Naira hits N215 to dollar, N332 to pound at Bureau De Change

 The Naira on Friday depreciated by N5 to the dollar as it traded N215 at the Bureau De Change (BDCs) segment of the official market.

It also depreciated by N7 at the black market, selling at N217 to the dollar.

A dealer, who preferred anonymity, told the News Agency of Nigeria (NAN) in Lagos that the depreciation might be due to the closure of the Retail Dutch Auction System (RDAS) by the CBN.

It was closed by CBN on Feb. 18.

Warren Buffett’s Ten Secrets to Wealth and Life

Warren Buffett is the richest man in the world, yet his reputation for frugality, folksy wisdom, and straight talk make him seem like just a regular guy, like he might be the billionaire next door. He’s one of my heroes.
Several Buffett biographies have seen print over the years — The Making of an America Capitalist, The Good Guy of Wall Street, etc. — but at the end of September, author Alice Schroeder will publish a new one: The Snowball: Warren Buffet and the Business of Life.
In the most recent issue of Parade magazine (a Sunday newspaper supplement), Schroeder shares ten of Buffett’s “money-making secrets”, which she gleaned during hundreds of hours of interviews for her book. Though Parade has billed these as “10 ways to get rich”, I think they’re actually ten sensible ways to deal with life in general. Buffet advises:

1. Reinvest your profits. “Even a small sum can turn into great wealth,” Schroeder writes, if you’re disciplined to not touch your profits. Let the power of compound interest work for you.