CONVICTED WAR CRIMINAL LUBANGA ANNOUNCES NEW REBEL GROUP IN EAST CONGO.(PHOTO).

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 Convicted war criminal Lubanga announces new rebel group in east Congo A convicted war criminal based in Uganda has announced a new rebel movement intent on toppling the government in eastern Congo's Ituri province, creating another potential security threat in the war-scarred region, Reuters reported. The formation of the Convention for the Popular Revolution (CPR) by Thomas Lubanga, an Ituri native, comes as Congo's army faces an unprecedented advance by Rwandan-backed M23 rebels elsewhere in eastern Congo. The International Criminal Court secured its first conviction against Lubanga in 2012 on charges of recruiting child soldiers and sentenced him to 14 years in prison. He was released in 2020 and President Felix Tshisekedi appointed him to a task force to bring peace to Ituri. But in 2022 he was taken hostage for two months by a rebel group, which he blames on the government, and is now based in Uganda. In written responses to questions from Reuters, Lubanga said the CPR h...
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NAIRA DOWN TO N1,410/$ IN PARALLEL MARKET.(PHOTO).

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 Naira down to N1,410/$ in parallel market

The Naira yesterday depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. However, the Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,354.21 per dollar.


Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,354.21per dollar from N1,400.4 per dollar last week Friday, indicating N46.19 appreciation for the naira.


The market recorded an intraday high of N1,441 per dollar and an intraday low of N1,285 per dollar resulting in a margin of N156 per dollar. The volume of dollars traded (turnover) in the market declined by 58 percent to $84.83 million from $201.88 million traded the previous day.


Consequently, the margin between the parallel market and NAFEM rates widened to N55.79 per dollar from N5.4 per dollar last Friday.

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