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CBN officially adopts flexible exchange rate, updates website

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The Central Bank of Nigeria (CBN) has officially added the NAFEX exchange rate on its website.

The update made on Tuesday morning shows Naira is currently priced at N410.25/$1 with NAFEX rate indicated.

This confirms Ripples Nigeria earlier report On May 14, that the apex bank has adopted the flexible exchange rate to help unify the different exchange rates in the country.

This also means that for official transactions, Nigeria will be adopting the NAFEX rates.

The NAFEX which is an acronym for the Nigerian Autonomous Foreign Exchange Rate Fixing Methodology was introduced by the current CBN management in 2017, and is the official rate for exporters, investors, and purchasers of forex and rates. It is largely market-driven.

Read also: Naira gains as CBN sells dollars to foreign investors at N411.5

There is also Small and Medium Enterprises Equity Investment scheme (SMEIS) window where forex is sold to importers, and the Bureau De Change (BDC) window where forex is sold to retailers.

The unofficial window is the parallel market which is also called the black market.

It is also believed that yhe CBN move is coming as a condition for International Monetary Fund loan (IMF) $3.4 billion loan approval

The International Monetary fund (IMF) had advised the Nigerian government to fast track the unification of the exchange rates to achieve desired economic growth.

Last month, while approving the sum of $3.4 billion as emergency financial support for Nigeria, Mitsuhiro Furusawa, the deputy managing director/acting chair of IMF, urged the country to expedite action towards a more unified and flexible exchange rate.

On Tuesday morning, at the NAFEX window naira was trading at N411.25/$1 the same rate it closed on Monday according to data from FMDQ securities.

While Data from Aboki fx shows Naira is currently at N486.41 at the Parallel market with BDC rate at N485/$1.

By David Ibemere…

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PSG VS MCI Live Score UEFA Champions League Dream11 Team Prediction Playing 11

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Another thrilling match has been scheduled in UEFA Champions League which will be played between Paris Saint-Germain Football Club and Manchester City. Yes, the fans will get to witness PSG VS MCI tonight as the match is all set to be played on September 29, 2021. Get ready to watch one of the most-anticipated matches of the league. Both sides are in form and are looking forward to taking on each other. Well, we are here with all the latest updates on this exciting match. Check everything related to the match such as Dream11 Prediction, Lineup and everything.

PSG VS MCI

PSG will go against Man City today in the Group A match. It is the 2nd match in the football league while there are 4 matches left to decide who will win the season’s title this year. In Group A, a total of 4 teams are participating that include Man City, PSG, Club Brugge, and RB Leipzig. The teams are securing the positions from 1st to 4th in the same sequence. Man City is currently topping the standing with a total of 3 points by their side while RB is at the bottom. The team has played 1 match so far that was against RB Leipzig.

PSG VS MCI Live

Match– PSG vs MCI
League– UEFA Champions League
Date– 29th Sept 2021
Time– 12:30 AM IST

Man City who faced Leipzig in their first match, scheduled on 16th Sept, defeated the opponent with an impressive scoreline of 6-3. The team didn’t give any chance to their rival team to dominate them and continued taking a lead of 3 goals. Now, they would aim to attain triumph against PSG as well. On another side, team PSG has taken the 2nd spot in the league. They also had played only match so far. Unlike Manchester, the team couldn’t register a win against their rival team as the match ended up getting tried. With that, they have only 1 point in their account.

PSG VS MCI PLAYING XI

PSG: Navas, Kimpembe, Hakimi, Marquinhos, Wijnaldum, Herrera, Draxler, Neymar, Icardi, Mbappe, Mendes,

Manchester City: Ederson, Dias, Walker, Laporte, Rodri, Cancelo, Bernardo Silva, Sterling, Jesus, Grealish, Mahrez

PSG’s first match was against Club Brugge. Both the teams scored 1 goal in the match that was scheduled for September 16. Since the teams scored the same number of goals, the match got drawn. Now, the teams will try to get another point in their account. Man City will definitely try to maintain their first spot in the standing while PSG will try to get one winning match to their side. Let’s see what happens tonight. Follow our site to know which team wins and which loses.

