Though some might argue that the value of the naira has overtime been a shame to the country, but what stings more is the longstanding narrative of our ever-dwindling naira.

 

Against the world currencies, the naira is down the pecking order, and when you consider that such is the currency belonging to a country that supposedly boasts of the largest economy in Africa, you are compelled to wonder what must have gone wrong to have engendered such narrative.

 

Currently, as against one dollar, the naira is pegged at N545 at the parallel market with expert predictions portending that it might degenerate further, thereby, putting industry owners and like stakeholders in a conundrum, which will further trickle down to the ordinary man on the street, trying to slug each day out, but finding out that his daily income can barely give him a good meal.

 

The implications of a weak currency to any economy is always telling, and this goes a long way to speak volumes to the recent statistics stipulating Nigeria as one of the poorest countries in the world, with its people barely living on $1 per day due to the inflation caused by the ailing naira.

 

The pressure the ailing naira impounds on our import-centric economy has continually skyrocketed the inflation rate in the country, gravely retarding every efforts at reviving the economy. As quite veritable, almost every sector has pointed accusing fingers at the exchange rate for the spike in prices of goods and services. Say, the aviation sector who despite the fact that the Federal Government had retracted the usual Value Added Tax (VAT) attached to fares, still have steep prices being charged for flights, and going by what the authorities have attributed it to, the exchange rate is the fall guy.

 

Zeroing in on the oil and gas sector, the exchange rate is also afflicting the sector with prices of imported petroleum products and raw materials expedient for production shooting up regularly. This explains why Nigerians buy fuel for N165 per litre.

 

No doubt, a long-lasting solution is needed to have this narrative changed, and to bring life to our emaciated economy. Count out the proposition of floating the naira as that has been expertly proven to be counter-productive for the long-term stability required.

 

It will also be recalled that parts of the efforts to have the exchange rate back to a positive trajectory, the CBN recently revoked the license of Bureau De Change (BDC) in performing its reputed foreign exchange sale in the country. According to the central bank, the BDC has defeated its purpose of being a provision portal of forex to retail users in the country, alleging that it has instead become a wholesale portal and even added illegalities and irregularities to its operation, underpinning that as its reasons for the suspension of the enterprise.

 

It will also be recalled that the CBN also averred to deal ruthlessly with any Nigerian banks who liaise henceforth with the BDCs for any transactions. It also stated that it will report to foreign organizations to severe ties with them.

 

 

While this might look like a cosmetic effort to get us out of the rot we are embroiled in, at least, the government are taking steps to redeem the exchange rate in the country, consequently reducing the ever-rising inflation strangling millions of Nigeria daily.

 

 

Constructively x-raying the chances and powers of the CBN, with our famished external reserves and a deficit balance payment gnawing at us gruesomely, the odds of CBN coming up with a miraculous turnaround are very tenuous. However, its proscription of the BDCs who has, from history, found the foreign exchange market in Nigeria a goldmine to exploit, further  worsen the foreign currency stakes in the country, becomes applauding despite its superficiality.

 

Beyond the proscription is the need for the CBN to take it upon itself to ensure that this proscription is as effective as it should be. There should be a routine, systematic and penetrative monitoring of banks in Nigeria to ensure that there is no breach of the new rule, and when eventually one gets flag, the needed sanction should be meted out to serve as deterrent to others who might be tempted to be yet another complicit.

 

The CBN must also avoid making the same mistake it made in 2016 that steeped the country into a nationwide economic fiasco by ensuring that this time around, it is all-clear on its exchange rate policy in order to win the confidence of foreign portfolio investors.

 

Overtime, awareness, information and communication on the part of the Central Bank as regards its foreign exchange market has been unproductively on a low-key leading to industry experts pinpointing it as one of the reasons a lot of foreign portfolio investors strayed from indulging in business with the apex bank. If the apex bank really means business this time around as regards bringing the naira to par with what the strong currencies of the world have to offer, then its communication and information unit must roll its sleeves up and knuckle down to work, bringing detailed, deliberate and enrapturing information to all and sundry.

 

It must also ensure that unlike times past, it amplifies its forex allocations to banks in order to have them cater to all genuine demands in the new foreign exchange system in the country. Banks need not start decrying allocations which could lead to low interest in the scheme before it does the needful in giving them enough allocations to see that they carry out this service efficiently.

 

Lastly, the need to scale back the banks’ forex processing requirements is of inevitability as this will go a long way to attract Nigerians into the official forex loop.

