MARY-KATE AND ASHLEY OLSEN STEP OUT IN COORDINATED BLACK LOOKS FOR NEW YORK STROLL. (PHOTO).

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Mary-Kate and Ashley Olsen step out in coordinated black looks for New York stroll Mary-Kate and Ashley Olsen made a rare joint appearance in New York City, stepping out together for a relaxed afternoon in matching, understated fashion. The 39-year-old twins were seen walking through Midtown Manhattan on April 30, dressed in coordinated black trench coats paired with wide-leg denim. They completed the look with sunglasses, scarves, and structured alligator handbags from their luxury label, The Row, before stopping for lunch during their outing. Long before becoming fashion insiders, the sisters built global recognition as child actors through projects like Full House, It Takes Two, and New York Minute. Over time, they stepped away from Hollywood and fully transitioned into fashion, officially launching The Row in 2005. Mary-Kate now serves as creative director of the brand, while Ashley oversees it as CEO. In earlier interviews, Ashley has described the label’s beginnings as a small ex...
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NAIRA DEPRECIATES TO N1, 500/$ AT PARALLEL MARKET. (PHOTO).

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Naira depreciates to N1,500/$ at parallel market

The Nigerian naira, on Wednesday, depreciated to N1,500 at the parallel section of the market.

The rate is a 3.45 percent decrease from the N1,450 per dollar recorded on Monday.

Currency traders in Lagos, also known as Bureau De Change operators (BDCs), quoted the buying rate of the greenback at N1,490 and the selling price at N1,500 — leaving a profit margin of N10.

At the official window, the local currency appreciated by 1.05 percent to N1,418/$ on Wednesday — from N1,433/$ on Tuesday.

According to FMDQ Exchange, a platform that oversees official foreign exchange (FX) trading in Nigeria, the naira traded as high as N1,510 and as low as N896.28 — with a daily turnover of $203.93 million.

Meanwhile, on February 1, 2024, the Central Bank of Nigeria (CBN), continued its foreign exchange market reforms by removing the limit on the FX rate quoted by international money transfer operators (IMTOs).

“For the avoidance of doubt, by this circular, the cap on allowable limit of -2.5% to +2.5% around the previous day’s closing rate of the Nigerian Foreign Exchange Market is hereby removed,” the apex bank said.

CBN instructed the money transfer operators to quote exchange rates based on the prevailing market rates at the FX market.

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