lindaikeji2012

Jan 18, 2016 at 04:36 o\clock

Nigerian banks allow foreign currency transfers as FX restrictions ease | Reuters

LAGOS Jan 17 Nigerian commercial banks toldcustomers on Sunday they would allow deposits of foreigncurrency to be transferred abroad from their accounts, just daysafter the central bank announced it was easing restrictions onforeign cash deposits.

Africa's biggest economy and top oil producer has been hithard by the drop in crude prices since it relies on oil salesfor about 95 percent of its foreign reserves.

The central bank last week announced that it would allowcommercial banks to accept cash deposits of foreign currency,reversing a restriction imposed last year when such depositswere banned to curb speculation.

Its policy shift came days after International Monetary Fundhead Christine Lagarde told Nigerian lawmakers that the IMF didnot support foreign exchange restrictions.

Stanbic IBTC and Guaranty Trust Bank (GT Bank)were among two commercial banks which sent emails and textmessages to customers informing them that transfers of foreigncash to accounts in other countries, which had also beenprohibited, were now acceptable.

"You can now transfer foreign currency cash deposits madeinto your GT Bank domiciliary account(s) via internet banking,Mobile App or at any of our branches nationwide, subject to adaily cumulative limit of $10,000," GT Bank said in an email.



The central bank's announcement also halted dollar sales tonon-bank foreign exchange operators, a move that leavesNigerians struggling to find dollars on the parallel market amidtight liquidity.

The naira NGN=D1 is pegged at around 198 to the dollar onthe official interbank market but slid to a record low of 305 onthe parallel market last week amid low FX reserves.

Central bank governor Godwin Emefiele said foreign reservesin January stood at around $28 billion compared with $37 billionin June 2014, making clear the impact of reduced oil revenues.

Members of parliament's upper house, the Senate, havesummoned Emefiele to explain the currency's plunge on Tuesday.

(Reporting by Julia Payne and Chijioke Ohuocha; Writing byAlexis Akwagyiram; Editing by Richard Balmforth)

href='http://www.reuters.com/article/nigeria-cenbank-idUSL8N1510K4' - http://www.reuters.com/article/nigeria-cenbank-idUSL8N1510K4 -

Jan 17, 2016 at 13:55 o\clock

Nigeria's President-elect vows to stop Boko Haram

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The new edition, which augments Hitler's original text with critical analysis, is the first new publication of the book in Germany since World War II. The state of Bavaria held the copyright to the book and prohibited publication, though the copyright expired on January 1 of this year. Adolf Hitler wrote "Mein Kampf", which is both an autobiography and a presentation of his political views, while he was a prisoner in Germany in the 1920s. (Photo by Johannes Simon/Getty Images)","imageAlt":"MUNICH, GERMANY - JANUARY 08: Copies of the new critical edition of Adolf Hitler's "Mein Kampf" are displayed prior to the book launch at the Institut fuer Zeitgeschichte (Institute for Contemporary History)on January 8, 2016 in Munich, Germany. The new edition, which augments Hitler's original text with critical analysis, is the first new publication of the book in Germany since World War II. 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href='http://www.cnn.com/videos/world/2015/04/01/intv-nigeria-elections-amanpour-muhammadu-buhari.cnn' - http://www.cnn.com/videos/world/2015/04/01/intv-nigeria-elections-amanpour-muhammadu-buhari.cnn -



Jan 17, 2016 at 09:18 o\clock

Bombings kill at least 37 in northeast Nigeria: officials | Reuters

MAIDUGURI/YOLA, Nigeria At least 37 people were killed and 107 wounded on Friday in two bomb attacks at mosques in Nigeria's restive northeast, where Boko Haram has been trying to carve out an Islamic state, officials and medics said.



No one claimed responsibility but the attacks bore the hallmarks of the militant group, which has killed thousands and displaced 2.1 million people in the remote northeast of Africa's most populous nation.

A bomb went off during Friday prayers at a packed mosque in a suburb of Yola, capital of Adamawa state, killing 27 people, Alhaji Saad Bello, state coordinator of the National Emergency Management Agency (NEMA), told Reuters.

"Ninety-six people are now receiving treatment in the two hospitals in Yola here," he said. "I cannot really say whether it was a suicide bomber or not."

Alhaji Abubakar Jimeta, a survivor, said the mosque had attracted many worshippers for Friday prayers because it had only been built recently. He said the bomb had gone off in a parking lot in front of the mosque.

Separately, a suicide bombing during dawn prayers at a mosque in Maiduguri, capital of Borno state, north of Yola, killed at least 10 people, a hospital source said. Another medic said 11 people had been wounded.

Borno is the birthplace of the Boko Haram insurgency and has been the focus of attacks by suspected members of the militant Islamist group that have killed around 1,000 people since President Muhammadu Buhari took office in May.

Since losing most of the territory it took over earlier this year to the Nigerian army, Boko Haram has reverted to hitting soft targets such as markets, bus stations and places of worship, as well as hit-and-run attacks on villages, mainly in Borno.

(Reporting by Lanre Ola, Emma Ande and Issac Linus; Writing by Ulf Laessing; Editing by Kevin Liffey)

href='http://www.reuters.com/article/us-nigeria-violence-idUSKCN0SH0RX20151023' - http://www.reuters.com/article/us-nigeria-violence-idUSKCN0SH0RX20151023 -