The Naira on Thursday, depreciated further at the investors’ window, exchanging at N360.31 to the dollar, the News Agency of Nigeria (NAN) reports.
The Nigerian currency lost 15 kobo from N360.16 traded on Wednesday. The naira also dipped at the parallel market, selling at N363 to the dollar while the Pound Sterling and the Euro closed at N515 and N445.
Trading at the Bureau De Change (BDC) segment saw the Naira closed at N362 to the dollar while the Pound Sterling and the Euro closed at N515 and N445.
The Naira traded at N305.6 to the dollar at the CBN window.
Meanwhile, traders at the BDC segment said they had been experiencing liquidity squeeze, adding that some BDCs had been technically edged out of the CBN window due to operational loses.
NAN reports that some employees of BDCs have been laid-off as a consequence of the liquidity squeeze, thereby increasing the number of the unemployed at the labour market.
However, CBN had continued to inject foreign exchange into the market to defend the Naira from the antics of currency speculators.
In 2017 alone, CBN injected about 16 billion dollars to the FOREX market
» News - Naira - News - Nigerian Currency
Some political parties have expressed serious concern over the high number of unclaimed Permanent Voter Cards (PVCs) by registered voters in Lagos State. Principal officials of the parties expressed their concerns in separate interviews with the News Agency of Nigeria (NAN) in Lagos on Thursday.
They said participation in the electoral process would be limited if people who registered to vote do not pick up their PVCs.
NAN reports that the Independent National Electoral Commission (INEC) in a report published recently said that 7,920,129 PVCs were unclaimed nationwide as of March 22, 2018.
According to the report, Lagos State has the highest number with 1,401,390 PVCs still awaiting collection. The State Chairman of the New Nigeria People’s Party (NNPP), Mallam Shakirudeen Olofin, described the situation as worrisome.
Olofin said the issue of unclaimed PVCs was not good for democracy.
“It is not in the interest of democracy for people to register to vote and not claim their cards.
“I mean, if they do not collect their cards how will they vote? How will they elect their leaders? How can our democracy grow?
“INEC should do a lot of sensitization on the issue as some registered voters may not even be aware that their cards are ready.
“The commission should explore the different means of communication to reach the electorate on this issue,’’ he said.
The NNPP chairman said it was the civic responsibility of every eligible voter to participate in the electoral process and urged people to check their cards at the appropriate offices.
He said the NNPP would embark on aggressive campaign on the issue and urged all other parties to do the same.
Similarly, Mr Kola Ajayi, State Chairman, Alliance for Democracy (AD), decried the situation, calling on INEC to step up enlightenment on the issue.
Ajayi said that those unaware that their PVCs were ready tended to re-register amounting to multiple registration.
“We urge Nigerians who are yet to collect their cards to check at the appropriate offices near to them so that they could partake in the process,’’ he said.
Also speaking, the State Chairman of the National Conscience Party (NCP), Mr Fatai Ibu-Owo, said the problem arose from the long time it took to process the cards.
Ibu-Owo said the problem would have been averted if PVCs were issued by INEC as soon as people registered.
“It takes about three to four months to get PVCs after registration and sometimes more than that.
“As a result, some people forget they have even registered while others cannot go through the stress of looking for their cards amidst so many.
“But if the cards are issued on registration or shortly after, we think it will address the problem,’’ the NCP chairman said.
Ibu-Owo urged INEC to make the on-going Continuous Voter Registration (CVR) less cumbersome as complaints of long queues to register were common.
On his part, the state Chairman of People’s Progressive Alliance, Mr Olumide Oguntoyinbo, appealed to residents to make efforts to collect their PVCs.
Oguntoyinbo said it was when they have their cards that they could partake in the process and choose their leaders.
» News - » Politics - INEC - Lagos - Lagos State - News - Political Party - Politics
The Resident Electoral Commissioner (REC) in Ekiti, Prof. Abdulganiyu Raji, on Thursday alleged a threat to his life by unknown persons.
The INEC boss, who spoke at a stakeholders forum held in Ado-Ekiti ahead of the July 14 governorship election in the state, said he had been receiving strange calls from people threatening him if he fails to succumb to their bidding.
He appealed to all security agencies in the state to come to the aid of the commission by providing security for INEC officials as well as the over 10,000 corp members to be deployed for the conduct of the election.
