill “It may be Lassa fever and if it is detected early, it can be treated than when it reaches an advanced stage when it may be difficult to save the victim.”he said Meanwhile the Rivers state government has declared "Operation Kill all Rats" in the state after 6 people died from the disease in the state. Lassa fever is a deadly fever transmitted by rats. It can be prevented by keeping a clean environment. Early symptoms of the disease include fever, headache, chills, diarrhea, nausea, vomiting, sore throat, backache, and joint pains. Late symptoms include bleeding from the eyes, ears and nose, bleeding from the mouth and rectum, eye swelling, swelling of the genitals and rashes all over the body that often contain blood. It could progress to coma, shock and death.

Airline introduces world's first Airbus A320neo to fleet

Lufthansa has gone ahead of the curve by introducing the all-new Airbus A320neo to its fleet. According to Mashable, the aircraft is designed to be more quiet and efficient than its predecessors, and will make its maiden voyage from Frankfurt Airport to Hamburg on Sunday. Speaking on the development, Carsten Spohr, CEO of Deutsche Lufthansa AG said: "We are pleased to be the first airline in the world to take possession of the Airbus A320neo, The cutting-edge technologies of Airbus and Pratt & Whitney make the A320neo the most efficient and quietest aircraft for short- and medium-haul flights by far."

Naira at lowest level in 43years, now N305/dollar

LAGOS—The financial sector appears to have entered a heightened pressure, yesterday, as both the foreign exchange and stock market sustained major negative trends. The Naira depreciated further to a 43-year low at N305 per dollar as scarcity of dollars intensified in the unofficial market. From an average of N287 per dollar on Tuesday, the parallel market exchange rate rose to an average of N305 per dollar across the country. Similarly, the new year stock market haemorrhage entered the eighth day yesterday, with a total N1.22 trillion losses to investors, giving a year-to-date decline of 12.36 per cent in market capitalisation. Naira-Dollar Naira-Dollar The market key index, the Nigerian Stock Exchange All Share Index, NSE ASI, declined year-to-date by same margin. The stock exchange, which opened this year at market capitalisation of N9.851 trillion began a free fall till yesterday, closing at N8.63 trillion while the NSE ASI which opened the year at 28,642.25 points closed yesterday at 25,103.05 points. The losses were heightened in the last 48 hours with a cumulative two-day loss of N430 billion following the escalated foreign exchange management crises which came with CBN’s announcement of its decision to cease sale of foreign exchange to BDCs on account of the precarious state the operators had forced the entire economy. Since Monday when the Central Bank of Nigeria (CBN) stopped weekly dollar sales to Bureaux De Change (BDCs), the Naira has been depreciating against the dollar.

El Chapo Mexican drug lord sent back to same prison he escaped

It was further reported that though Guzman had been recaptured and imprisoned, his extradition to the United States of America might take some time. Drug lord Joaquin "El Chapo" Guzman is escorted by soldiers during a presentation in Mexico City, January 8, 2016. » more Drug lord Joaquin "El Chapo" Guzman is escorted by soldiers during a presentation in Mexico City, January 8, 2016. (REUTERS/Tomas Bravo) After recapturing Mexican drug lord, Joaquin "El Chapo" Guzman in a pre-dawn shootout and chase through drains on Friday, January 8, 2015, sources say he has been sent back to the same prison he escaped from six months ago. According to multiple reports, the head of the powerful Sinaloa drug cartel was returned to the same prison he escaped from in a boost for the beleaguered government of Mexican president, Enrique Pena Nieto. Read: Word's most notorious drug lord recaptured It was further reported that though Guzman had been recaptured and imprisoned, his extradition to the United States of America might take some time. A senior Mexican official said the attorney general's office would quickly move to determine how Guzman could be extradited, but that it could be months before he would be sent out of the country. After coming under fire for failing to send Guzman to the United States before he escaped the last time, Mexico said in July it had approved an order to extradite him north of the border. Hours after recapturing Guzman on Friday, the U.S. Justice department said its previous request to extradite Guzman to the United States still stands.

