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Osinbajo rubbishes claims of Buhari protecting killer herdsmen, Boko Haram members

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The Vice President, Prof. Yemi Osinbajo has rubbished the perception in some quarters that President Muhammadu Buhari was protecting killer herdsmen and Boko Haram members.

Osinbajo said the narrative that the “president was protecting killer herdsmen and Boko Haram members was a desperate ploy to promote ethnic and religious suspicion”.

He spoke at an event to mark the 80th birthday of former Governor of Ogun State, Chief Olusegun Osoba in Lagos, on Monday, NAN reports.

The Vice President said Boko Haram terrorists once made an attempt on the president’s life, and the incident, which occurred during one of his campaign visits, had betrayed the fact that the claims that he was protecting them were just to cause disunity.

He said the government was committed to the well-being of all Nigerians and urged citizens to unite against all evils, including religious extremism.

Osinbajo said that Boko Haram, Islamic State West Africa Province (ISWAP) and others were enemies of the nation, urging all citizens to join hands with the government to root them out.

”The likes of Boko Haram, ISIS, Islamic State West Africa Province and many Salafist-Jihadist ideologies are expansionist ideologies that feed purely on hate, hatred of any person or group that does not belong to their particular sect.

”They have no redressible grievances; so there are no terms of reference for peace. Fanatics committed to a twisted creed.

”They exploit the ignorance of the tenets of Islam, poverty and exclusion, recruit men and women and use children to perpetrate the most heinous atrocities.

“They are motivated by a satanic desire to control communities by murder and terror.

”Whether it is in Iraq, Borno or Syria their victims are men, women and children, Muslim or Christians so long as they do not share their sick ideology, they target churches, mosques, markets and motor parks where people gather, using children as human bombs to kill randomly, regardless of tribe or faith.

”The challenge for us is to recognize this extremism for what it is. To form alliances across faiths and ethnicities to destroy an evil that confronts us all,” he said.

According to him, herder and farmer conflicts, random killings, banditry and kidnapping in different parts of the country are extant challenges that the army has had to intervene in on several occasions.

”I want to reassure all Nigerians that these issues are being seriously tackled by the Federal Government, working with the States, through a multi-pronged approach. Nobody will be allowed to maim, kill or commit other crimes and escape.

”It is our duty to apprehend and punish these criminals and we are doing and will continue to do so,” Osinbajo said.

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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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