The INEC boss also said no fewer than 23 political parties had formally notified the commission of their primaries.
Meanwhile, the police have warned political parties and aspirants participating in the election against embarking on campaigns without first seeking clearance.
Outgoing Commissioner of Police, Abdulahi Chafe, said all parties and their aspirants must also obtain clearance before embarking on any procession.
He said this was without prejudice to the need for cooperation with other agencies.
According to him, other security agencies are also to enforce the laws guiding such rallies and processions, particularly those specified in sections 94, 95 and 96 of the Electoral Act 2010 which forbid certain conduct at political rallies, procession and campaigns.
He said the police and other security agencies have a duty to arrest erring persons and bring them to justice.
The police boss also announced that he would be retiring from service on May 5, adding that a new commissioner would be deployed to the state.
He further said the command was adequately prepared for the election and would ensure security of life and property.
Going in over the hard production from Mike Will Made It, Wiz delivers a smooth, 3-minute freestyle that finds him effortlessly flexin’ his lyrical muscles, while addressing his lifestyle, TGOD gang & of course the ganja green in the process. It’s safe to assume this is just some bars for the fans on this 4/20 holiday, but we do know Wiz is readying both his Rollings Papers 2 & Khalifa Kush albums, which he recently hinted were coming soon. In fact, Wiz just informed us he had the release date picked out, but he hasn’t said when that’ll be yet.
Following his “Hunnid Bands” video, check out the CDQ-version of Wiz’s “4/20” freestyle and let us know what you think. Show your support on iTunes.
I ain't worried about the mills cause i already got'em
Everytime i'm in the bank trying make an deposit
If I'm hoppin' on the plane, know I'm gon' make a profit
Got the keys to the game if I wanna unlock it
I'll be smokin' KK til' you think I am unconscious
I'm a real ass nigga know my style ain't polished
Yous a fake ass nigga know you can't come 'round us
Was round good weed back when our parents could ground us
It’s been a minute since we last heard from Quentin Miller. In fact, the last time we heard the ATL ghostwriter rapper was last year when he joined Dom Kennedy & Hit-Boy, together known as Half-A-Mill, on the song “In The Hills,” but thankfully that drought ends here today. After warning us a couple days ago, Quentin decides to return to the scene and share a new single with Chicago singer Jeremih called “Cyan.”
It’s unclear if this is the first taste of an upcoming project or just something for the fans, but we’re definitely here for a QM x Jeremih collab.
Available on iTunes, take a listen to the new single and let us know what you think. Look for Jeremih’s delayed MihTy project with Ty Dolla Sign to be on the way as well.
Blue & green, blue & green, blue & green
I'm in love, drunk in love, Jay & B
Pop the trunk, where ever it may be
» Music - » Entertainment - » News - Entertainment - Foreign News - Jeremih - Music - News - Quentin Miller
Killa Kyleon has been relatively quiet since he last hit us with the Lorraine Motel project back in August, but thankfully that’s going to change here now. On May 4th, the Houston native will release a new project called Candy Paint N Texas Plates, which will feature guest appearances from A$AP Ferg, A$AP Rocky, Young Dolph, DeLoreon, and more. But before that arrives, Killa decides to come through ahead of time and share a new song with A$AP Rocky & Bun B called “Doja Sweet,” which can be yours for free when you pre-order the album now on iTunes.
Sampling the classic Pimp C cut “Working The Wheel,” take a listen to the smooth new record and let us know what you think.
Sippin' that, sippin' that sizzup, that sizzup, yeah
Purple is the color
Gettin' higher than 'em cloud
I be that pretty motherfucka
Killa, Killa be my brother
Wait, hol up, did I stutter?
I'm young, I'm gettin' money
yeah I'm on my gutta gutta
Roll a blunt up with another, put it in rotation
Tell her I been getting high
I'm feelin' stingy, finna face it
You lower than a basement
I'm higher than the clouds
» Music - » Entertainment - » News - Bun B - Entertainment - Foreign News - Killa Kyleon - Music - News - Rocky
Damian Marley is coming off of an impressive body of work last year called Stoney, which earned him a Grammy win for Best Reggae Album back in January. One of the standout records from the project was the song “Medication,” featuring his older brother Stephen Marley.
