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Withdraw your divisive comments and apologise, Federal Govt tells Obasanjo

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The federal government has asked former President Olusegun Obasanjo to withdraw his recent divisive comments, imputing ethno-religious motive to Boko Haram, ISWAP, and as well apologise to Nigerians.

In a statement issued in Abuja on Tuesday, the Minister of Information and Culture, Alhaji Lai Mohammed, said, such “indiscreet, deeply offensive and patently divisive comments are far below the status of an elder statesman”.

”It is particularly tragic that a man who fought to keep Nigeria one is the same one seeking to exploit the country’s fault lines to divide it in the twilight of his life”.

The minister said Boko Haram and ISWAP are terrorist organisations pure and simple, adding that they care little about ethnicity or religion when perpetrating their senseless killings and destruction.

”Since the Boko Haram crisis, which has been simmering under the watch of Obasanjo, boiled over in 2009, the terrorist organisation has killed more Muslims than adherents of any other religion.

“The terrorist group blown up more mosques than any other houses of worship and is not known to have spared any victim on the basis of their ethnicity.

“It is therefore absurd to say that Boko Haram and its ISWAP variant have as their goal the ‘Fulanisation and Islamisation’ of Nigeria, West Africa or Africa,” he said.

The minister said President Muhammadu Buhari put to rest the mis-characterization of Boko Haram as an Islamic organisation when he said, in his inaugural speech in 2015, that ”Boko Haram is a mindless, godless group who are as far away from Islam as one can think of”.

He reiterated that Obasanjo’s comments were, therefore, “as insensitive and mischievous as they are as offensive and divisive in a multi-ethnic and multi-religious country like Nigeria”

“It is wondering whether there is no limit to how far the former President will go in throwing poisonous darts at his perceived political enemies.

The minister noted that Obasanjo’s prescriptions for ending the Boko Haram/ISWAP crisis, which include seeking assistance outside the shores of Nigeria, are coming several years late.

He said President Buhari had done that and more since assuming office, “hence, the phenomenal success he has recorded in tackling the terrorists”.

”Shortly after assuming office in 2015, President Buhari’s first trips outside the country were to rally the support of Nigeria’s neighbours – Benin, Cameroon, Chad and Niger – for the efforts to battle the terrorists.

“The President also rallied the support of the international community, starting with the G7, and then the US, France and the UN.

”That explains the massive degrading of Boko Haram, which has since lost its capacity to carry out the kind of spectacular attacks for which it became infamous, and the recovery of every inch of captured Nigerian territory from the terrorists,” he said.

He also noted that Obasanjo’s call for wide consultations with various groups as part of the efforts to tackle the Boko Haram crisis has been neutralised by his ill-advised comments which have served more to alienate a large number of Nigerians, who are offended by his tactless and distasteful postulation.

The Minister called on the former President, whom he said took bullets for Nigeria’s unity, not to allow personal animosity to override his love for a united Nigeria.

 

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Economy

Naira Makes More Recovery, Sells at N1,453/$1

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The Naira continued its appreciation at the official market on Thursday, March 21, 2024 to close at N1,453.28/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

This represents an appreciation of N39.33 when compared to the N1,492.61/$1 it closed on Wednesday, March 20, 2024.

The intraday high was N1,598/$1, while the intraday low was N1,300/$1, representing a wide spread of N298/$1.

Similarly, the Naira appreciated against the dollar at the parallel window to trade at N1,500/$1, this represents an appreciation of N20.00 as against the N1,520 /$1 it traded the previous day.

The Naira also appreciated slightly against the British Pound to trade at N2,000/£1 as against the previous trading day’s price of N2,020/£1 representing a gain of N20 for the local currency.

The Canadian dollar, however, closed flat against the naira to trade at N1,270/CA$1 same as the N1,270/CA$1 it traded the previous day representing a decline of N20 in the local currency.

The Naira gained N30 against the Euro to trade at N1,670/€1 as against the previous closing price of N1,700/€1.

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Economy

Naira Gains Against Dollar, Trades at N1,603/$1

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The Naira, Tuesday continued its recovery against the American dollar as it traded at N1,603.38/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has shown.

This represents a gain of N15.48 when compared to the N1,617.96/$1 it closed on, on Monday, March 11, 2024.

The intraday high was N1,637/$1, while the intraday low was N1,425.35/$1, representing a lean spread of N211.65/$1.

Meanwhile, the Naira gained N12 against the dollar at the parallel market as the local currency appreciated to N1,603/$1 as against the N1,615 /$1 it traded the previous day. As it stands, the naira is trading at the same rate at both official and parallel windows.

The Naira, however, slumped against the British Pound to trade at N2,050/£1 as against the previous trading day’s price of N2,030/£1 representing a loss of N20 for the local currency.

After about two weeks of closing flat against the Canadian dollar, the naira slumped massively to trade at N1,300/CA$1 on Tuesday, representing a decline of N150 when compared to the N1,150/CA$1 it traded the previous day.

The Naira lost N35 against the Euro to trade at N1,740/€1 as against the previous closing price of N1,705/€1 representing a loss of N35 for the local currency.

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Economy

Binance to Close Shop in Nigeria, Stops Transaction, Trading in Naira

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By Reuters – Binance will stop all transactions and trading in Nigeria’s local currency after March 8 amid a country-wide crackdown on crypto exchanges that have been blamed by authorities for feeding a black market for foreign exchange.

It will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether – a stablecoin whose value is pegged to the U.S. dollar.

Last week, Nigerian authorities detained two Binance senior executives on undisclosed charges as part of the crackdown.

They were still in custody, their local lawyer said before a parliamentary committee on Monday.

Source: Reuters

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