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Nigeria Implements Groundbreaking Policy to Sell Crude Oil in Naira

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In a bold move to strengthen the economy, Nigeria has begun selling crude oil and refined petroleum products in Naira. This policy, announced by Finance Minister Wale Edun, took effect on October 1 and aims to alleviate pressure on foreign exchange reserves, stabilize the Naira, and reduce inflation. With support from key stakeholders like the NNPC and Dangote Group, the shift is expected to boost local refining capabilities and reduce dependence on imported fuel.

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#NigeriaEconomy #CrudeOil #NairaPolicy #NNPC #EconomicGrowth #EnergySecurity

 

 

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Guyana Government Approves $123 Million For CARICOM Nations

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Guyana Government Approves $123 Million For CARICOM Nations - Diaspora Watch newspaper

In a move to strengthen regional stability and provide humanitarian support, Guyana’s National Assembly has approved $123 million (approximately $587,940 USD) for CARICOM nations, Diaspora Watch can report. This decision was made during the 89th Sitting of the National Assembly, where Minister of Foreign Affairs and International Cooperation, Hugh Todd, emphasized the government’s commitment to supporting its neighbors in need.

Diaspora Watch was told the funds will primarily support Haiti, which has been plagued by severe gang violence, resulting in over 2,500 people killed or wounded between January and March this year. Recall that the violence has led to a shortage of food, water, and other essential items, further exacerbating the humanitarian crisis. Minister Todd highlighted Guyana’s history of providing support to its Caribbean neighbors, citing the recent example of Hurricane Beryl, which devastated several Small Islands Developing States (SIDS) in the region.

Guyana provided contributions in kind to affected OECS countries, demonstrating its commitment to regional solidarity. The approval of these funds comes on the heels of a recent meeting between Heads of Government of Caribbean nations in Guyana, where they discussed the pressing issues of crime and gang violence in the region. The meeting highlighted the need for collective action to address these challenges, which have resulted in a 154% increase in regional security budgets between 2019 and 2024. In July, Guyana provided its first shipment of relief aid to Grenada, comprising vital items such as generators, water purification tablets, and hygiene products. This donation demonstrates Guyana’s commitment to providing tangible support to its neighbors in need.

Guyana Government Approves $123 Million For CARICOM Nations - Diaspora Watch newspaper

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Cybersecurity and Data Protection in Africa

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Map of Africa

Kimma Wreh (CIO, Excel Global Media Group Inc) provided keynote address on Cybersecurity and Data Protection in Africa at the Innovate Africa Conference 2024. The conference was held at George Washington University in Washington DC in September 2024.

To book Kimma, send email to exceltekay@gmail.com or call 832-483-4864.

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Olojo Festival: Honoring the Gods and Celebrating Yoruba Heritage

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Olojo Festival - Diaspora Watch -Vol. 23 (Nov. 4-10, 2024)

The Olojo Festival, an ancient and vibrant Yoruba festival, is a grand celebration held annually in Ile-Ife, Nigeria, to honor Ogun, the god of iron and war, and the rich heritage of the Yoruba people. This deeply spiritual festival brings thousands of people together, showcasing traditional customs, colorful attire, music, and rituals that highlight Yoruba history and mythology.

The highlight of the event is the appearance of the Ooni of Ife, who dons the sacred Are Crown, believed to hold immense spiritual power. Through processions, sacrifices, and community gatherings, the Olojo Festival strengthens cultural identity, unites people, and pays homage to the gods. As an enduring celebration of Yoruba pride, it captivates locals and visitors alike, reminding all of the deep cultural legacy of Ile-Ife.

Olojo Festival: Honoring the Gods and Celebrating Yoruba Heritage

Welcome to the highly anticipated 23rd volume of Diaspora Watch, your indispensable source connecting the vibrant African diaspora around the world! This edition is packed with captivating stories and in-depth analysis.

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