KRISTIN CHENOWETH CELEBRATES 58 YEARS SINCE HER ADOPTION WITH TRIBUTE TO HER PARENTS. (PHOTO).

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 Kristin Chenoweth celebrates 58 years since her adoption with tribute to her parents Kristin Chenoweth has marked the anniversary of the day she was adopted by Jerry and Junie Chenoweth, sharing a tribute to the parents who raised her. The Broadway star celebrated her "Gotcha Day" on Thursday, July 30, describing it as the day her parents brought her home 58 years ago and she became a member of the Chenoweth family. "Yesterday was my GOTCHA DAY 🩷☀️ (it’s not just for pets!!) The day my parents brought me home 58 years ago and I became a Chenoweth," she wrote on Instagram. Chenoweth shared several photos with her parents, including moments from throughout her career and a picture of them supporting her work. One image showed her standing beside her mother near a large photo of Chenoweth wearing a hot pink outfit, while another featured her parents wearing shirts supporting her Broadway Bootcamp programme in Oklahoma. She also shared a photo from her 2023 wedding to...
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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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