Naira crashes, now exchanging at N412 for a dollar

The Nigerian Naira plunged further in value on Monday March 30, as it exchanged at N412 for a dollar following a temporary suspension of sale of forex to the Bureau De Change operators in the country by the Central Bank of Nigeria. .

Recall that the apex bank had pegged the exchange rate of the Naira at N380 to the dollar, a move it insisted was not a devaluation of the Nigerian currency.

The CBN however granted the Association of Bureaux De Change Operators of Nigeria its request of going on holiday due to challenges in the local and global economies over the coronavirus pandemic. .

While the Naira has crashed in its value due to the low price of crude oil in the international market in recent times, BDC operators have disclosed that there has been a drastic decline in demand for forex due to the impact of coronavirus on the economy. The financial market stakeholders also disclosed that businesses are down and many people are not travelling

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NBA Youngboy now a father of 7 at age 21 after welcoming child with Yaya Mayweather

NBA YoungBoy, who turned 21 in October 2020, has welcomed his 7th child already. The Baton Rouge, Louisiana-born rapper welcomed his 7th child with Yaya Mayweather, the 20-year-old daughter of Floyd Mayweather Jr. Back in October, Yaya’s father, Floyd Mayweather Jr., confirmed that his daughter and NBA YoungBoy were expecting their first child, saying: "I just want the best for my daughter, always want the best. If that makes her happy, then we’re happy, me and her mother are happy." Just last year, on November 26, while awaiting the birth of his seventh child, Youngboy welcomed his 6th child with actress Drea Symone. His 6th and 7th children are less than 2 months apart in age. YoungBoy, whose real name is Kentrell DeSean Gaulden, began having kids as a teenager. Most of his kids are really close in age. At age 18, he already had 4 kids (read here ). In total, the 21-year-old rapper has 5 sons...

Boko Haram throws Maiduguri into darkness again, blows up power tower.

Barely 72 hours after electric power was restored in Maiduguri, Borno State, Boko Haram insurgents on Saturday, March 27, blew up another transmission tower in the city. Premium Times reports that the insurgents planted explosives on each leg of the tower, which they detonated at about 6 a.m. In January, the terrorists struck power installations thrice at a location about 50km from Maiduguri to keep the city in the dark. The power, was however, restored on Wednesday, March 24, after nearly two months of blackout. While reconnecting the installation, three TCN officials were severely injured by a landmine planted by the insurgents. Another official was said to have lost his life after falling off a tower. The city has now been thrown into another darkness following the Saturday morning attack.

Senator R. F Kennedy’s k*ller to be released after two of his sons voted in support

A California parole board on Friday, August 27, voted to release from prison Sirhan Sirhan, the man convicted of sh*oting d*ad Robert F. Kennedy in a 1968 a*sas*ination that rocked the United States. This comes after RFK’s two sons went against several of their siblings’ wishes and said they supported releasing him and prosecutors declined to argue he should be kept behind bars, AP News reports. Douglas Kennedy was a toddler when his father was g*nned down in 1968. He told a two-person board panel that he was moved to tears by Sirhan’s remorse and that the 77-year-old should be released if he’s not a threat to others. Born March 19, 1944, Sirhan is a Palestinian militant who was found guilty of a*sas*inating the New York Senator and brother of slain president John F Kennedy in a Los Angeles hotel on June 5, 1968. Robert F. Kennedy was campaigning for the Democratic presidential nomination to follow in the family footsteps when he was g*nned down. His m*rder came ...

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