Obasanjo ‘Ex-President is the greatest African after Nelson Mandela

,’ Former Oyo State Governor, Rashidi Ladoja has described former President, Olusegun Obasanjo as the greatest African after iconic South African leader, late Nelson Mandela. Ladoja reportedly made the comments while addressing journalists at his Ibadan home during a recent meeting. “Since he (Obasanjo) became Head of State in 1976, he has always had a hand in who becomes the president of Nigeria. It was said he had a hand in how Alhaji Shehu Shagari became the president of Nigeria in 1979. After Shagari, the next one we had was when he became president in 1999,” he said. “Look at this paradox, Obasanjo became president 20 years after he was said to have had a hand in how Shagari became president. He also had hand in how the late Alhaji Umar Yar’Adua became president in 2007. He also had hand in how Goodluck Jonathan became president and he had hand in how Muhammadu Buhari became president. “Tell me if there is any Nigerian that can be said to be greater than that. Obasanjo’s voice in Africa today is about number one. When he talks, everybody knows that Obasanjo has talked. We should not minimise the fact that God decides what he wants to do. I am not a pastor, but I believe that God has a hand in everything that is happening in Nigeria, and even everything that is happening in the world. “If he calls the United States President, Barack Obama, he doesn’t need to say who is Obasanjo? The world leaders know him. The Secretary General of the United Nations, Ban ki Moon, knows him. He may not be the most righteous but he has been the one that has been so favoured. Buhari became President, essentially because of the vote of the North. Obasanjo became president, not because of the votes of the West, it was not the vote of his own people. “So, me and my brother (Obasanjo) are not good friends o. We cannot sit down together for one hour without fighting. But it cannot be denied that so far he is the biggest Nigerian and as of today, the greatest African after Nelson Mandela, who is no more,”

Annie Hathaway Pregnant actress looks fit, beautiful in new photo

Soon to be mom Anne Hathaway is enjoying her days to become a mother with her husband Adam Shulman with a healthy diet and exercise regime with lots of yoga. Oscar winning Actress, Anne Hathaway who is expecting her first child with husband Adam Shulman was spotted doing high energy workouts at the gym and looking as beautiful as ever. Sources close to her said that Anne wants to stay fit and healthy and she does not want to rush back into the films, she don’t want to put herself under pressure to quickly become slim. She does yoga every day to relax and de-stress and eating mainly organic food to stay healthy. Her energy levels are high and she is loving the fact that a little angel is growing inside her.

Accolade as President's daughter turns 21

The stunning young lady shared new photos via Twitter, marking her special day, as she looked gorgeous and excited, showing off her 3-tier birthday cake.

Tinubu ‘Nigeria’s economy is in serious trouble,’ APC leader says

» more National Leader of the All Progressives Congress (APC), According to the National Leader of the All Progressives Congress (APC), Bola Tinubu, Nigeria’s economy has ‘collided into a merciless and immovable wall’. Tinubu made the remark on Thursday, December 17, 2015, via a statement released by his media office. The statement reads in part: “For decades, Nigeria danced in close confines with economic disaster. In the past, higher oil prices allowed us to dodge the worst.” “We have survived but not thrived. Improvised but not planned. Spent but not invested. Laughed, drank and feasted but did not build, construct or maintain.” “Now, Nigeria has collided into a wall, merciless and immovable. The present downturn in oil prices may be more than just a transient slump in the business cycle.” “Nigeria needs economic liberation. Before we can free our economy, we must free ourselves of the economic myths consigning us to our current predicament.” Tinubu’s statement comes at a time when the Naira is selling at 280 to the dollar and 405 to the pound. Meanwhile, the Minister of State for Petroleum Resources, Ibe Kachikwu has said that the country can no longer afford to fund its oil and gas sector.

Kachikwu Nigeria can no longer fund oil industry

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has said that Nigeria no longer has the resources to fund the oil and gas industry. Dr Ibe Kachikwu The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has said that Nigeria no longer has the resources to fund the oil and gas industry. Kachikwu made the disclosure on Thursday, December 17, 2015, during a town hall meeting in Abuja. “Financing is going to be a key component of our goal, because new models of financing would have to emerge. The country does not have the sort of resources to continue to fund the oil industry,” the minister said. “As we go upstream, we are going to begin to see a lot of innovative financing mechanism to provide funding for the oil industry. My dream, if I achieve it, is that by the end of 2016, we would completely exit cash calls and be able to find ways to help support our business and get a lot more autonomy in terms of running the industry and report, basically, profit to the Federal Government,” he added.

Obasanjo Reps to probe former president’s $5M Lake Chad grant

According to the House, the money was given to the commission to carry out “feasibility studies on how to direct rivers to the lake,” but not much was heard about the money after it was released. The House of Representatives has begun an investigation into how a sum of $5 million, which was given to the Lake Chad Basin Commission by the Olusegun Obasanjo administration was spent. The investigation began on Thursday, December 17, 2015, according to a report by Punch. According to the House, the money was given to the commission to carry out “feasibility studies on how to direct rivers to the lake,” but not much was heard about the money after it was released. “The House is aware that the percentage contribution towards the commission’s annual budget is 40 per cent by Nigeria; 18 per cent by Libya; 20 per cent by Cameroon; seven per cent by Niger; 11 per cent by Chad and four per cent by Central African Republic,” a resolution by the House read. “The House is informed that the sum of $5m was released by the administration of former President Olusegun Obasanjo to the commission for feasibility studies on how to divert rivers from the Central African Republic to Lake Chad, which was drying up, in addition to funding the Lake Chad Basin Commission’s annual budget through the funding formula, to which Nigeria contributes 40 per cent. “The House regrets that transaction of this magnitude paid for with tax payers’ money has not been given the due attention it deserves by way of follow-up,” the resolution added. Following the resolution, House Speaker, Yakubu Dogara ordered the committee in charge to conduct the investigation and produce a report within eight weeks.

