MORE THAN 100,000 CHILDREN HAVE BEEN DISPLACED BY THE LATEST ESCALATION IN EASTERN DEMOCRATIC REPUBLIC OF CONGO, UNICEF SAID ON SUNDAY, WARNING THE NUMBERS ARE EXPECTED TO RISE AS VIOLENCE SPREADS.(PHOTO).

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 More than 100,000 children have been displaced by the latest escalation in eastern Democratic Republic of Congo, UNICEF said on Sunday, warning the numbers are expected to rise as violence spreads. Since Dec. 1, intense fighting has uprooted more than 500,000 people, with children accounting for over 100,000 of those displaced in South Kivu alone, the UN agency said in a statement released Sunday. It said since Dec. 2, hundreds have been killed in the fighting, and children have been among the victims, with four students killed, six injured, and at least seven schools attacked or damaged. The rapid escalation has forced hundreds of thousands of children and families to flee within Congo and into neighboring Burundi and Rwanda, it added. Many people fleeing the violence have crossed into Burundi, with over 50,000 new arrivals reported between Dec. 6 and 11, nearly half of them children, UNICEF said, adding that the numbers are expected to rise as more displaced are identified. “Chi...
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NAIRA DEPRECIATES TO N1,520/$ IN PARALLEL MARKET. (PHOTO)

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 Naira depreciates to N1,520/$ in parallel market


The Naira yesterday depreciated to N1,520 per dollar in the parallel market, from N1,470 per dollar last week Friday.

Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,478.11 per dollar.


Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,478.11 per dollar from N1,466.31 per dollar last weekend, indicating N11.8 depreciation for the naira.


Consequently, the margin between the parallel market and NAFEM rates widened to N41.89 per dollar from N3.69 per dollar last weekend.

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