Naira depreciates to N765.13/$ in I&E window

The naira yesterday depreciated N765.13 per dollar in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window rose to N765.13 per dollar from N763.17 per dollar on Wednesday, indicating N1.96 depreciation for the naira. Similarly, the naira depreciated by N14 in the parallel market yesterday. Vanguard…

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Chelsea owners buys French Ligue 1 club, Strasbourg

The American owners of English Premier League giants Chelsea on Thursday sealed a deal to take control of French Ligue 1 outfit Strasbourg, the consortium announced. “This agreement marks a new chapter in the history of Strasbourg as the consortium is committed to accelerating sustainable investments in the growth of the club,” the BlueCo consortium…

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Millions arrive in Saudi for hajj amid heat

Enormous crowds of worshippers thronged Mecca, Islam’s holiest city, on Friday for the biggest hajj pilgrimage in years, with more than two million expected to brave the scorching Saudi Arabian heat. Pilgrims in white robes and sandals packed the ancient city, now dotted with luxury hotels and air-conditioned shopping malls, after flooding in on planes,…

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Republicans moves to impeach Biden

Republicans voted Thursday to kickstart the formalities that could lead to Joe Biden’s impeachment, as far-right lawmakers sought to seize the party’s agenda and escalate a bitter standoff with the US president. The Republican-controlled House of Representatives voted along party lines to refer a resolution that accuses the 80-year-old Democrat of “abuse of power” and…

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