Tuesday 28 February 2017

Naira gains more as CBN pumps in $180m

Naira gains more as CBN pumps in $180m
In less than one week, the naira has gained over N85 against the dollar – thanks to the increased liquidity in the foreign exchange market.
The currency exchanged for N430 to the greenback yesterday at the parallel market. It was N460 to the dollar at the weekend.
The Central Bank of Nigeria (CBN) yesterday released $100million into the wholesale forwards segment of the market and $80million into the banks specifically for the settlement of dollar demand for school fees, medicals and Personal Travel Allowance (PTA), among others.
CBN spokesman Isaac Okorafor, in a release, said that its commitment to providing enough forex for legitimate business remained unshaken, pointing out that it would do all that is required to ensure the steady supply of forex to the market.
Naira’s appreciation has raised hopes that the naira/dollar exchange rate may well be on a permanent journey to the N300 to the dollar predicted by some analysts in the past.
The apex bank last week rekindled the forex market by releasing $500million to be accessed through the Deposit Money Banks to fund school fees, Personal travel Allowance and medical bills.
The CBN had maintained that much of the dollar demand had been a bubble created by speculators and hoarders of the greenback, warning market players and keepers of dollars to make hay and sell their holdings to avoid heavy losses.
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An aged man took a 5years old man to an uncompleted building, see what happened to her


A 35-year-old man has defiled a five-year-old girl at the premises of the Breman Brakwa Presbyterian Junior School in Ghana which is currently under renovation and in an uncompleted state.



The suspect under the pretext of being a stranger, asked the victim to escort him to the school because he did not know there.

Upon reaching the school the suspect forcefully had s*x with the victim.

Narrating the incident to Nyankonton Mu Nsem on Rainbow Radio 87.5Fm, it was said that the suspect took to his heels and left the victim at the scene after his shameful act.

The victim later left the scene to the house and narrated her ordeal to the mother who also reported to the police.

The victim is currently on admission at the Breman Brakwa Hospital.
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South Africa attacks on Nigerians, others continue Share 0