 

Need a little break to unwind with some fun brain teasers? Check out our ultimate list of the best riddles of all time.

 

They start off easy, and some are perfect riddles for kids. Others, however, are hard and may require you to be a math whiz. Many are plays on letters and words, so keep going if you’re undeterred. We even threw in some funny riddles to keep you going. Now, if you make it toward the end, you can try the rest, but beware: The hard riddles will put you to the test!

Easy Riddles

 

1. Riddle: What has to be broken before you can use it?

Answer: An egg

 

2. Riddle: I’m tall when I’m young, and I’m short when I’m old. What am I?

Answer: A candle

 

3. Riddle: What month of the year has 28 days?

Answer: All of them

 

4. Riddle: What is full of holes but still holds water?

Answer: A sponge

 

5. Riddle: What question can you never answer yes to?

Answer: Are you asleep yet?

 

6. Riddle: What is always in front of you but can’t be seen?

Answer: The future

 

7. Riddle: There’s a one-story house in which everything is yellow. Yellow walls, yellow doors, yellow furniture. What color are the stairs?

Answer: There aren’t any—it’s a one-story house.

 

8. Riddle. What can you break, even if you never pick it up or touch it?

Answer: A promise

 

9. Riddle: What goes up but never comes down?

Answer: Your age

 

10. Riddle: A man who was outside in the rain without an umbrella or hat didn’t get a single hair on his head wet. Why?

Answer: He was bald.

 

11. Riddle: What gets wet while drying?

Answer: A towel

 

12. Riddle: What can you keep after giving to someone?

Answer: Your word

 

13. Riddle: I shave every day, but my beard stays the same. What am I?

Answer: A barber

 

14. Riddle: You see a boat filled with people, yet there isn’t a single person on board. How is that possible?

Answer: All the people on the boat are married.

 

15. Riddle: You walk into a room that contains a match, a kerosene lamp, a candle and a fireplace. What would you light first?

Answer: The match

 

16. Riddle: A man dies of old age on his 25 birthday. How is this possible?

Answer: He was born on February 29.

 

17. Riddle: I have branches, but no fruit, trunk or leaves. What am I?

Answer: A bank

 

18. Riddle: What can’t talk but will reply when spoken to?

Answer: An echo

 

19. Riddle: The more of this there is, the less you see. What is it?

Answer: Darkness

Riddles for Kids

 

20. Riddle: David’s parents have three sons: Snap, Crackle, and what’s the name of the third son?

Answer: David

 

21. Riddle: I follow you all the time and copy your every move, but you can’t touch me or catch me. What am I?

Answer: Your shadow

 

22. Riddle: What has many keys but can’t open a single lock?

Answer: A piano

 

23. Riddle: What can you hold in your left hand but not in your right?

Answer: Your right elbow

 

24. Riddle: What is black when it’s clean and white when it’s dirty?

Answer: A chalkboard

 

25. Riddle: What gets bigger when more is taken away?

Answer: A hole

 

26. Riddle: I’m light as a feather, yet the strongest person can’t hold me for five minutes. What am I?

Answer: Your breath

 

27. Riddle: I’m found in socks, scarves and mittens; and often in the paws of playful kittens. What am I?

Answer: Yarn

 

28. Riddle: Where does today come before yesterday?

Answer: The dictionary

 

29. Riddle: What invention lets you look right through a wall?

Answer: A window

 

30. Riddle: If you’ve got me, you want to share me; if you share me, you haven’t kept me. What am I?

Answer: A secret

 

31. Riddle: What can’t be put in a saucepan?

Answer: It’s lid

 

32. Riddle: What goes up and down but doesn’t move?

Answer: A staircase

 

33. Riddle: If you’re running in a race and you pass the person in second place, what place are you in?

Answer: Second place

 

34. Riddle: It belongs to you, but other people use it more than you do. What is it?

Answer: Your name

 

RELATED: Trivia Questions for Kids

Funny Riddles

 

35. Riddle: What has lots of eyes, but can’t see?

Answer: A potato

 

36. Riddle: What has one eye, but can’t see?

Answer: A needle

 

37. Riddle: What has many needles, but doesn’t sew?

Answer: A Christmas tree

 

38. Riddle: What has hands, but can’t clap?

Answer: A clock

 

39. Riddle: What has legs, but doesn’t walk?

Answer: A table

 

40. Riddle: What has one head, one foot and four legs?

Answer: A bed

 

41. Riddle: What can you catch, but not throw?

Answer: A cold

 

42. Riddle: What kind of band never plays music?

Answer: A rubber band

 

