Tag Archives: N600

Naira Exchanges At N485/$, N600/£

Posted on by
1

The Naira appears helpless in the face of efforts by the CBN and stakeholders in the forex market in fast -tracking its recovery, the News Agency of Nigeria (NAN) reports.

The Nigerian currency exchanged at N485 to a dollar at the parallel market on Wednesday in Lagos, while the Pound Sterling and the Euro traded at N600 and N510, respectively.

At the Bureau De Change (BDC) window, the Naira closed at N399 to a dollar, CBN controlled rate, while the Pound Sterling and the Euro exchanged at N606 and N512, respectively.

Trading at the interbank market saw the Naira closed at N305.50 to a dollar.

Traders at the market said that the shortage of the green back was impacting negatively on the performance of the Naira.

NAN reports that as the yuletide approaches, it is becoming clear that navigating the Naira to an upward trajectory involves concerted efforts by well meaning Nigerians.

It is undisputable that the Nigerian currency is fighting many battles that require patriotism on the part of the business community to win.

It will be recalled that Alhaji Aminu Gwadabe, President, Association of Bureau de Change Operators of Nigeria (ABCON) last week identified currency hoarding and speculation as monsters challenging the very existence of the Naira.

Remittances from Nigerians living abroad, which is put at 21 billion dollars, which was hitherto assisting in the defence of the nation’s currency from total destruction, has now reduced drastically.

Credit: NAN

My Husband Deceived My Parents, Paid Only N600 As My Bride Price

Posted on by
1

A trader, Margaret Agwu, on Wednesday told an Igando Customary Court, Lagos, that her husband, Onu, deceived her and her parents and paid just N600 as her bride price when she was still 12 years old.

She also said that sometimes he strips her naked and beats her to pulp.

Margret, who made this known when she testified in a divorce proceedings against Onu, told the court that her husband had turned her into a punching bag.“He once punched me in my stomach and I lost my first pregnancy after a fight.

I have lived every minute of my life in fear but I cannot go back to my parents because of the bride price,” she said. Margaret, 45, had urged the court to annul her 33-year-old marriage citing husband’s duplicity.

“When I was 12 years old, my husband came to my village to ask for my hand in marriage with a promise to my parents that he would send me to school.

“He also lied to my parents that he is a businessman that he owned a provision store and that he lived in a flat. “My parents told him that they cannot release me for marriage because I was too young and besides I was still schooling.

“Onu told my parents that he will send me to school after the marriage, my parent agreed and he paid the bride price,” she said.

Margaret regretted that on getting to the city, she discovered that her husband was not what he made her and her parents believe he was.

Read More:

http://www.vanguardngr.com/2016/09/husband-deceived-parents-paid-n600-bride-price/