But now with 4/20 upon us today, Damian decides to celebrate the stoner holiday by recruiting a couple more weed enthusiasts for the “Medication” remix, including T.G.O.D’s Wiz Khalifa & Ty Dolla Sign.
Suggest you roll one up, and enjoy the new reggae vibes from Wiz, Ty $ & the Marley brothers. While you’re at it, be sure to check out Wiz’s “4/20” freestyle if you haven’t done so already either. (Remix available on iTunes)
Medication - your medication makes me high
Just be patient - I'm like a patient trying to find
Levitation - Run your fingers down my spine
Elevation - your medication makes me high, yeah
» Entertainment - » News - Damian Marley - Entertainment - Foreign News - News - Ty Dolla - Wiz Khalifa
Adrien Broner has been involved in a beef with Tekashi 6ix9ine this week and, as each side takes turns bashing the other on social media, Broner's fight with Jessie Vargas nears. Whether or not he will be embroiled in a street brawl with Tekashi before that is yet to be seen as they are both in the same city but one person that appears to have Broner's support is 50 Cent.
Creating an interesting triangular dynamic, Fif was spotted with 6ix9ine last month, co-signing him as the King of New York. With his latest video, 50 is not taking sides in the 6ix9ine-Broner feud as he seems to fervently support both.
Yelling at the TV like any true middle-aged man watching sports, Fiddy chimed in while Adrien Broner addressed his upcoming fight. As Broner claims everybody is against him and throws around "bitch ass n---a" accusations, 50 yelled at AB that he is finally understanding things. Echoing Broner's "Shut that soft ass shit up" comment, the rapper and entertainer says he's betting his money on AB in the fight.
6ix9ine notably is betting a cool $300K against Adrien for the Saturday duel, with AB matching the bet by already preparing a check with Tekashi's name on it.
Captioning his post,
"AB got me hype right now, this gonna be a good fight this weekend," it's clear who 50's favorite is. Who do you think has the upper hand this Saturday? Will Jessie Vargas or Adrien Broner come out on top?
It's been an eventful week in hip hop. We've received confirmation of new music from Drake and J. Cole, Nicki Minaj is scheduled to close out the season finale of SNL as the musical guest and Kanye West has officially hopped back on Twitter.
In the midst of this, we've found Bhad Bhabie a.k.a Danielle Bregoli embroiled in the faux Cardi B vs. Nicki Minaj beef. After sparking debate after siding with Cardi over Nicki, she isn't allowing public opinion to get in the way of her musical taste.
Danielle Bregoli isn't letting the media spin her words without making things clear. She took to her Instagram story to speak on her comments about Nicki Minaj and Cardi B. She explained that she has love for both of them, but she's a bigger Cardi fan than Nicki.
"All I said was I like Cardi more. I'm allowed to say that I like someone more than another person. There's no problem with that at all." She said.
She later began to compare how people rock with some of these "shitty ass Soundcloud rappers" over the old school rappers and no one bugs out.
Aside from her recent comments, Bhad Bhabie's been also getting busy in these streets. The "Gucci Flip Flops" rapper had a confrontation with viral Instagram personality, Woah Vicky over the weekend which resulted in some jabs be thrown.
Peep the video below...
» Entertainment - » News - Bhad Bhabie - Cardi B - Entertainment - Foreign News - News - Nicki Minaj
Logic and his ex-wife, Jessica Andrea were once the cutest celebrity couple and they were literally the definition of couple goals, or atleast it seemed. The rapper always had his wife by his side any time he'd be at award shows or any other event.
Shortly after the release of his latest project, Bobby Tarantino 2, reports surfaced that he and Andrea were splitting up. Shortly after, the rapper confirmed it on Twitter. While they've stated that they will remain friends, Logic is making their divorce official.
Logic has filed for divorce from Jessica Andrea, TMZ reports. The rapper submitted the legal documents on Thursday in Los Angeles. The two of them were married for two years when the "1-800-273-8255" rapper was 25. While their doesn't seem to be a rift in their relationship, he did say that he was happier single than he was married. Regardless of their divorce, they still seem to have a mutual respect for each other.
Aside from his divorce, Logic's been pretty busy on other fronts. The rapper recently announced several non-music endeavors he's readying. Logic has written a new movie and he'll also be starring in it as well.
