News
Nigeria ready to send astronauts into space, says minister
Minister of Innovation, Science and Technology, Uche Nnaji, has said Nigeria will soon go into space.
He spoke at the signing of a Memorandum of Understanding between National Space Research and Development Agency (NASRDA), Space Exploration and Research Agency (SERA), Delaware, United States, on human space flight.
Nnaji said: “I will like to welcome our friends from SERA. Your aspiration to democratise space exploration and exploitation for countries is noble.
“Human space flight has been a key objective for our nation. National Space Policy and Programme (NSPP), approved by Federal Executive Council in 2001 identifies human space flight as one of its three pillars.
“According to the 25-year roadmap approved in 2005 for implementation of NSPP, our first human space flight was scheduled for 2018. This means we are six years behind.
“In an effort to correct past delays and align with the Renewed Hope Agenda of President Bola Tinubu, we have revitalised Federal Ministry of Innovation, Science and Technology and its parastatals since I assumed office. The signing of this MoU is a testament to our efforts in the past months. As part of this mission, SERA has reserved six seats on an upcoming New Shepard launch. This initiative will see six individuals (from six countries, including Nigeria), potentially becoming the first astronauts from their countries.”
Director General of NASRDA, Dr. Matthew Adepoju, said: “We pride ourselves as the premier space agency in Africa. This is not a mere statement. When the agency was established on May 8, 1999, not many nations in Africa could dream of having a space programme. We are today the only space agency in Africa, whose activities cover the whole chain of the space eco-system. We have a strong footprint in outer space exploration and exploitation, and leading in remote sensing. Our activities in launch vehicle development can also not be matched by any country in Africa.”
Permanent Secretary of the ministry, Mrs. Esuabana Asanye, said: “I am delighted to be part of this history making event. I do not know how to say thank you, Ann Agi, the director of Learn Space Foundation. What we learned this morning was that they were in a conference where they needed six people to be in space, and she was able to make a case for Nigeria.”
SERA co-founders, Joshua Skurla and Sam Hutchison, said: “This is a milestone moment in development of our university. We have built a human spaceflight programme in partnership with Newport, to promote access to space, and we are building this by way of a programme in other countries that had previously no access to space.”
News
SEE Naira to Euro Exchange Rate Today – Black Market, CBN Rates | October 18, 2024
By Kayode Sanni-Arewa
Looking for the latest Naira to Euro exchange rate today? Whether you’re conducting business, making investments, or planning a trip to Europe, staying updated on the exchange rate is crucial. This article provides up-to-date information on the black market, Central Bank of Nigeria (CBN), and online exchange platforms to help you make informed decisions. What is 1 Euro to Naira Today in Black Market and CBN? With the fluctuating nature of the Naira against foreign currencies like the Euro, many Nigerians are keen to know the most recent rates. The Naira to Euro exchange rate in both the black market and CBN offers different values based on market dynamics and economic policies
Current Exchange Rates for 1 Euro to Naira Today Naira to Euro Black Market Exchange Rate (Parallel Market) Buying Rate: ₦1,862 Selling Rate: ₦1,865 1 Euro to Naira Today (CBN Official Rates) Buying Rate: ₦1,790 Selling Rate: ₦1,795 Other Exchange Rates Today: Dollar and Pounds to Naira Dollar to Naira (Black Market Rates) Buying Rate: ₦1,705 Selling Rate: ₦1,710 Pounds to Naira (CBN Rates) Buying Rate: ₦2,205 Selling Rate: ₦2,210 Online Platforms for Naira to Euro Exchange Rates: Geegpay and Grey In addition to the black market and CBN rates, online platforms like Geegpay and Grey offer convenient options for currency exchange. These platforms provide competitive rates and are popular alternatives to both black market and CBN channels.
Geegpay Exchange Rates EUR (€): Buying at ₦1,798.03, Selling at ₦1,800.55 GBP (£): Buying at ₦2,120, Selling at ₦2,127 USD ($): Buying at ₦1,675, Selling at ₦1,680 Grey Exchange Rates for EUR to NGN EUR (€): Buying at ₦1,845.03, Selling at ₦1,850 GBP (£): Buying at ₦2,102, Selling at ₦2,205 USD ($): Buying at ₦1,670, Selling at ₦1,675 Understanding the Naira to Euro Black Market Exchange Rate What is the Black Market? The black market is an unofficial exchange market where currency rates are determined by demand and supply without government regulation. It operates outside the control of the CBN, and often, exchange rates are higher here due to the scarcity of foreign currencies like the Euro.
