Midday
Naira appreciates at N493 to dollar in parallel market
The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks. The local currency, which opened at N502 per dollar, gained N17 to N485 during midday trading before closing at N493/$1, according to data on abokiFX.com, a website that collates parallel rates in Lagos. It also appreciated against the pound sterling to close at N710 and N600, gaining N3 and N6, respectively, on the street. At the importer and exporter (I&E) window, it appreciated 0.13 percent to close at N411.50 to the dollar. Last week, Godwin Emefiele, CBN governor, met with bank CEOs and agreed to increase the amount of foreign exchange allocated to banks to meet legitimate needs. Emefiele cautioned them to ensure that...
21 runners dead as extreme weather hits China ultramarathon
Twenty-one people were killed after hail, freezing rain and high winds hit runners taking part in a 100-kilometre (62-mile) cross-country mountain race in China, state media said Sunday. The extreme weather struck a high-altitude section of the race held in the scenic Yellow River Stone Forest near Baiyin city in northwestern Gansu province Saturday afternoon. Among the dead were elite Chinese long-distance runners, local media reported. Official news agency Xinhua confirmed the death toll had risen to 21, citing the local rescue command headquarters. State broadcaster CCTV also reported the final missing competitor had been found dead. Baiyin city mayor Zhang Xuchen said that at around midday Saturday a section of the rugged ultramarathon course — between kilometres 20 and 31 — was “sudde...
Coronavirus: Concern grows over potential superspreader event during US Capitol riot
Concerns are mounting about the health of lawmakers and other people in the Capitol last week, after the first member to test positive for the Coronavirus (COVID-19) since Wednesday’s chaos, said she believed she was exposed in a crowded hiding place with hundreds of other legislators. Rep. Bonnie Watson Coleman, D-N.J., tested positive on Monday while experiencing mild symptoms, and said in a statement that she believes she caught the virus from her fellow lawmakers while hunkering down as Capitol Police struggled for hours to contain a Trump-inspired mob attack on the Capitol. Lawmakers were trapped in a room near the Capitol with hundreds of others, in some cases for hours, where at least one person who later tested positive for the coronavirus was present. The Office of the Attending P...
