Thursday 12 January 2017

BREAKING:Naira hits N495/dollar



                                     Image result for The Naira 
The Naira on Thursday depreciated further at the parallel market, ebbing close to the projection of speculators according to reports.
Reports are saying that the twilight of 2016, speculators forecasted that the Naira would exchange at N500 to a dollar.
The Nigerian currency lost N3 to trade at N495 to the dollar at the parallel market, from N492 posted on Wednesday, while the Pound Sterling and the Euro closed at N597 and N515 respectively.
At the official interbank window, the Naira closed at N305 to a dollar.
Trading at Bureau De Change (BDC) window saw the Naira close at N399 to a dollar, while the Pound Sterling and the Euro exchanged at N600 and N510, respectively.
Traders blamed acute forex scarcity for the spike in the exchange rate.

10 Palestinian homes demolished in Israeli city



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Israeli authorities demolished 10 homes belonging to Palestinian citizens of Israel in the city of Qalansawe in central Israel on Tuesday morning, prompting a defeated mayor to resign after Israeli authorities refused for decades to approve the city’s master plan.
Local sources told Ma’an the devastating demolition campaign sparked clashes between Israeli police and residents.
Mayor Abd al-Basit Mansour visited the area along with members of the municipal council and announced he would resign from his post, as Israeli bulldozers razed the homes to ground.
Mansour told reporters that, "We have been waiting for approval of a master plan for twenty years, but our request fell on deaf ears.”
“As head of the Qalansawe municipality, who doesn’t have the power to change anything, I decided to send my resignation to the Ministry of Interior.”
Dozens of locals crowded in the area in an attempt to prevent bulldozers from demolishing the structures, but Israeli police officers dispersed them.
One homeowner described the demolition as part of Israel’s policy of "oppression, injustice, and displacement."
Qalansawe resident Ashraf Abu Ali criticized leaders of Palestinian communities in Israel. "What have they done to prevent demolitions in the Arab communities?" he asked, asserting that Palestinian citizens of Israel would "remain under threat as long as master plans and allocating land for construction are dealt with so recklessly."
Another owner of one of the demolished houses, Hassuna Makhlouf, said he held Qalansawe’s mayor responsible, along with Israeli Prime Minister Benjamin Netanyahu.
He told Ma’an that Israeli police officers treated homeowners “violently” during the demolition raid.
Resident of the town Abd al-Rahim Odeh said large numbers of Israeli police officers and more than 20 bulldozers stormed Qalansawe "in an unprecedented act of barbarism.”
Local sources said Israeli police detained a young man from Qalansawe during clashes that broke out in the area.
Israeli police spokesperson Micky Rosenfeld confirmed to Ma'an that the demolitions took place “based on a court order,” amid heavy police presence in and around the area. However, he said that no detentions or clashes occurred, "as far as I know."
Commenting on the demolitions, Israeli Minister of Public Security Gilad Erdan said that the "complex campaign reflects equal law enforcement in Israel as it should be," according to Hebrew-language media reports.

Last month, Netanyahu reportedly held meetings, attended by Erdan, in which the prime minister instructed officials to “work to issue demolition orders for the illegal structures, located in Arab town in northern and southern Israel, as well as in eastern Jerusalem.”

“There will be no double standards regarding construction,” Israeli media quoted Netanyahu as saying. “There will be equal enforcement of the law in Israel for both Jews and Arabs.”

Earlier in December, Netanyahu commented on the Supreme Court-ordered demolition of the illegal Israeli outpost of Amona in the occupied West Bank by assuring the soon-to-be displaced settlers that he would commit to “enforcing laws” on “illegal construction” in Israel, referring primarily to Palestinian communities that are often forced to build without Israeli-issued building permits.

The Jerusalem municipality also vowed to demolish scores of Palestinian homes in occupied East Jerusalem as a result of the ruling to dismantle Amona.