Why Do People Use the Black Market for Naira to Euro Exchange? Better Rates: Black market rates are typically more favorable compared to the official CBN rates. Accessibility: It’s easier for individuals and businesses to access foreign currencies through the black market, as CBN restrictions often limit the amount of foreign currency available. FAQs on Naira to Euro Exchange Rate 1. Why is there a difference between the CBN and Black Market rates? The black market operates based on supply and demand, while the CBN controls the official rate to maintain currency stability. Due to currency scarcity, black market rates are often higher.
2. Can I exchange Euros at the CBN rate? In most cases, the CBN exchange rate is reserved for specific transactions like government-approved imports or remittances. Many individuals and businesses resort to black market rates for quick and accessible foreign exchange.
3. Why is the black market exchange rate higher? The black market rate is driven by the demand for foreign currency. As supply decreases, the value of the Euro against the Naira rises, causing higher parallel market rates. 4. Is it safe to use online exchange platforms like Geegpay and Grey? Yes, online platforms such as Geegpay and Grey offer secure and regulated options for exchanging currency. However, it’s important to use trusted and licensed platforms.
5. Will the Naira continue to fall against the Euro? The future of the Naira to Euro exchange rate depends on several factors, including government policies, global oil prices, and economic stability. Without intervention, depreciation could continue. 6. How often do exchange rates change? Exchange rates fluctuate daily due to various factors such as foreign currency reserves, local economic policies, and global market conditions.
Why It’s Important to Stay Updated on Naira to Euro Exchange Rates Understanding the Naira to Euro exchange rate today, whether from the black market, CBN, or online platforms, is essential for making informed decisions. Whether you’re exchanging currency for business, travel, or investment, knowing the current rates can help you plan your finances better.
Historical Trends in Naira to Euro Exchange Rates In October 2023, the black market rate for the Euro stood at around ₦1,500 per Euro. Over the past year, the Naira’s depreciation against the Euro has accelerated, reflecting the economic pressures Nigeria faces, including inflation and foreign currency shortages
Black market Dollar to Naira exchange rate today May 2, 2024: GBP, EUR to Naira Dollar to Naira Exchange Rate at Black Market (Aboki FX) July 13, 2024: USD to NGN CBN Rate 100 dollars to Naira black market today, April 4, 2024 Dollar To Naira 7th August 2024: See Black Market Aboki FX Rate Dollar to Naira Black Market Exchange Rate – October 5, 2024 Latest Update
News
Speaker Abbas Congratulated Ooni of Ife, Ogunwusi @50
News
I have been diagnose of mouth tumor and will undergo surgery soon – Comedian Jarvis
By Francesca Hangeior
Fast rising Nigerian comedienne Amadou Elizabeth Aminata, Popularly known as Jarvis has opened up on her recent health challenges after she was diagnosed with a tumor inside mouth.
Speaking in a viral video, Jarvis said that she is expected to undergo surgery in the coming weeks and the tumor has made it difficult for her to speak hence the reason why she took a break from her AI content.
She added that samples from the tumor has already been sent for histology and she is awaiting the diagnosis before she would undergo the surgery.
She said, “I was told that I have a tumor inside my mouth, which was very uncomfortable. I initially thought it was a toothache, but the doctor said it was a tumor in my jawline.
“The doctor recently took a sample from it to take for histology before they will know which type of tumor it is and book me for the main surgery. I am told that the results are already out, and I am praying it’s not something that will be very bad.”
-
Economy10 hours ago
How weak Naira is advantageous to Nigeria — CBN gov
-
News23 hours ago
Reps Pass For Second Reading Bill to create Ogoja state
-
News2 hours ago
Doctors should account for placenta after childbirth to avoid trouble – Experts
-
News2 hours ago
Gynaecologists fear reduction in antenatal attendance over fuel price hike
-
Politics10 hours ago
PDP Senate Caucus move to quench fire burning their party
-
News23 hours ago
Reps Seek Upward Review Of Budgetary Allocation For BPE
-
News22 hours ago
Operation Delta Sanity: Why Nigerians must support CNS Ogalla in fight against Oil thefts -Agbese
-
Politics10 hours ago
Tinubu moves around in the night to feel pulse of Nigerians-Kalu