The movie is set to go into production later this year. In addition, he's also working on a scripted television show that he'll also be starring in. Overall, things are going well for Logic.
» News - Foreign News - Jessica Andrea - News
Yeezy Season is officially here. The rapper's been working on his follow up to 2016's The Life Of Pablo for a minute now and it looks like we'll finally be getting it in the near future. Kanye's been active on Twitter as of lately as well, dropping philosophical gems and keeping fans up to date on his creative process.
While we've been waiting to hear what Kanye's been up to, it looks like the wait will be worth it as he's revealed the release date for his forthcoming album
Kanye West took to Twitter to reveal that his next album will be dropping on June 1st and will only consist of seven songs. While it does seem short, it'll likely be a dense project.
In addition, he'll also be releasing his collaboration project with Kid Cudi only a week later on June 8th. As of now, that's all the information he's provided thusfar.
However, he's been seen in the studio with the likes of Travis Scott, King Louie and many more names in Wyoming so it's safe to say we'll atleast be seeing them in the credits.
Kanye West and Kid Cudi's collaboration project will be called, "Kids See Ghost." Between the two Kanye projects and Drake's album, June's going to be a great month for hip hop.
» News - Foreign News - Kanye West - Kid Cudi - News
President Muhammadu Buhari has said that many Nigerian youths just want to sit down and do nothing, banking on the notion that Nigerian is an oil-rich nation.
Speaking at the Commonwealth Business Forum in Westminster on Wednesday, the president said a lot of Nigerian youths have not been to school and they want everything free.
See Speech Below
“About the economy, we have a very young population, our population is estimated conservatively to be 180 million. This is a very conservative one,” Buhari said.
“More than 60 percent of the population is below 30, a lot of them haven’t been to school and they are claiming that Nigeria is an oil producing country, therefore, they should sit and do nothing, and get housing, healthcare, education free.”
The president said he has done well on the three cardinal points of his campaign, including economy and security.
“Recently, my minister for information was constrained to answer a question on people accusing this administration of doing nothing, he said ‘let Nigerians be reminded what position we were before May 2015, what condition we are now, and what we have achieved between then and now and I think people were impressed with the answer.
“For security, we have done quite well. Economy, we are doing very well, especially with agriculture; we are providing soft loans, and guarantee is that you have to belong to a certain locality and you have got land, you don’t have to go to the bank and need a physical collateral. I think a lot is being done.”
The president is expected to meet with business leaders and other heads of state as the Commonwealth Heads of Government Meeting progress through the week.
Arsene Wenger has announced in a shocking press statement that he will be quitting as Arsenal manager at the end of the season.
The Frenchman, 68, joined the Gunners in 1996 and won three Premier League titles and several other trophies, leading the club to an unbeaten league campaign in 2003/2004.
“After careful consideration and following discussions with the club, I feel it is the right time for me to step down at the end of the season,” Wenger said in the statement on Arsenal’s official website on Friday.
“I am grateful for having had the privilege to serve the club for so many memorable years.
“I managed the club with full commitment and integrity.
“I want to thank the staff, the players, the Directors and the fans who make this club so special.
“I urge our fans to stand behind the team to finish on a high.
“To all the Arsenal lovers take care of the values of the club.
“My love and support for ever.”
Majority owner Stan Kroenke said:
“This is one of the most difficult days we have ever had in all our years in sport. One of the main reasons we got involved with Arsenal was because of what Arsène has brought to the club on and off the pitch. His longevity and consistency over such a sustained period at the highest level of the game will never be matched.
“Arsène has unparalleled class and we will always be grateful to him. Everyone who loves Arsenal and everyone who loves football owes him a debt of gratitude. Three Premier League titles, including an entire season unbeaten, seven FA Cup triumphs and 20 successive years in the Champions League is an exceptional record. He has also transformed the identity of our club and of English football with his vision for how the game can be played.
“We have high ambitions to build on Arsène’s remarkable tenure and to honour his vision by ensuring that Arsenal competes for and wins the biggest and most important prizes in the game.
“We must now focus on making a strong finish to the season and ask our millions of fans around the world to join us in paying appropriate tribute to one of the greats of Arsenal’s history and one of the greats of the game.”
The club explained:
“Arsene will lead the team to the end of the season and we will make an appointment as soon as possible. The club will not be making any further comment on the selection process until an appointment is made.”