See current Naira value as against Dollar

TVC E. Naira recovers against the dollar in the parallel market  The naira has resumed its recovery against the dollar in the black market after suffering a setback.   There are strong indications that the efforts of the Central Bank of Nigeria (CBN) to stabilise the naira may have started yielding the expected results according to the Leadership. A CBN official last week noted that the deployment of a number measures by the bank may have turned the tide in the foreign exchange (FOREX) market and led to the severe punishment suffered by currency hoarders and speculators. The CBN had earlier insisted that speculators were behind the market bubble since the upper week which dealt negatively on the naira, sending it down to an all-time low of almost N400 to the dollar. The CBN governor, Godwin Emefiele, had accused speculators who connived with bureau de change operators to undermine the efforts of the bank of propping up...

Oprah Winfrey loses $24 Million in one day

TVC E. It was reported that Oprah Winfrey  has lost $24 million thanks to Weight Watchers. Last year,she bought a 10 percent stake in the weight loss company for $43.2 million, joined the company’s board of directors, became a spokes-model for the brand and began its diet plan.   According to Reuters,on Thursday, the company reported a 21 percent drop in fourth-quarter net revenue, which sent its shares down more than 27 percent in extended trading. As a result, Winfrey’s stake plunged by about $24 million..   She has still gained almost $75 million since she made her investment, the news wire added.   On the day Winfrey first invested in Weight Watchers, its shares doubled in value, while she made $70 million in just a day and also single-handedly generated $700 million in stock market value in two days, Forbes had reported.   In January, after she tweeted a video saying she lost 26 pounds on the diet...

Watch: Man strips naked as N150,000 disappears from account

TVC E.  The man claimed money was withdrawn from his account without his consent, and upset by this, the frustrated man stripped and threw himself on the floor yelling in Yoruba, “E Fun Mi lowo mi”, which means – “Give me my money”, He also revealed the amount that disappeared from his account is N150,000. It is unclear which branch of the multinational bank the scene occurred. This information was revealed by a Omowunmi a Facebook user. The turn out of event diverstated the young man that after a month and few days, he resorted into pulling off his clothes in the banking hall so his money can be given back to him. GT Bank is yet to address this. Watch the video: https://www.facebook.com/abe.oluwadare/videos/908629612590610/ ...

I won’t devalue Naira – Buhari

TVC NEWS: President Muhammadu Buhari  declared while he Speaking at a meeting with Nigerians living in Kenya that, he was yet to be convinced that Nigeria and its people will derive any tangible benefit from an official devaluation of the Naira and as such will not devalue the Nigerian naira. He maintained that while export-driven economies could benefit from devaluation of their currencies, devaluation will only result in further inflation and hardship for the poor and middle classes in Nigeria’s import-dependent economy. Likening devaluing the Naira to having it “killed”, President Buhari said that proponents of devaluation will have to work much harder to convince him that ordinary Nigerians will gain anything from it. The president added that he had no intention of bringing further hardship on the country especially to the poor. The president said, that the Bureaux de Change business had become a scam and a drain on the economy, so on...

We Won’t Provide Sureties For Metuh –Jalo PDP Leader

TVC NEWS : The national PDP Leader has said that it will not provide sureties for its National Publicity Secretary, Chief Oliseh Metuh. The party said Chief Oliseh Metu should look for those who would stand as sureties for him since he was being prosecuted for offences that has nothing to do with it the party.   The PDP national leader, Alhaji Abdullahi Jalo, has said, it would be wrong for anyone to be expecting the party to provide sureties for Metuh when the party did not benefit from the money he allegedly collected from the former National Security Adviser, Lt Col. Sabo Dasuki (retd.). Though Metuh said he actually collected the money, he said it was for a job he did for former President Goodluck Jonathan, facing charges for allegedly collecting N400m from Dasuki, an offence the Economic and Financial Crimes Commission described as money laundering. He is also being prosecuted by the...

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