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Presidential guard, two others arrested in Benin for ‘coup’ plot

Presidential guard, two others arrested in Benin for ‘coup’ plot

Benin prosecutors announced on Wednesday that three prominent figures, including the commander of the presidential guard, have been arrested on suspicion of planning a coup d’etat in the small West African nation. The two others accused of plotting the coup are a former sports minister and a businessman with close ties to President Patrice Talon. […]

Naira depreciates to N1,680/$ in parallel market

Naira depreciates to N1,680/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,680 per dollar in the parallel market from N1,655 per dollar on Tuesday. Similarly, the Naira depreciated to N1,667.42 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,667.42 per dollar from N1,658.48 […]