Nigeria economy got $15.3bn, spent $6.6bn on import in 3 months

THE Central Bank of Nigeria has disclosed that total foreign exchange inflow into the economy in the second quarter of 2016 was $15.33billion. According to CBN, this represented an increase of 3.7 per cent above the level at the end of the first quarter but, showed a decline of 35.3 per cent relative to the level at the end of the corresponding period of 2015. Economy The development the CBN said was driven by increase in oil and non-oil receipts.

The Lantern of the Photuris Firefly

THE lantern, or light organ, of a particular Photuris firefly is covered with jagged scales that dramatically enhance the brightness of the light that the insect produces. * Jagged scales Consider: Researchers have found that tiny scales on the lantern surface of some fireflies form a corrugated pattern, somewhat like overlapping shingles or tiles. The scales tilt up at one end by just 3 micrometers —less than one twentieth the thickness of a human hair. Yet this tiny tilt lets the lantern shine almost 50 percent more brightly than it would if the scales formed an even surface!

An Overview of Indonesia

Land Straddling the equator between Australia and continental Asia, Indonesia is the world’s largest archipelago. Most of its more than 17,500 islands feature rugged mountains and dense tropical forests. With more than 100 active volcanoes, it is also the most active volcanic region on earth.

Oil—How It Affects You

HAVE you ever stopped to think what life for many would be like without petroleum and its products? Oil made from petroleum is used to lubricate motor vehicles, bicycles, strollers, and other things with moving parts. Oil lessens friction, thus slowing the breakdown of machine components. But that is not all.

Rielyn Co

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