NEWS

Naira quoted at 253/$ as interbank market opens today

So while I was attending Engineering lecture the Naira was busy gaining back strength. As the new foreign exchange policy of the Central bank became effective this morning, the Naira was quoted at 253 against the U.S. dollar at the Interbank market. CBN last week said it would scrap its fixed exchange system which has seen the currency pegged at 197 to the U.S. dollar for the past 16 months. Market forces will ultimately determine the foreign exchange rate now. Opinionated Blogger, Japheth Omojuwa, gave some insight into the new Foreign exchange policy. (more&helli

EVENTS

Ben Bruce and Pat Utomi join Reno Omokri as he Commissions Orphanage

Author and TV host, Reno Omokri, dedicated an orphanage built in honour of his late mother in Benin city, Edo state. The orphanage, the Helen and Bemigho Sanctuary for Orphans, was dedicated by Arch Bishop John Praise Daniel and commissioned by Professor Pat Utomi. In attendance were Senator Ben Murray-Bruce and Michael Moszynski, founder and CEO of the award winning UK advertising firm, London. (more…)