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Nigeria to become world capital of open defecation – UNICEF

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United Nations Children’s Fund, UNICEF, has said that in less than two months, Nigeria would emerge the capital city of open defecation in the world with over 47 million still practising open defecation in the country.

This was made known by the UNICEF, Water, Sanitation and Hygiene, WASH, specialist, Mr Bioye Ogunjobi on Wednesday at a Media dialogue on sanitation in Makurdi, the Benue state capital.

Ogunjobi explained that India which at the moment held that position, would quit it for Nigeria in October when open defecation would be outlawed in that country.

He said, “By October 1, 2019, India which at present occupies that position will ban open defecation and Nigeria which currently occupies the second position will take over from India as the number one open defecation country.”

In her presentation, the Chief Scientific Officer, Federal Ministry of Water Resources, Mrs Yemi Akpa stated that the Federal government had approved the sum of N10billion to fight the menace across the country in 2019.

Speaking on the topic ‘Clean Nigeria: Use the Toilet Campaign – the Journey so far’ Mrs Akpa said it was expected that the federal government would release the said sum annually till the year 2025 when it was elected that the country would be free from the practice.

“This will sustain the campaign against the practice and for the campaign to be successful in Nigeria everyone must be involved.

“If India can take over 550 million people out of open defecation in four years, Nigeria can also take 47 million people out of it between now and 2025,” Mrs Akpa stated.

Speaking on behalf of the private sector, Mr Nicholas Igwe who spoke on the topic ‘the link between the rural sanitation and urban sanitation. What can the private sector do’? said the fight against open defection must take a multi-sectoral approach to succeed.

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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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