Naira Improves As CBN Pumps $210m Into Forex Market

The Naira has continued to maintain its stability in the FOREX market, exchanging at an average of N362/$1 in the BDC segment of the mark, News Agency of Nigeria has reported.

This comes after the Central Bank of Nigeria (CBN) pumped $210 into the market to boost the inter-bank Foreign Exchange.

The Bank again on Tuesday offered the sum of $100 million to authorized dealers in the wholesale segment of the market.

The Small and Medium Scale Enterprises (SMEs) segment received the sum of $55 million while the sum of $55 million was apportioned to invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA).

The Bank’s Acting Director, Corporate Communications Department, Mr. Isaac Okorafor, said that the bank has the capacity to continue to sustain the foreign exchange intervention.

Okorafor urged authorized dealers to help sustain the confidence in the foreign exchange market by continuing to honour requests from customers with genuine needs.

It will be recalled that the Central Bank of Nigeria last Friday, May 4, 2018 intervened in the Secondary Market Intervention Sales (SMIS) to the tune of $349.34m

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Fulani Herdsmen Attack Guma In Benue, Injure Many (Photos)

A social media user based in the middlebelt part of Nigeria has reported a recent case of fresh killing in Benue State.

According to the story shared by Alex Anzo who lives in Makurdi, Fulani herdsmen in the early hours of today attacked Mande Mbaawa Council ward in Guma LGA of Benue state.

He shared the photos of the victims of the attack. President Muhammadu Buhari has maintained his commitment to protection of lives and properties in his regular statements.

See more photos:-

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Davido, Wizkid & Olamide To Feature On Ycee’s Upcoming Debut Album

Ycee is undoubtedly one of the most exciting new artists working today.

After scoring one of 2017’s biggest hits, “Juice” featuring Maleek Berry, he came through with an EP, First Wave, that showcased even more of his impressive range.

His 2018 has been just as impressive, as he’s dropped a remarkable joint EP with Bella Alubo, Late Night Vibrations; shined on a bunch of solid features; and released two fantastic singles, “Say Bye Bye” and “Your Love”.

Now, he’s set to finally drop his debut album, Ain’t Nobody Badder Than.

During a recent interview with Pulse, Ycee revealed that the album, which he is currently concluding, will be out before the end of the year, and will include features from a bunch of superstars like Davido, Wizkid, Phyno and more.

About why he had to drop an EP first, Ycee said:

“There are certain artists that their debut album is their first offering, but I think in Nigeria, you have to amass a following that will make you putting out an album a profitable thing to do.

The EP was a test project. I touched on almost all genres, and I was able to identify which side of Ycee my core following leaned towards the most.”

About dropping an album in this singles-obsessed market, he continued:

“I feel what the industry is now is a singles market, but it’s not like people are not listening to albums. I think an album is something that the artist owes to their core fans”.

For the rest of the interview, Ycee also talked about almost quitting music, his reaction to M.I’s accusatory single, “You Rappers Should Fix Up Your Life, the state of Nigerian hip-hop and more. You can read the full interview right here.

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