U-23 players receive N2.3M each for AFCON triumph

Nigeria Ddream Team VI won the U-23 Africa Cup of Nations in Senegal » more U-23 players receive N2.3M each for AFCON triumph (TheNFF.COM) The Dream Team VI have been rewarded for winning the U-23 Africa Cup of Nations. The Samson Siasia led team on Saturday, December 12 defeated Algeria to win the tournament that held in Senegal. The players who arrived in Lagos on Monday, December 14 have received the sum of N2.3m ($12,000) from Nigeria Football Federation (NFF). Victorious U-23 players arrive Nigeria » more The victorious U-23 team arrived in Nigeria in Monday

The NFF paid a total of $500,000 to the victorious Nigeria under 23 players. Head Coach Siasia received about N4.7m ($24,000). Victorious U-23 players arrive Nigeria » more Head Coach Siasia received about N4.7m ($24,000) (Twitter) A further breakdown showed the team were paid the Naira equivalent of $4,000-a-player for the final win, $3,000-a-man for the semi-final win over hosts Senegal, $2,000-a-man for the opening-day win over Mali, and $1,000 for the draws with Egypt and Algeria. They were also paid $100 per day for the 10 days they trained in The Gambia prior to this championship, which amounted to $1,000.

Adewale “Wally” Adeyemo Nigerian appointed by Obama as Deputy National Security Adviser

Adewale “Wally” Adeyemo has been appointed by US President Barack Obama to succeed Caroline Atkinson as his deputy national security adviser for international economic affairs. Adewale “Wally” Adeyemo, who has served in top roles at the Treasury Department, has been appointed by US President Barack Obama to succeed Caroline Atkinson as his deputy national security adviser for international economic affairs. Atkinson will be leaving after having served in at the post since June 2013, a position that includes coordinating U.S. participation in the annual summits of the Group of 20 and Group of Seven countries. Adeyemo, 34, joined the White House’s National Economic Council as deputy director this fall from the Treasury, where he served most recently as the deputy chief of staff to Secretary Jacob Lew. He was the Treasury’s lead negotiator on the currency agreement that was part of the Pacific trade deal. Mr. Adeyemo also worked on Treasury’s response to crises in Ukraine and Greece and in 2010 was one of the first officials charged with standing up the Consumer Financial Protection Bureau. In a statement, Mr. Obama thanked Ms. Atkinson for her service and said he was grateful that Mr. Adeyemo would carry on her work. Mr. Adeyemo had been nominated by Mr. Obama to serve as assistant Treasury secretary for international markets and development, but a White House official said Mr. Adeyemo had asked the president to withdraw the nomination given his new role. The US Secretary of Treasury, Mr. Lew, said that Mr. Adeyemo had “developed a network of international relationships in economic offices around the world to promote U.S. interests effectively.” Former Treasury Secretary Tim Geithner said Mr. Adeyemo, who joined the administration in 2009, was a “natural diplomat with a great feel for policy.”

Skincare DIY How to remove facial hair naturally with egg, tissue

Ladies with facial hair especially around the upper lips struggle with discolouration when it's makeup time! READ: Here's 1 fast way to get clearer skin Egg white and tissue work perfectly together for hair removal as well as for brighter and clearer skin » more Egg white and tissue work perfectly together for hair removal as well as for brighter and clearer skin (examiner) The presence of facial hair on the face differs from a lady to the other but it should always to be taken care of. Some ladies opt for cosmetic surgery or other simple ways with home remedies also worth mentioning. A raved method is the eggs and tissue method which not only removes facial hair but leaves the skin clean, clearer and brighter as well. Here is what to do: READ: How to get naturally brighter, lighter skin in 5 easy steps Ingredients: Egg (white) Tissue Brush (for application) Directions: 1. Clean/cleanse the face to completely get rid of any makeup residue 2. Break the egg and get out the egg white 3. Apply the egg white in soft strokes using the brush on your face while gently placing tissue over it, you can do this in double layers. 4. Wait for 10mins (don't wait it out for too long) 5. Gently peel off the tissue (gently like you would a peel off mask) 6. Wash and moisturize the face.