Celebrities
Nigeria’s forex market posts dollar trades at near record low
Nigeria’s interbank forex market traded $540,000 in early deals at 375 naira per dollar, near a record low exchange rate hit last November, Thomson Reuters data showed on Monday.
The local currency traded at a record low of 375.50 to the dollar last November on the official interbank market before it reversed losses.The interbank market traded a total of $3.77 million at multiple exchange rates on Monday, the data showed. It was quoted at 305.25 per dollar at 09:51 GMT.
Traders said banks were selling dollars bought from international money transfer agents to retail customers at 375. In February the central bank effectively devalued the naira for private individuals, offering to sell them the currency at around half the premium charged at the black market, in a bid to narrow the spread on the unofficial market.
The currency was quoted at 465 on the black market, 1.5 percent down from Friday’s close, as pressure was starting to pile up in that market segment despite a series of central bank intervention on the official market to boost liquidity.
On Monday, the central bank asked lenders to set up tellers for retail customers to buy and sell dollars in order to ensure access to hard currency. The regulator also asked banks to process demand for retail forex users within 48 hours.
Celebrities
Tyla praises Tems for opening door of global recognition for female artistes in Africa
Tyla, the South African singer, says Tems, the Nigerian songstress, paved the way for global recognition of female African artistes.
The music stars recently joined forces on ‘No.1’, a song off Tyla’s self titled album.
In a recent interview on Kiss Fresh FM, Tyla described Tems as an “amazing” singer who opened doors for African female artistes globally.
She also expressed gratitude for the opportunity to collaborate with her.
“Amazing. Tems is so talented. She is literally a force. I am so honoured to have worked with her. She has opened so many doors for us,” she said.
“We made such a beautiful song with such a beautiful message. It is a song for the girls and it is made by the girls.”
In 2023, Tyla revealed Tems inspires her as an African artiste.
In response, Tems graciously accepted the accolades, and expressed confidence that Tyla is similarly empowering young South African girls through her music.
“Man, it is an honour, I am very very, 100% sure that she’s inspiring many many many many South African babe, many girls around the world as well”, she said.
Both artistes have continued to enjoy fame globally for their talents.
Celebrities
Music producer Dr Roy calls out Mercy Chinwo over unpaid debt (Video)
A Nigerian music producer identified as Dr Roy in a video breaks into tears as he narrates his ordeal while working with gospel singer Mercy Chinwo.
The middle-aged Nigerian music producer tearfully calls out gospel singer Mercy Chinwo over unpaid debt.
Dr Roy made this call out while featuring as a guest on the audio-visual podcast “The Honest Bunch: hosted by media personality Nedu and co-podcasters.
According to Dr Roy, he used to work with gospel singer Mercy Chiwno till 5 am then wake up by 7 am everyday in a back to back manner.
Speaking further, Dr Roy asserts that he produced, Excess Love, Omekannaya, Regular, Receive it and more for Mercy Chinwo and she never paid him.
Dr Roy further breaks into tears while on the podcast as he stressed that he was working hard while with Mercy Chinwo thinking he would make millions to feed his family but she left her with nothing but unpaid debt.
He noted that there was a time he informed Mercy Chinwo that his father had a stroke and she should assist him but she responded by saying “Make I no worry, he would be fine.”
Celebrities
Uche Ogbodo claims Adanma Luke is not culpable for Junior Pope’s death
Uche Ogbodo has spoken up for Adanma Luke, the producer of the forthcoming movie that Junior Pope, the late actor, was supposed to feature in.
Pope died in a boat mishap on April 10 while being ferried across the Asaba end of the River Nigeria in Delta state.
It was stated that the actor, a father of three, was on his way to a movie set when he drowned.
He passed away alongside four other crew members in the boat accident.
Footage from the ride had showed him in the boat without a life jacket.
Pope’s demise spurred discussions about the general disregard for safety protocols on movie sets.
Adanma Luke, in the heat of public backlash, was suspended by the Association of Movie Producers (AMP).
In a series of posts via her Instagram story, Ogbodo condemned those who suggested she remain silent on the matter.
The actress described Luke as a “friend” and added that the producer is not culpable for the tragedy that befell the boat riders.
“Do not tell me not to support my friend who has always supported me!” Ogbodo wrote.
“I am a loyal friend! Show me through your love and I will follow you through hell if I have to! Adanma Luke is innocent.
“All the people saying it is the wrong time! I have one question for you.
“When is the right time? Huh? When she is already arrested and sentenced for what she knows nothing about?”
Earlier, Blessing Ebigieson, the AMP president, also defended Luke against accusations of negligence.
She claimed that the producer had provided life jackets for the crew but Pope refused to wear one, saying it was “dirty”.
Ebigieson added that Pope had the option to leave the set if he did not like the life jacket.
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