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Ruga: Ooni Of Ife, Wole Soyinka tell Nigerians to defend their ancestral lands

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The Ooni of Ife, Oba Adeyeye Ogunwusi, and Nobel laureate, Prof. Wole Soyinka, have jointly called on Nigerians to defend their ancestral home lands against the Federal Government proposed RUGA cattle settlements.

This was made known in a communiqué issued yesterday to highlight details of a meeting between the monarch and Novel Laureate at his (Soyinka’s) home in Idi-Aba, Abeokuta, Ogun State.

The meeting was centred on the state of the nation.

Oba Ogunwusi and Soyinka, in the communiqué, said their call on Nigerians to defend themselves became crucial as the Coalition of Northern Groups gave a 30-day ultimatum to the Federal Government to pass the Ruga project for Fulani herders despite being suspended after many Nigerians went against it.

The report read: “In this regard, the recent ultimatum delivered by a sectarian order to the President of this nation to set up the so-called Ruga cattle settlements across the entire nation within a stipulated time, despite the national outcry, should be acknowledged as an entitlement under the bounty of freedom of expression.

“In return, we exercise ours and call upon Nigerian nationals across state demarcations to defend the sanctity of their ancestral lands. This birthright has never been annulled, not even under colonial occupation.

“Among such issues of urgent import are the ongoing insurrectional movements that derive from religious fanaticism and intolerance, exemplified by Boko Haram and allied tendencies, as well as aspects of commercial enterprise.

“In which some groups consider themselves especially privileged, singular, and above the laws and entitlements that are binding on other sectors of commercial and industrial undertaking. We have in mind destructive forms of social transactions that characterise groups such as nomadic cattle herdsmen, and their umbrella groupings in the nature of Myetti Allah.

“We confess ourselves increasingly distressed and appalled, that the hitherto harmonious cohabitation, even routine collaboration, among the productive arms of society that Nigerians have taken for granted even from pre-colonial times, have deteriorated to unprecedented levels of barbarity, contempt for human lives and a defiant trampling on the civic entitlements of other productive sectors such as farmers, the providers of both food and cash crops.

“This abhorrent, yet consistent pattern of sectarian, and homicidal arrogance is obviously not merely counter-productive but inhuman, criminal and divisive.

“We consider it a primary imperative of national existence that the constitutive parts of the nation take steps to preserve and enhance their distinct cultural identities, including tested and relevant pre-colonial values, their spiritual apprehension of phenomena and worship, all without detriment to the principles and ideals of mutual co-existence.

“To this end, we undertake to create state-of-the-art ethnic museums for our people both at home and in the Diaspora, where present and future generations can access their histories and cultures vividly, as living expressions of their very humanity, not simply as relics of eras vanished forever or irrelevant to the present,” the communiqué added.

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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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