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RachaelB
Naira Bounces Back, Appreciates To N470/$ In Parallel Market -
~1.3 mins read
The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.The naira had earlier depreciated by N30 against the dollar, as the parallel market exchange rate rose sharply to N500 per dollar on Monday November 30th from N470 per dollar on Friday November 20th 2020.But the new rules introduced by the Central Bank of Nigeria on Monday November 30th, which allowed beneficiaries of diaspora remittances and foreign exchange transfers into domiciliary account, to collect the proceed in foreign currency cash, halted the dwindling fortunes of the naira.As result the naira gained N10 against the dollar yesterday (Tuesday December 1st) as the parallel market exchange rate dropped to N490 per dollar from N500 per dollar on Monday.This trend continued this morning, howbeit on a larger scale, as the parallel market exchange rate further dropped to N470 per dollar from N490 per dollar yesterday, translating to N20 appreciation for the dollar.Thus, the naira had reversed the N30 loss against the dollar since November 20th, 2020.The sharp appreciation of the naira according to Aminu Gwadabe, President Association of Bureaux De Change Operators of Nigeria (ABCON) shows the effectiveness of the new CBN rule receipt of diaspora remittances
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RachaelB
Rice Farmers Beheaded By Boko Haram In Borno
~0.8 mins read
#ZabarmariMassacre: Photos of the rice farmers slaughtered by Boko Haram in Borno (Graphic)

More than 43 farmers from Zabarmari, a farming community in Jere Local Government Area of Borno State were slaughtered by Boko Haram terrorists.

The incident happened on Saturday, November 28, at Koshebe village, in Mafa Local Government Area while the victims were working in a rice field.

One Mohammed Chiroma from Borno State, shared photos of the victims being recovered from the massacre scene. The photos shows that most of the farmers were beheaded.

The victims were buried on Sunday morning, November 29.
https://www.lindaikejisblog.com/2020/11/zabarmarimassacre-photos-of-the-rice-farmers-slaughtered-by-boko-haram-in-borno-graphic-2.html
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