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Naira Continues Recovery, Strengthens To ₦‎950

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Naira Continues Recovery, Strengthens To ₦‎950

Naira Continues Recovery, Strengthens To ₦‎950

 

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The naira continued its rebound against the dollar on Friday, strengthening to N950/$ on the average in the parallel market.

 

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This represents an N170 gain or a 15.18 percent appreciation of the local currency compared to the N1,120 it traded for on Thursday. This is also the second day of recovery for the naira following a move by the Central Bank of Nigeria to clear some of its FX backlog on Thursday.

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According to Bureaux De Change operators, who spoke to The PUNCH, the naira is still gaining as the market reacts positively to the CBN’s move.

 

 

 

A trader who only gave his name as Awolu said, “The dollar is N950 today if you want to buy it.”

 

 

 

Kadri, another trader, stated that he currently buys at N900/$ but sells at N950. He declared, “Dollar is coming down. It is N900 if you want to sell. But is N950 if you want to buy.”

 

Naira Continues Recovery, Strengthens To ₦‎950

 

Taura, another currency trader, stated that the naira was N1,015/$ in his area. He told The PUNCH, “If you want to sell, it is N980. But if you want to buy it is N1,015.”

Naira weakens to 1,180/$ after recent gains

Muhammad, added, “The naira is falling drastically. It is still failing. It is N970 now. The difference between buying and selling is N10.”

The President of the Association of Bureaux De Change Operators of Nigeria, Aminu Gwadabe, affirmed to The PUNCH on Thursday that the CBN’s move to clear some of its backlog has been responsible for the firming of the naira.

He said, “Yes, this is because of the CBN’s move to clear its backlogs. There is a kind signal in the market. The CBN should continue to make clarifications.”

On Thursday, The PUNCH reported that the apex bank of the country had commenced the payment of outstanding matured FX forwards owed to various creditors.

Unconfirmed sources noted that three banks, namely Citi Bank, Stanbic IBTC, and Standard Chartered Bank, received full payment of debts owed from the CBN.

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Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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Aviation Minister Explores Partnerships at Future Aviation Forum in Riyadh

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Aviation Minister Explores Partnerships at Future Aviation Forum in Riyadh

 

 

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The Honourable Minister of Aviation and Aerospace Development, Festus Keyamo SAN CON FCIarb (UK), is actively engaging with Middle East aviation leaders at the ongoing Future Aviation Forum in Riyadh, Saudi Arabia. Hosted at the prestigious King Abdulaziz International Conference Center (KAICC), the forum marks a pivotal moment for global aviation collaboration.

At the behest of His Excellency Jassim Saif Ahmed Al-Sulaiti, Minister of Transport of the State of Qatar, and His Excellency Saleh Al-Jasser, Minister of Transport and Logistics of the Kingdom of Saudi Arabia, the Aviation Minister convened on the sidelines to deepen ties between Nigeria and the Middle East in the realm of air transportation and logistics.

The third edition of the Future Aviation Forum, themed “Elevating Global Connectivity,” underscores the importance of fostering innovation, sustainable air travel, and cultural exchange. By bringing together leaders from the aviation sector and adjacent industries, the forum serves as a catalyst for knowledge exchange and business opportunities in a dynamic economic sector.

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Keyamo expressed gratitude to Minister Al-Sulaiti for his keen interest in Nigeria, affirming Nigeria’s openness to investment in civil aviation and other sectors of the economy. Emphasizing the importance of learning from Qatar’s success in airline operations, particularly exemplified by the global acclaim of Qatar Airways, the Minister sought collaboration to enhance Nigeria’s aviation sector.

A key proposal made by the Nigeria Aviation Minister involves encouraging Qatar Airways to patronize local catering services on its return trips to Doha from Nigeria. This initiative aligns with the principles of reciprocity outlined in the Bilateral Air Services Agreement (BASA) and aims to stimulate Nigeria’s local economy.

As the Future Aviation Forum continues until May 22, 2024, the Minister remains committed to forging strategic partnerships that will elevate Nigeria’s aviation industry on the global stage.

 

Aviation Minister Explores Partnerships at Future Aviation Forum in Riyadh

Tunde Moshood
SA Media and Communications to the Honourable Minister of Aviation and Aerospace Development

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Primate Ayodele’s Prophecy On Chad Presidential Election Comes To Pass

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Primate Ayodele’s Prophecy On Chad Presidential Election Comes To Pass

 

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The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has yet again been celebrated for the fulfillment of his prophecy on the just concluded Chad presidential election.

