Central Bank of Nigeria Injects additional $31m into BDC as Naira falls to N395

The Central bank of Nigeria (CBN), intervened in the bureau de change (BDC) segment by selling additional $31.3 million or $10,000 to 3,135 BDCs, even as the naira depreciated to N395 per dollar in the parallel market.

The special intervention was meant to meet the increase in forex requests by low-end customers using it for legitimate needs like school fees, medical bills, mortgage, etc. Banks are meant to stick to the newly amended policy of selling not more than $10,000 only to BDCs once a week.

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.

Beyonce’s Good Genes

Beyonce’ s good looks are definitely good genes. Here’s a 20-year-old baby faced Bey at the Golden Globes in 2001 (left) and 15 years later ... the flawless singer -- who turns 35 this weekend -- at the MTV VMAs last week (right) .

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.

Rielyn Co

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