Random Pagan Verse:
Order and discipline must be kept within the coven: the High Priestess or the High Priest should and may punish all faults. To this end, all in the Craft should receive their correction willingly. With the culprit kneeling, all in the Circle should be told of the offense, and the sentence will be pronounced.
Punishment might include the scourge or the recasting of the Circle, followed by something silly such as several kisses. The culprit must acknowledge the justice of the punishment by kissing the scourge upon receiving sentence, and afterward by thanking everyone for their loving correction.

Author Topic: Nigerian Naira again weakens against dollar at parallel market  (Read 132 times)

Offline newspostng (OP)

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Nigerian Naira again weakens against dollar at parallel market
« on: January 04, 2016, 11:35:26 PM »
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The Naira on Monday depreciated by 0.8 per cent to exchange at N265 to the dollar at the parallel market.

The News Agency of Nigeria (NAN) reports that the greenback lost N2 to the dollar from its weekend value of N263.

However, at the official interbank window, the Naira exchanged at N197 to the dollar.


Traders at the market were hopeful that the Naira would rebound in 2016 if the apex bank continued to enforce its policies at the foreign exchange market.

Besides, the price of crude oil at the international market hedged up to 38.9 dollars per barrel from about 35.7 dollars per barrel at the weekend.

Oil prices rose on Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran that some speculated could result in supply restrictions.

Saudi Arabia, the world?s biggest oil exporter, cut diplomatic ties with Iran on Sunday in response to the storming of its embassy in Tehran following Riyadh?s execution of a prominent Shi?ite cleric on Saturday.


 

 

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