LEBRON JAMES SIGNS WITH PHILADELPHIA 76ERS.(PHOTO).

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 LeBron James signs with Philadelphia 76ers LeBron James has officially committed to the Philadelphia 76ers, signing a two‑year, $8 million contract that he announced on X. At 41 years old, James enters his 24th NBA season after parting ways with the Los Angeles Lakers earlier this summer.  His decision marks another chapter in a career that began as the No. 1 overall pick in the 2003 draft and has long fueled debates about his place among the greatest players in basketball history. James’s journey has been defined by bold moves and historic triumphs. After seven seasons in Cleveland, he joined the Miami Heat in 2010, sparking controversy but also launching a run of eight straight Finals appearances.  He captured back‑to‑back titles in 2012 and 2013 before returning to the Cavaliers, where he delivered the franchise’s first championship in 2016 by overcoming a 3‑1 deficit against the record‑setting Golden State Warriors.  Later, his move to Los Angeles in 2018 brough...
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NAIRA DEPRECIATION CONTINUES AS DOLLAR SUPPLY FALLS TO ALL-TIKE LOW AT DOREX MARKET. (PHOTO).

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 Naira depreciation continues as dollar supply falls to all-time low at forex market


Naira depreciation continued as US dollar transactions at the official foreign exchange market dropped to an all-time low of $84.38 million.


This is according to FMDQ data at the close of work on Thursday.


The day-to-day FX supply turnover dropped from $160.77 million on Tuesday to $84.38 million on Thursday.


Consequently, the Naira further dipped to N1459.73 per dollar on Thursday from N1416.57 on Wednesday.


This represents an N43.17 depreciation against the dollar at the official foreign exchange market.


Similarly, the Naira dropped to N1,450 per dollar on Thursday in the parallel market section, compared to N1,438 the previous day. This brings the gap between the official and parallel markets to N9.73.


Naira’s depreciation has been consistent for days now in the FX market.


The country’s forex instability has persisted despite the recent surge in foreign reserves by $262 million.

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