SUPER EAGLES COACH ERIC CHELLE SIGNS WITH NEW SPORTS AGENCY TO REPRESENT HIM HENCEFORTH. (PHOTO).

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 Super eagles coach Eric Chelle has signed for a new sports agency to represent him henceforth.  Eric Chelle, head coach of Nigeria’s Super Eagles, has signed with a new sports agency to represent him going forward.  The move is expected to strengthen his professional management and strategic engagements within the global football space.
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NAIRA STRENGTHENS BY 7.43% TO N1750 AGAINST DOLLAR AT THE BLACK MARKET. (PHOTO).

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 Naira strengthens by 7.43% to N1750 against dollar at the black market 


The Naira witnessed a notable surge on Thursday, reaching a high of N1750 per dollar in the parallel market, commonly known as the black market.


This surge represents a substantial 7.43% increase, with the currency strengthening by N130.00 compared to the previous day’s closing rate of N1,880.


The surge coincides with Nigeria’s intensified efforts to counter the ongoing depreciation of the Naira.


In response to the currency’s decline, Nigeria has ramped up measures to stabilize its value. These efforts include cracking down on informal foreign currency street traders and targeting a popular cryptocurrency trading platform.


Throughout the week, the naira experienced a significant decline in value, hitting a low of N1,880 to the dollar on Thursday.  


This depreciation has widened the disparity between the unofficial market rate and the official rate of the naira, presenting challenges to the government’s goal of unifying the two rates. 


Despite the Central Bank of Nigeria’s implementation of various policies aimed at boosting the supply of foreign exchange (forex), these developments persist, underscoring the complexities of managing currency stability in the face of economic challenges.

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