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Naira Appreciates as Dollar Inflows Improve, FX Gap Collapses By  Onyeaghala Emmanuel Obinna:  November 29, 2022 0 Nigerian Naira Naira Appreciates as Dollar Inflows Improve, FX Gap Collapses The Nigerian naira appreciates on Monday as healthy growth in foreign exchange (FX) inflows douse perennial demand pressure for foreign currencies pairs by importers and manufacturing concerns for eligible imports at the Investors and Exporters window. The battle to save the soul of the Nigerian naira has been ongoing, and the latest move to redesign some notes will stem the local currency from its persistent depreciation, according to foreign currency analysts. Weak local currency, coupled with a rising inflation rate has weakened purchasing power of the naira, affecting both corporate and individual finances. At the investors’ and exporters’ FX market, the Naira gained 0.37% against the US dollar, rising to N444.7 from N446.33. The parallel market rate, however, remained constant at N77...

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  2023: Why Enugu youths back Nnamai, Mbah, PDP – Edeh November 12, 2022 By Onyeaghala Emmanuel Obinna Ahead of 2023 general election, Nkanu Youth Renaissance, AYR have thrown their weight behind the former governor of Enugu State, Senator Chimaroke Nnamani who is the Peoples Democratic Party, PDP, Senatorial candidate of Enugu East district. The Director General, DG of AYR, Comrade jideofor Edeh, disclosed that Senator Nnamani’s emergency as the governor in 2003 was the beginning of better things in the state, adding that it brought the unprecedented development in infrastructure and manpower across the 17 Local Government Areas and 260 wards in the state. Edeh in a press statement, titled, “The Making of new Enugu State”, said that Nnamani’s quality representation at the National Assembly has made him to stand tall among others, as his empowerment, patriotism and good work continues unabated. Comrade Edeh also expressed the group’s unalloyed support to PDP governorship candidate,...