Business
CBN Sells $120m Foreign Exchange
The Central Bank of Nigeria (CBN) said it sold 120 million dollars of foreign exchange at the rate of N155.69 to the dollar on Monday.
The apex bank disclosed this on its Website on Monday after the bi-weekly transaction of the Wholesales Dutch Auction System (WDAS).
This represents an increase of 9.50 million dollars over the 110.50 million dollars sold at N155.65 to the dollar on April 25.
The sales also showed that the naira depreciated by 40k as it was sold as it was at N155.69 to the dollar on Monday.
The naira was traded at N155.65 to the dollars on April 25.
The CBN said that the number of banks that participated at the 32th WDAS were 19 against 11 banks that participated at the auction on April 25.
One of the traders said that they expected large flow of dollar during the week from oil companies.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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