South Africa attacks on Nigerians, others continue
MEMBERS OF ADVOCATE FOR PEOPLES’ RIGHTS AND JUSTICE ON PEACEFUL PROTEST OVER THE ONGOING XENOPHOBIC ATTACKS TO NIGERIANS IN SOUTH AFRICA IN ABUJA ON MONDAY
The attacks on Nigerians and other foreigners in South Africa have continued.
The Nigerian community in South Africa said yesterday that another shop belonging to a Nigerian was looted in the latest xenophobic attack at Jeppestown,Johannesburg.
The South African Police said no fewer than 100 people ransacked shops in Johannesburg overnight, in the latest wave of looting incidents in South African cities.
“We are following up on leads and we are expecting to make more arrests,” police spokesman Brig. Mathapelo Peters said.
She said she did not know the nationalities of the shopkeepers and police were waiting for owners to come forward, so that they could open cases of violence and damage to property.
Similar incidents have taken place in Pretoria this month, but police have been reluctant to characterised the attacks as being directed against foreigners.
Anti-immigrant violence has flared sporadically in South Africa against a background of near-record unemployment, with foreigners being accused of criminal activity and taking jobs from locals.
President, Nigeria Union, South Africa, Mr Ikechukwu Anyene,  told the News Agency of Nigeria (NAN) on telephone from Pretoria that the shop was looted on Sunday night.
“We have received information that there was an overnight attack on shops belonging to foreigners at Jeppestown, a business district in Johannesburg.
“A shop belonging to a Nigerian was affected.
“The goods in the shop were looted by the attackers. The Nigerian was not hurt during the attack.
“We also learnt that shops belonging to other foreigners were also looted,” he said.
Anyene said attempts made to loot another shop belonging to a Nigerian failed as the owner called the police.
He said the value of items lost in the affected shop had not been ascertained  while   the incident had  been reported to the Nigerian Mission and the South African  police.
“We have told Nigerians to adopt protective measures to save their businesses and homes.
“The union is in touch with the Nigerian Mission and our chapters in the nine provinces of South Africa are also on alert.
“They have been directed to sensitise our people on the situation in the country and  to  be  cautious in all their endeavours,” he said
Also, a Reuters witness said doors and windows were smashed in, and food and other items were strewn on the floor in stores believed to belong to immigrants in Jeppestown, an area in the central business district.
“We’ve been stuck inside here until the police came,” Abdul Ebrahim, a Somali shop owner, said after emerging from his store, where a number of his colleagues had barricaded themselves.
“No one told us what they were looking for,” he added when asked why the mob had attacked his shop.
At least one person was arrested.
The Federal Government last week urged the South African government to put in place measures to end the incessant xenophobic attacks on Nigerians.
In a statement yesterday, Senior Special Assistant to the President on Foreign Affairs and The Diaspora, Mrs Abike Dabiri-Erewa, slammed South Africa’s Home Affairs Minister Mr. Malusi Gigaba’s statement in the aftermath of the xenophobic attacks, which has brought reprisal on MTN, a South African business conglomerate that “such issues were better discussed at the diplomatic levels” when more than 100 Nigerian lives have been lost in South Africa.
The statement said: “It appears that Mr. Gigaba would rather dwell on and entertain himself with diplomatic niceties when the welfare of Nigerians resident in South Africa are at stake now more than any time in recent history. His response to the xenophobic attacks, which has now become a recurring decimal on Africans, most especially Nigerians living peacefully in their host country of South Africa is indeed unfortunate.
“While it’s no longer news that law-abiding Nigerians in that country have borne the major brunt of these attacks, the news by the Home Affairs Minister that his country is trying to get rid of criminals in his country at the time when indiscriminate mayhem and looting of law-abiding Nigerians is very suspicious, to say the least. Even if this unguarded statement must be taken in its face value, we wonder if wanton destruction and indiscriminate killing of their African brothers is the most sensible excuse to give. The minister should have been more guarded and introspective in his statements so as not to further fan the embers of xenophobia that may get out of control if care is not taken.
“Xenophobia is such a debilitating social disease, based mostly on ignorance, in which its carrier also suffers. I therefore suggest that the home affairs minister should engage in the mass education of the South African people about the debilitating effects of this disease with immediate effect.
“The days that the Nigerian government will fold its arms while its citizens are maltreated to the point that some of them have lost their lives for no just cause are long gone.”
Labour to Fed Govt: recall Nigeria’s envoy
THE Trade Union Congress of Nigeria (TUC) yesterday asked the Federal Government to recall Nigeria’s High Commissioner to South Africa in protest over the continued killing of Nigerians.
A statement by TUC President Bobboi Kaigama and General Secretary Musa-Lawal Ozigi, urged the government to “immediately begin a process of evacuating Nigerians resident” in that country following the silence of the South African government over the matter.
It said there was a grand conspiracy by the South African government and state security apparatus to mindlessly waste lives and take over properties of innocent and harmless fellow Africans.
The statement reads: “The TUC expresses serious concern over the ongoing xenophobic attacks against foreigners in South Africa and calls for the immediate recall of the country’s high commissioner to the country.
“From all indications, it appears there is a grand conspiracy by the government cum state security apparatus to continue to mindlessly waste lives and take over properties of innocent and harmless fellow Africans.
“First and foremost, their anger is misplaced and probably borne out of the inferiority complex suffered from years of oppression and apartheid. As a credible organisation, we condemn crimes in all its forms and support punishment for those found culpable.
“But in this case, no one has mentioned any case of crime; it is rather a case of a country, whose freedom we staked our lives, financed and spent other resources to fight for and today we get xenophobia as returns.
“How do we refer to this anti-Nigeria, nay Africa attitude on Nigeria? One wonders what these South Africans are turning to. Is it a case of ingratitude or lack of historical documentation by their leaders, of the unmatched leadership role Nigeria played in the 80s towards the dismantling of apartheid?
“It is on record that thousands of South African children were brought to Nigeria and distributed across all the unity schools in Nigeria and were fed and housed free, courtesy of Nigerian government and Nigerians.”
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Obasanjo says " God has been partial to him


Former President Olusegun Obasanjo, has declared that God has been “partial” to him.Obasanjo was speaking during a thanksgiving service tagged ‘Celebration of God’s grace at 80’, held at the Treasure House of God in Agbeloba, Abeokuta.

Obasanjo looking over his life and achievements, said it was possible only by the grace and mercy of God.
He spoke about how he escaped death while in prison during the regime of Late General Sani Abacha and eventually became an elected President.
He said: “Let me say most sincerely I thank all of you, and more importantly I thank Almighty God for this day and for what God has done in my life.
“I used to say and I mean it that God has been so partial to me by giving me so much favour that I do not deserve.
“My Lord spiritual, Kabiyesis, if you don’t know anything at all, you just go and locate the village where I was born. There should be no one born in that village by the parents, who are my parents, stark illiterate, no road to our village where I was born and you should hear his name beyond the next village. So God has done for me, much more than I deserve and I praise God for this.

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