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The election saw the incumbent head of state, Idriss Deby becoming victorious.

Chad’s state election body said interim President Mahamat Idriss Deby won the 6 May presidential election outright with over 61 per cent of the vote, citing provisional results, even as his main challenger declared himself the winner.

This is in fulfillment of Primate Ayodele’s prophecy which he repeatedly shared about the outcome of the presidential election. Several prophecies of Primate Ayodele about Chad have come to pass already and the victory of Idriss Deby is just an addition to them.

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Most recent of his prophecy regarding the election was the one he shared earlier this month, a few days about the election making it known that the interim leader would win the election but there will be more issues to contend with in his administration.

Just like in his previous prophecies, Primate Ayodele assured Deby of victory in the election but warned him to be careful of attacks and attempt to truncate his government.

These were his words

‘’In Chad, Idriss will win the election but there will be a gang up against him. There will be attempts to truncate his government, despite the fact that his government will have international backings. He has good intentions but there will be complications politically.’’

In earlier prophecies, Primate Ayodele revealed that the election would favor the interim leader and that some opposition leaders would be disqualified from participating in the election. The prophet’s prophecy came through with the barring of some candidates.

‘’Chad: there will be political rowdiness, they will want to disqualify some candidates and there will be electoral violation. Mahamat Idriss Deby Itno will still have an edge except there’s a coalition. He will have an edge over other candidates. They should pray against the crisis during and after the election. New terrorist will come up in Chad, they will face a bigger security challenges.’’

Also, in a video interview, the prophet advised an opposition candidate, Succes Masra not to waste his money because the ruling party will win.

‘’Idriss will win, I am seeing Masra Succes wasting his money and energy, the ruling party will win’’

@primateayodele

#chad #chadtiktok🇹🇩 #idrissdeby #election #electionresult #fulfillment #prophecyfulfilled #chadian #deby #capcut #fyp #primateayodele #iescworldwide

♬ original sound – Primate Ayodele

Obviously, the election outcome has fulfilled the prophecy of Primate Elijah Ayodele.

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Olokun: What you need to know about Olokun*

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*Olokun: What you need to know about Olokun*

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Can we meet you ma?

I am Princess Latifat Wuraola Momodu , I am Yeye Olokun Agbaye

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Thank you Queen Mother!

Please can you tell us about Olokun ?

Let me introduce who Olokun is to you!
The name OLOKUN is derived from the word “OLO” meaning “OWNER” and “OKUN” meaning “OCEAN “.The ALMIGHTY GOD is the creator and owner of the ocean but placed a powerful Angel in charge(the head of the ocean who worships the most High GOD,the ALMIGHTY GOD and the GOD of the Universe OLODUMARE, OSANOBWA, CHINEKE,UBANGIDI,OGHENEetc.At the beginning of the creation of the world GOD created Okun(Ocean)n GOD rested in it.It is a miracle, powerful and healing water.GOD gave the Angel incharge unmatchable wisdom.He made Her govern over dreams, wealth, prosperity,meditation and healing.
GOD gave the Angel authority over all the water on earth.Infact because of the authority given to her by GOD ALMIGHTY She can transmit good health, wealth and prosperity to GOD s followers(those who worship only GOD ALMIGHTY )and members of Olokun faith(Olokun 1 members).
The light of GOD ALMIGHTY is in the Ocean,that is why so many people worship HIM in front of the Ocean.We Olokun 1 members believe in one GOD and we do not worship idols.GOD demands men to worship and esteem HIM as the only one and true GOD.D Angel/ruler/Queen of the Ocean worship s GOD who placed her there.In the olden days because of lack of education and civilization,the people who called themselves OLOKUN worshipers could not really pass a proper divine message about OLOKUN (GOD ALMIGHTY)to the people.They saw the amazing power of the Ocean as GOD’S n called it name an African word for GOD(OLOKUN).They were actually worshiping GOD in a way they understood it.l am the one sent by the ALMIGHTY GOD to pass a message to the world that we should worship only one GOD,the ALMIGHTY through OLOKUN faith or others.

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Thank you Queen Mother for this teaching, we believe alot of people will know more now ma!

 

Olokun: What you need to know about Olokun*

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