MPC
Watch Ducks Feast to Make Beats In Experimental Project By Benn Jordan
Oftentimes the opportunity and inspiration to make music exists where you’d least expect it, from the shockwaves of a Tesla coil to a vacuous black hole billions of miles away. Meanwhile, Benn Jordan set out to determine whether ducks could make music. On the surface, it seems like a fowl proposal, but with an Arduino tethered up to three aluminum containers filled to the brim with duck feed, Jordan was willing to test his hypothesis. Despite the odd feeding arrangement this flock didn’t try to duck the opportunity to get their bread. Around a dozen ducks gathered around the food, digging in feverishly and triggering various drum and percussion loops as they gorged. Initially the output of the ducks’ feeding process was cacophonous, off-beat, and sure to ruffle some ...
CBN: Naira to fall further in January
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021. The report, titled, ‘December 2020 Business Expectations Survey Report’ added that there might also be a steady rise in interest rate from December till the next six months. The naira witnessed a sharp fall in recent weeks, reaching its lowest on November 30, 2020, when it exchanged for N500/$1. Since then, the dollar has been hovering between N460 and N470. As of Friday, however, one dollar exchanged for 465 in the parallel market. Also, the Nigerian economy had on November 21 slid into its second recession in five years when the economy shrank again in the third quarter. Th...
Central bank reschedules MPC meeting over holidays
The Central Bank of Nigeria (CBN) has rescheduled it’s Monetary Policy Committee (MPC) meeting from Monday and Tuesday May 25 and 26 to Thursday, May 28. The CBN Director, Corporate Communications Department, Mr. Isaac Okorafor, made this known in a statement in Abuja on Thursday. Okorafor explained that the rescheduling of the meeting was due to the declaration of May 25 and May 26 as public holidays by the Federal Government to commemorate the Eid-el Fitr. He said for the avoidance of doubt, CBN had put necessary machinery in place for the meeting to now hold for only one day on account of the ongoing COVID-19 national lockdown. He added that this step taken was also to align this meeting with the extant rules of the Presidential Task Force (PTF) on COVID-19 and advisories from other rel...