43. Riddle: What has many teeth, but can’t bite?

Answer: A comb

 

44. Riddle: What is cut on a table, but is never eaten?

Answer: A deck of cards

 

45. Riddle: What has words, but never speaks?

Answer: A book

 

46. Riddle: What runs all around a backyard, yet never moves?

Answer: A fence 

 

47. Riddle: What can travel all around the world without leaving its corner?

Answer: A stamp

 

48. Riddle: What has a thumb and four fingers, but is not a hand?

Answer: A glove

 

49. Riddle: What has a head and a tail but no body?

Answer: A coin

 

50. Riddle: Where does one wall meet the other wall?

Answer: On the corner

 

51. Riddle: What building has the most stories?

Answer: The library 

 

52. Riddle: What tastes better than it smells?

Answer: Your tongue

 

53. Riddle: What has 13 hearts, but no other organs?

Answer: A deck of cards

 

54. Riddle: It stalks the countryside with ears that can’t hear. What is it?

Answer: Corn

 

55. Riddle: What kind of coat is best put on wet?

Answer: A coat of paint

 

56. Riddle: What has a bottom at the top?

Answer: Your legs

 

57. Riddle: What has four wheels and flies?

Answer: A garbage truck

 

RELATED: 101 Funny Quotes

Math Riddles

 

58. Riddle: I am an odd number. Take away a letter and I become even. What number am I?

Answer: Seven

 

59. Riddle: If two’s company, and three’s a crowd, what are four and five?

Answer: Nine

 

60. Riddle: What three numbers, none of which is zero, give the same result whether they’re added or multiplied?

Answer: One, two and three

 

61. Riddle: Mary has four daughters, and each of her daughters has a brother. How many children does Mary have?

Answer: Five—each daughter has the same brother.

 

62. Riddle: Which is heavier: a ton of bricks or a ton of feathers?

Answer: Neither—they both weigh a ton.

 

63. Riddle: Three doctors said that Bill was their brother. Bill says he has no brothers. How many brothers does Bill actually have?

Answer: None. He has three sisters.

 

64. Riddle: Two fathers and two sons are in a car, yet there are only three people in the car. How?

Answer: They are a grandfather, father and son.

 

65. Riddle: The day before yesterday I was 21, and next year I will be 24. When is my birthday?

Answer: December 31; today is January 1.

 

66. Riddle: A little girl goes to the store and buys one dozen eggs. As she is going home, all but three break. How many eggs are left unbroken?

Answer: Three

 

67. Riddle: A man describes his daughters, saying, “They are all blonde, but two; all brunette but two; and all redheaded but two.” How many daughters does he have?

Answer: Three: A blonde, a brunette and a redhead

 

68. Riddle: If there are three apples and you take away two, how many apples do you have?

Answer: You have two apples.

 

69. Riddle: A girl has as many brothers as sisters, but each brother has only half as many brothers as sisters. How many brothers and sisters are there in the family?

Answer: Four sisters and three brothers

 

Related: 101 Fun Facts

Word Riddles

 

70. Riddle: What five-letter word becomes shorter when you add two letters to it?

Answer: Short

 

71. Riddle: What begins with an “e” and only contains one letter?

Answer: An envelope

 

72. Riddle: A word I know, six letters it contains, remove one letter and 12 remains. What is it?

Answer: Dozens

 

73. Riddle: What would you find in the middle of Toronto?

Answer: The letter “o”

 

74. Riddle: You see me once in June, twice in November and not at all in May. What am I?

Answer: The letter “e”

 

75. Riddle: Two in a corner, one in a room, zero in a house, but one in a shelter. What is it?

Answer: The letter “r”

 

Related: Would You Rather Questions

 

76. Riddle: I am the beginning of everything, the end of everywhere. I’m the beginning of eternity, the end of time and space. What am I?

Answer: Also the letter “e”

 

77. Riddle: What 4-letter word can be written forward, backward or upside down, and can still be read from left to right?

Answer: NOON

 

78. Riddle: Forward I am heavy, but backward I am not. What am I?

Answer: The word “not”

 

79. Riddle: What is 3/7 chicken, 2/3 cat and 2/4 goat?

Answer: Chicago

 

80. Riddle: I am a word of letters three; add two and fewer there will be. What word am I?

Answer: Few

 

81. Riddle: What word of five letters has one left when two are removed?

Answer: Stone

 

82. Riddle: What is the end of everything?

Answer: The letter “g”

 

83. Riddle: What word is pronounced the same if you take away four of its five letters?

Answer: Queue

 

84. Riddle: I am a word that begins with the letter “i.” If you add the letter “a” to me, I become a new word with a different meaning, but that sounds exactly the same. What word am I?

