AGULERI–UMUOBA ANAM CRISIS: BISHOP EKWE URGES CALM, DIALOGUE, PEACEFUL RESOLUTION. (PHOTO). #PRESS RELEASE

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 Aguleri–Umuoba Anam Crisis: Bishop Ekwe Urges Calm, Dialogue, Peaceful Resolution ‎ ‎By Nneka Ejeckam ‎ ‎The Bishop of the Diocese of Niger West, Anglican Communion, The Rt. Rev. Johnson N. Ekwe, has on October 2, called for calm and peaceful resolution following the reported crisis arising from a boundary dispute between Amaeze Aguleri and Umuoba Anam communities. ‎ ‎In a statement, Bishop Ekwe expressed sadness over the reported developments, including alleged casualties and destruction of property. He commiserated with affected families, prayed for the speedy recovery of the injured and offered prayers for those who suffered losses. ‎ ‎The Bishop appealed to residents of both communities to remain calm, exercise restraint and avoid any further acts of violence or reprisal. He called for an immediate cessation of hostilities, stressing that dialogue remained the most viable path to lasting peace. ‎ ‎He noted that Amaeze Aguleri and Umuoba Anam are bound not only by proximity but...
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NAIRA APPRECIATE SIGNIFICANTLY AMID CBN INTERVENTION. (PHOTO).

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 Naira appreciates significantly amid CBN intervention


The Naira closed the week positively, appreciating marginally against the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s sweeping policy interventions.


Data from FMDQ showed that the Naira appreciated N1,435.53 per US Dollar on Friday from N1461.90 on Thursday.


This represents a 1.8 per cent or 26.37 gain compared to N1461.90 recorded at the close of trading on Friday.


This is the second time the Naira has appreciated marginally in the week under review.


Similarly, the Naira recorded a gain at the parallel Market, which traded at 1,440 per US dollar on Friday from N1,470 the previous day.


In the last four days, CBN, under its Governor, Olayemi Cardoso, has released four policy reforms to wrestle down the free fall of Naira.


CBN also issued a guideline on Wednesday to curb foreign currency hoarding and speculation.


Also, during the week, the bank issued fresh guidelines for International Money Transfer Operators in Nigeria and removed the cap on the exchange rate quoted by IMTOs.


However, the most popular African nation’s currency, the Naira, hiked to N1,435.53 in the week under review from N891.90 per US dollar it traded seven days ago.

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