Wednesday, 13 April 2016

For the third consecutive day, the Nigerian
currency remained firm against the dollar on
the parallel market.
The naira which had been on a free fall
against the dollar in previous weeks,
strengthened against the dollar this week,
standing at an appreciable N320/dollar for
the third consecutive day.

Black market sellers
revealed that the recent trips by President
Muhammadu Buhari, coupled with the prices
of crude oil, which rose to a four-month high
on Tuesday, April 12, may have contributed
to the latest developments.’s daily exchange monitor.
And as one of our reliable sources told us
on Tuesday, the naira exchange rate may
not necessarily appreciate on the black
market, but there are chances it will not fall
against the American currency this week.
“Since Monday, we have been selling
between N320 and N319/dollar and that is
the way it has been everywhere in the
country all week.
“It is a positive sign that better things are
underway for us this week, perhaps this
trend can follow us into the new week and
get better in the coming weeks that we have
this new month,” our impeccable source

President Buhari and President Xi Jinpeng of China

Nigeria’s President Muhammadu Buhari has
given out new orders from far away Beijing,
According to a statement issued by Shehu
Garba, the president’s senior special
assistant on media and publicity, President
Buhari directed that technical committees be
immediately established to finalize
discussions on new joint Nigeria/China rail,
power, manufacturing, agricultural and solid
mineral projects.

Buhari made this known after talks between
his delegation and high-ranking Chinese
government officials led by President Xi
Jinping, and has ordered that the technical
committees are to conclude their
assignments before the end of next month.
President Xi Jinpeng in company of
President Buhari exchange compliments with
Nigerian delegation which includes L-R:
Minister of Power, Works & Housing
Babatunde Raji Fashola (SAN), Minister of
Transport ,Rotimi Amaechi, Minister of
Science and Tecnology ,Ogbonnaya Onu,
Governor of Benue State ,Dr. Samuel Ortom,
Governor of Yobe State ,Alhaji Ibrahim
Geidam, Governor of Oyo State Abiola
Ajimobi, Governor of Jigawa Badaru
Abubakar and Governor of Ogun State,
Ibikunle Amosun.