A FLORIDA SEA TOW CAPTAIN SAVED A MAN FROM A BURNING SHIP ONLY TO BE SHOVED OVERBOARD AND HAVE HIS BOAT STOLEN.(PHOTO)

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 No good deed goes unpunished.  A Florida sea tow captain saved a man from a burning ship only to be shoved overboard and have his boat stolen. This shocking incident occurred near Marco Island on March 6th. On that date, a call went out regarding a burning boat. The captain of a sea tow boat heard the distress call and rushed to provide aid. He was able to quickly locate the burning boat and  discovered 40-year-old, Ryan Deiter, and his dog onboard the burning ship. Wasting no time, the captain of the sea tow boat was able to maneuver alongside the distressed boat and begin efforts to extricate Deiter and his dog from the doomed vessel.  Eventually, the sea tow captain was able to pull both Deiter and his dog onboard the tow boat. However, once Deiter was pulled to safety, he repaid a stranger's kindness with treachery.  Deiter shoved the captain from his own boat and fled the scene in the stolen boat, leaving the man who had just risked his own vessel and life...
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AIRLINES, OTHERS TO GET FOREX BACKLOG. (PHOTO).

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Airlines, others to get forex backlog

Foreign airlines and other business owners have been told to meet their banks to clear the foreign exchange (FX) forwards backlog.
A senior Central Bank of Nigeria (CBN) official confirmed the directive from the apex bank yesterday.
The official said the CBN will settle the remaining FX forwards backlog this week, added that 14 banks, including Stanbic IBTC, Keystone and Citi bank had their FX forwards contract settled last week.
The CBN official said the apex bank will not deal directly with any airline or other businesses except through their banks.
With the CBN steadily addressing the FX backlog, there are indications that a portion, if not the entirety, of the $10 billion, as mentioned by the finance minister, earmarked for offsetting these backlogs, may have already been received.
FX forwards involve the buying and selling of currencies at a prearranged price on a future date.
This allows a buyer and seller to enter into an agreement to exchange forex at a specified rate, different from the prevailing market rate on a future date, thereby providing a hedge against market volatility.
The official noted that the CBN will be settling the remaining FX forwards backlog this week.
The apex bank’s move is a positive development for the Nigerian economy, the FX market, the value of the naira, and the country’s gross external reserves.
It is also expected to improve Nigeria’s credit ratings from international rating agencies and boost foreign investor confidence in the CBN.
The FX backlog led to the downgrading of Nigeria’s status by rating companies in the business community.
One of the rating agencies – Morgan Stanley Capital International (MSCi) – spoke of plans to reclassify Nigeria’s indexes from frontier to ‘Standalone’ status by February 2024. It hinged the plan on the unsettled forex.

 

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