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Bubblepur Part 2 KOOKU Web Series Episode, Review, Star Cast, Actress Real Name, Age, Images

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Finally, here is the BubblePur Part 2 is all set to premiere on 29th September 2021. Previously the part 1 of this series has got an amazing response from the fans. Among the other available web series, people selected BubblePur Kooku web series to watch. It is a Kooku web series. Kooku is an OTT platform that offers the best ever exciting stories for adults. Here are the most important details related to this web series. The trailer has been released and you can watch it on YouTube.

bubble part 2

As we tell you already that the Trailer of this web series has been released on YouTube. It is premiered on September 26, 2021. Within few hours the trailer has got a huge response. Currently, it has a large number of views and likes also on the video.

Bubblepur Part 2 KOOKU Web Series

Talking about the plot of this story then we want to tell you that BubblePur Part 2 is all about the further preceding of the story of the web series. As you already watched part 1 of the series. You will see the next version of BubblePur Kooku Web Series. The complete story of this web series will come later. But we are suggesting you watch the series on your screen.

As we saw many times that star cast is one of the major reasons behind a blockbuster web series, movies and films. There is a different cast than the previous part. As per the info, the actor and actress name is available here. Asrani, Hemant Pande, Ananat Jog, Pradeep Kabra, Yuraj Pathak, Afreen Shaikh, Kalpana Saini, Kumar Chetan Raj, Neha Mondal, Bahnu Thakur, Puja Joshi, Karan Singh, Dinesh Kairar, Swapnil.

Bubblepur Part 2 Web Series Episode Review

The release date has been shared by the makers. You can watch this web series on Kooku App. Kooku is an OTT platform where the makers of this web series going to release Bubblepur Part 3. You can watch all the episodes online.

To enjoy the Bubblepur series on your screens you have to take a subscription to the app. You can take it by paying a nominal fee. For further related information about this upcoming release, you can bookmark the page in your browser.





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(KMPS) Chairman Rangajeewa Jayasinghe Passed Away!

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Suddenly, another shocking news has broken several hearts all around the nation. Yes, we are talking about the sudden demise of Kotikawatta Mulleriyawa Pradeshiya Sabha Chairman Rangajeewa Jayasinghe. He was widely famous for his post and the work he did for the nation. Recently, he was found infested with COVID-19 that make his health deteriorated.

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He was a well-known politician for created his wide empire on her own efforts and hard work. Now, he left everyone in a very deep feeling of sorrow that totally breaks many people all around the country.

WATCH: Arvind Akela Kallu Passed Away? Bhojpuri Singer Arvind Akela Kallu Car Accident CCTV Viral Video

Rangajeewa Jayasinghe Death

Just after the news of his sudden death arrived, several people from different places start paying tribute to the legendary politician. he was actually very famous for his outstanding work for the country and state.

Now, his family members and loved ones are going through a very tough time that totally breaking their hearts. We are also very upset after knowing this tragic loss as one can expect that he left everyone in deep sorrow so soon. We are truly sad to share Rangajeewa Jayasinghe Obituary with everyone.

Talking about his personal life, then he was married and happily living with his family. He has two children whom he loved a lot. Let us also tell you that he was 55 years of at the time of his death. The main cause of his death is COVID-19. He contracted with COVID-19 a few days back and when his health deteriorated then he was admitted to the hospital.

Chairman Rangajeewa Jayasinghe Passed Away

Even after getting very genuine treatment from some reputed and well-known doctors, he was not able to survive or overcome the disease. Rangajeewa Jayasinghe has succumbed to COVID-19. It was totally devastated for some people who loves him a lot.

Currently, his family are very upset and completely devastated. The moment when you lost someone whom you love a lot is worst than death. His family are suffering from a very deep feeling of grief and the time is very hard for everyone to pass. He was admitted to the Colombo National Hospital where he took his last breath.

This is actually very heart-wrenching and many people took to social media to express their feelings after knowing this saddening news. Rangajeewa Jayasinghe was passed away after succumbed to COVID-19 at the Colombo National Hospital. For more updates, stay connected with us.



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