Answer: Isle (add “a” to make “aisle”)

 

85. Riddle: What word in the English language does the following: The first two letters signify a male, the first three letters signify a female, the first four letters signify a great, while the entire world signifies a great woman. What is the word?

Answer: Heroine

 

Related: 101 Funny Puns

Really Hard Riddles

 

86. Riddle: What is so fragile that saying its name breaks it?

Answer: Silence.

 

87. Riddle: What can run but never walks, has a mouth but never talks, has a head but never weeps, has a bed but never sleeps?

Answer: A river

 

88. Riddle: Speaking of rivers, a man calls his dog from the opposite side of the river. The dog crosses the river without getting wet, and without using a bridge or boat. How?

Answer: The river was frozen.

 

89. Riddle: What can fill a room but takes up no space?

Answer: Light

 

90. Riddle: If you drop me I’m sure to crack, but give me a smile and I’ll always smile back. What am I?

Answer: A mirror

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91. Riddle: The more you take, the more you leave behind. What are they?

Answer: Footsteps

 

92. Riddle: I turn once, what is out will not get in. I turn again, what is in will not get out. What am I?

Answer: A key

 

93. Riddle: People make me, save me, change me, raise me. What am I?

Answer: Money

 

94. Riddle: What breaks yet never falls, and what falls yet never breaks?

Answer: Day, and night

 

95. Riddle: What goes through cities and fields, but never moves?

Answer: A road

 

96. Riddle: I am always hungry and will die if not fed, but whatever I touch will soon turn red. What am I?

Answer: Fire

 

97. Riddle: The person who makes it has no need of it; the person who buys it has no use for it. The person who uses it can neither see nor feel it. What is it?

Answer: A coffin

 

98. Riddle: A man looks at a painting in a museum and says, “Brothers and sisters I have none, but that man’s father is my father’s son.” Who is in the painting?

Answer: The man’s son

 

99. Riddle: With pointed fangs I sit and wait; with piercing force I crunch out fate; grabbing victims, proclaiming might; physically joining with a single bite. What am I?

Answer: A stapler

 

100. Riddle: I have lakes with no water, mountains with no stone and cities with no buildings. What am I?

Answer: A map

 

101. Riddle: What does man love more than life, hate more than death or mortal strife; that which contented men desire; the poor have, the rich require; the miser spends, the spendthrift saves, and all men carry to their graves?

Answer: Nothing

 

Story by Tina Donvito.

 

Want to keep testing your knowledge? Check out our Logic Puzzles and fun Online Games.

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Former president Jammeh ruled The Gambia for over two decades until he was elected out of office in 2016 and the country returned to democratic governance.

It seems like all we hear about these days is democracy, but is democracy really the solution to our ever growing problems? Is five years really enough to bring about meaningful development? It is time we stop trying to please outside observers and discuss among ourselves what is the best form of rule for The Gambia.

Good News As Federal Government Finally Speaks On School Resumption Date For Students Nationwide

Ini_Oluwa_News

7h

The federal government has finally spoken about school resumption for students nationwide. Every students before now have stayed at home for the past 6 months, since March. Meanwhile, the federal government has spoken with stakeholders and some ASUU cordinators over school reopening. All 36 states in Nigeria are taking every steps within their reach to make sure that schools are reopened in their state.

However, ASUU has made it hard for the federal government to decide on a specific date for school resumption due to the Covid 19 and the great threat it poses on students.

Still, there are several measures in which students can follow for schools to reopen. Note that the minister for education, Adamu Adamu made a move with other stakeholders to bring about a fixed date for school reoepning.

Unfortunately, all was to no avail. Students and parents have been clamoring for school reopening nationwide but it seems like the federal government isn't doing anything concerning it. Infact, there was a time students protested for schools to reopen and federal government should take drastical steps within its reach to reopen schools.

The good news is that the federal government declared publicly this month that schools nationwide should be ready for resumption. Some states have already declared school resumption date for students. This resumption date will make students in that state resume school on that particular day and month.

In recent advancements, states like Oyo state, Lagos state, Rivers state and Ogun state have announced resumption date. Which means if you are a student in those highlighted states, you are to resume this year.

Should all schools reopen amid the pandemic? What is your say on this.

Kindly share and like. Also comment on your own point of view.