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Tuesday, 20 August 2019
The Naira on Monday traded at N358.6 to the Dollar at the parallel market in Lagos.
The Pound sterling and the Euro closed at N445 and N396, respectively.
At the Bureau De Change (BDC) segment, the Naira was sold at N358.6, while the pound sterling and the euro closed at N445 and N396, respectively.
Trading at the investors’ window saw the Naira closing at N363.32 as market turnover stood at 477.04 million dollars.
The Naira, however, traded at N306.95 to the dollar at the official CBN window.
The News reports has it that the Naira had remained stable at the parallel market, due largely to the interventions of the CBN.
As the rate stands, it appears the parallel market rate determines the prevailing rate for most buyers.
Published in Bank & Finance

Iceland on Sunday honoured the passing of Okjokull, its first glacier lost to climate change, as scientists warn that some 400 others on the subarctic island risk the same fate.

As the world recently marked the warmest July ever on record, a bronze plaque was mounted on a bare rock in a ceremony on the former glacier in western Iceland, attended by local researchers and their peers at Rice University in the United States who initiated the project.

Iceland’s Prime Minister Katrin Jakobsdottir and former United Nations High Commissioner for Human Rights Mary Robinson also attended the event, as well as hundreds of scientists, journalists and members of the public who trekked to the site.

An appeal for efforts to stem global warming

“I hope this ceremony will be an inspiration not only to us here in Iceland but also for the rest of the world, because what we are seeing here is just one face of the climate crisis,” Jakobsdottir told AFP.

The plaque bears the inscription “A letter to the future”, and is intended to raise awareness about the decline of glaciers and the effects of climate change.

As the world recently marked the warmest July ever on record, a bronze plaque was mounted on a bare rock in a ceremony on Iceland's first glacier lost to climate change

“In the next 200 years all our glaciers are expected to follow the same path. This monument is to acknowledge that we know what is happening and what needs to be done. Only you know if we did it,” the plaque reads.

It is also labelled “415 ppm CO2”, referring to the record level of carbon dioxide measured in the atmosphere last May.

The plaque is “the first monument to a glacier lost to climate change anywhere in the world”, Cymene Howe, associate professor of anthropology at Rice University, said in July.

“Memorials everywhere stand for either human accomplishments, like the deeds of historic figures, or the losses and deaths we recognise as important,” she said.

“By memorialising a fallen glacier, we want to emphasise what is being lost — or dying — the world over, and also draw attention to the fact that this is something that humans have ‘accomplished’, although it is not something we should be proud of.”

Howe noted that the conversation about climate change can be abstract, with many dire statistics and sophisticated scientific models that can feel incomprehensible.

Published in World
Nigerian state oil company NNPC said on Sunday that 15 companies had won the right to swap the nation’s crude oil for fuels following a tender for the deals.
About 132 companies bid for the deals, Nigerian National Petroleum Corp (NNPC) said in May. The tender for the one-year contracts effective Oct. 1, dubbed direct sale, direct-purchase (DSDP), was issued in March.
Nigeria is almost entirely reliant on imported fuel because of years of neglect at its own refineries. It has leaned heavily on the swap arrangements to get fuel, particularly gasoline, as other would-be importers struggle to make money due to price caps.
NNPC said the companies that won the bids were made up of consortia of 15 companies including Vitol, Trafigura, oil major BP and local downstream companies.
Since the scheme was introduced in 2016, replacing a programme that paid subsidies to importers, NNPC has said it had saved the nation $2.2 billion and supplied some 90 percent of its import requirements.
Published in Business
FIFA on Monday announced its shortlist for this year’s Puskas Award.
Crystal Palace’s Andros Townsend and Brazilian Matheus Cunha, who plays as a winger for Bundesliga club RB Leipzig will vie with Lionel Messi and Zlatan Ibrahimovic.
Townsend’s stunning volley against Manchester City at the Etihad last term is one of the 10 contenders announced by world football’s governing body.
Townsend’s effort was the Premier League goal of the season in 2018-19, as awarded by Match of the Day.
The Cameroonian Ajara Nchout Njoya who plays for Norwegian club Vålerenga will also battle Zlatan and Messi courtesy of her strike on international duty against New Zealand on 20 June 2019.
She also scored a superb goal against Avaldsnes in a 2-2 draw in the Norwegian League.
Njoya dribbled past three defenders before firing her effort to the top corner of the net. The goal was adjudged the best goal in the Norwegian top-flight.
Barcelona superstar Messi registered his name on the list with his stunning chip against Real Betis in La Liga back in March.
Zlatan Ibrahimovic’s acrobatic volley for LA Galaxy against Toronto last September is also included, as is a remarkable mid-air backheel by Sampdoria’s Fabio Quagliarella, similarly notched last September.
Liverpool’s Mo Salah won the award last year for his virtuoso goal against Everton in the Premier League.
The list released by FIFA for this year’s Puskas Award contained the following names:
Matheus Cunha: Bayer Leverkusen vs. RB Leipzig (6 April 2019)
Zlatan Ibrahimovic: Toronto FC vs LA Galaxy (September 15, 2018)
Lionel Messi: Real Betis vs FC Barcelona (17 March 2019)
Ajara Nchout Njoya: Cameroon vs New Zealand (20 June 2019)
Fabio Quagliarella: Sampdoria vs Napoli (2 September 2018)
Juan Fernando Quintero: River Plate vs Racing Club (10 February 2019)
Amy Rodriguez: Utah Royals vs Sky Blue FC (16 June 2019)
Andros Townsend: Manchester City vs Crystal Palace (22 December 2018)
Daniel Zsori: Debrecen FC vs Ferencváros (16 February 2019)
Billie Simpson: Sion Swifts Ladies vs Cliftonville Ladies (9 August 2018)
However, voting is open until 1 September.
Public votes will decide the top three, while FIFA Legends will decide the Puskas Award winner.
Published in World
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