TRIAL BEGINS OF CENTRAL AFRICAN EX-PRESIDENT BOZIZE OVER WAR CRIMES. (PHOTO).

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 Trial begins of Central African ex-president Bozize over war crimes A UN-backed court in the the Central African Republic will on Tuesday begin the trial in absentia of former president Francois Bozize, over crimes against humanity committed between 2009 and 2013. The alleged crimes committed by members of Bozize's security forces include murder, enforced disappearance, torture and rape. Bozize, 79, who seized power in a 2003 coup before being overthrown 10 years later by rebels, has been living in exile in Guinea-Bissau since March 2023. But three of his former senior military officers, Eugene Barret Ngaikosset, Vianney Semndiro and Firmin Junior Danboy, are all in pre-trial detention in the Central African Republic. Crimes against humanity The case will be heard by the Special Criminal Court (SCC), a hybrid jurisdiction located in the capital Bangui with Central African and foreign judges. In February 2024, the SCC issued an international arrest warrant for the former president ...
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NIGERIA'S EXCHANGE RATE WEAKENS TO N1,625.88/$1, WORST IN SIX MONTHS.(PHOTO).

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 Nigeria’s exchange rate weakens to N1,625.88/$1, worst in six months


The exchange rate between the naira and the dollar fell to a six-month low of N1,625.88/$1 on the official NAFEM market on Wednesday, August 4, 2024.


This marks the lowest exchange rate since March 8, 2024, when it was recorded at N1627.4/$1.


According to the FMDQ data for the NAFEM window, the naira’s depreciation on August 4 represents a 0.89% decline from the previous day’s rate of N1,611.34/$1.


The naira traded at a high of N1,640/$1 and a low of N1,400/$1, indicating significant volatility in the foreign exchange market.


The FX turnover for the day stood at $205.76 million, a marginal drop of 1.84% compared to the previous day’s $209.61 million.


The drop in exchange rates indicates a troubling trend for the Nigerian currency, which has been under continuous pressure.


This crash occurred amid a reported hike in petrol prices across the country, which may add to the plights of businesses and ordinary Nigerians, further worsening inflation.

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