Nigeria topped the list of Christians confirmed to have been killed for faith-related reasons around the world last year, according to an annual survey monitoring religious freedom, which says radical Islamists were the main persecutors of Christians, not only in the Middle East but increasingly in sub-Saharan Africa.
Open Doors, an international group supporting persecuted Christians worldwide, said on Wednesday Islamic militants posed the greatest threat to the faith in 18 of the 20 countries that its annual World Watch List says are toughest for Christians.
Rankings are based on the group’s analysis of violence against Christians and official or informal restrictions on rights to practice their faith, convert from other religions and enjoy the same civil liberties as other citizens.
Topping the list of Christians confirmed to have been killed for faith-related reasons were Nigeria at 2,484 and Central African Republic at 1,088, with Syria and Iraq – where Islamic State militants have driven hundreds of thousands of Christians from areas they control – at 271 and 60, respectively.
“Islamic extremism has two global centres of gravity. One in the Arab Middle East, but the other is in sub-Saharan Africa,” researcher Ron Boyd-MacMillan wrote in a report accompanying the survey.
“Even Christian majority states are experiencing unprecedented levels of exclusion, discrimination and even violence,” he wrote.
North Korea topped the list of countries most hostile to the world’s largest faith for the 13th consecutive year followed by Somalia, Iraq, Syria, Afghanistan, Sudan, Iran, Pakistan, Eritrea and Nigeria. Christianity has an estimated 2.2 billion followers compared with Islam at 1.6 billion.
The 4,344 Christians killed in the survey year to October 31 were more than double the 2,123 victims in 2013, it said.
Boyd-McMillan said rising persecution was less due to the major incidents of violence during the year than to what he called “increased cultural marginalization” making daily life ever more difficult for Christians.
These trends had also grown in countries with religious nationalist movements such as Hindu-majority India and Buddhist-majority Sri Lanka, he said. China registered the most attacks on churches, at 258.
On the positive side, the report said the Middle East’s splintered Christian groups “have drawn together in a remarkable new unity”, especially in Syria, and Muslim leaders opposed to Islamic State have shown more support for Christian minorities.
Reuters
Wednesday, January 7, 2015
Tuesday, January 6, 2015
The Naira drops as Central Bank controls choke trading
The naira weakened a second day and Nigerian stocks headed for biggest drop since 2010 as central bank measures to protect the currency of Africa’s largest crude producer from falling oil prices stifled trading.
There were nine trades in the naira between 9 a.m. and 12:30 p.m. in Lagos, compared with 122 in the same period four weeks ago, according to data compiled by Bloomberg from at least 39 local and international banks. The naira weakened 0.8 percent to 185 per dollar, extending losses over the past three months to 11 percent, the most of 24 African currencies tracked by Bloomberg.
The Abuja-based regulator last month told banks to clear foreign exchange positions daily, having previously allowed them net-open positions of 1 percent of shareholder funds. The move has made it difficult for non-Nigerian investors to exit their holdings, according to Samir Gadio, head of African strategy at Standard Chartered Plc.
“For those who remain in Nigeria, it’s become virtually impossible to get out,” he said by phone from London. “There’s a risk that these measures last as long as the central bank feels it doesn’t have the ability to control the exchange rate.”
Calls to the mobile phones of Ibrahim Mu’azu, a spokesman for the central bank, weren’t picked up and he didn’t immediately respond to e-mailed questions. The steps are short-term measures to stabilize the market, he said last month.
Naira Devaluation
Nigeria, which relies on oil for 70 percent of its budget and over 90 percent of exports, has been battered by Brent crude prices more than halving since June to under $52 a barrel. The central bank raised interest rates to a record 13 percent and devalued its target exchange rate for the naira to 5 percent either side of 168 per dollar in November. Finance Minister Ngozi Okonjo-Iweala proposed cutting this year’s budget by 8 percent.
The Nigerian Stock Exchange All Share Index (NGSEINDX) plunged 4.2 percent, the most on a closing basis since March 2010, to 32,533.21. Volumes amounted to 66 percent of the three-month daily average. Nigerian Breweries Plc fell 9.6 percent for the biggest one-day fall since December 2004. United Bank for Africa Plc, the country’s third biggest bank by assets, slipped 7.4 percent to the lowest level since Dec. 22.
Bloomberg
There were nine trades in the naira between 9 a.m. and 12:30 p.m. in Lagos, compared with 122 in the same period four weeks ago, according to data compiled by Bloomberg from at least 39 local and international banks. The naira weakened 0.8 percent to 185 per dollar, extending losses over the past three months to 11 percent, the most of 24 African currencies tracked by Bloomberg.
The Abuja-based regulator last month told banks to clear foreign exchange positions daily, having previously allowed them net-open positions of 1 percent of shareholder funds. The move has made it difficult for non-Nigerian investors to exit their holdings, according to Samir Gadio, head of African strategy at Standard Chartered Plc.
“For those who remain in Nigeria, it’s become virtually impossible to get out,” he said by phone from London. “There’s a risk that these measures last as long as the central bank feels it doesn’t have the ability to control the exchange rate.”
Calls to the mobile phones of Ibrahim Mu’azu, a spokesman for the central bank, weren’t picked up and he didn’t immediately respond to e-mailed questions. The steps are short-term measures to stabilize the market, he said last month.
Naira Devaluation
Nigeria, which relies on oil for 70 percent of its budget and over 90 percent of exports, has been battered by Brent crude prices more than halving since June to under $52 a barrel. The central bank raised interest rates to a record 13 percent and devalued its target exchange rate for the naira to 5 percent either side of 168 per dollar in November. Finance Minister Ngozi Okonjo-Iweala proposed cutting this year’s budget by 8 percent.
The Nigerian Stock Exchange All Share Index (NGSEINDX) plunged 4.2 percent, the most on a closing basis since March 2010, to 32,533.21. Volumes amounted to 66 percent of the three-month daily average. Nigerian Breweries Plc fell 9.6 percent for the biggest one-day fall since December 2004. United Bank for Africa Plc, the country’s third biggest bank by assets, slipped 7.4 percent to the lowest level since Dec. 22.
Bloomberg
Shell to pay 55 million pounds for oil spills in Nigeria
The mud stinks and the crabs caught in the swamps around the town of Bodo in the Niger delta still smell of light crude oil.
But the 15,600 Ogoni farmers and fishermen whose lives were devastated by two large Shell oil spills in 2008 and 2009 will be celebrating on Wednesday as the company’s Nigerian subsidiary announces a £55m settlement.
British banks will start to transfer 600,000 naira (about £2,100) into each of the local people’s accounts and the community will be given millions to build health clinics and refurbish its schools.
The settlement, split £35m for individuals and £20m for the Bodo community, avoids Shell having to defend a potentially embarrassing London high court case which was due to start shortly. It is thought to be the largest payout to any African community following environmental damage and the first time that compensation for an oil spill has been paid directly to affected individuals rather than to local chiefs.
“It’s several years’ earning. I don’t think I have ever seen a happier bunch of people. The minimum wage in Nigeria is 18,000 naira a month and 70% of the Bodo population live below the poverty line. Every single one of the 15,600 has said yes to the deal,” said London lawyer Martyn Day whose team of 20 has just returned from the delta after negotiating the settlement and helping to set up thousands of bank accounts for Ogoni people who did not have one.
Shell’s first offer to the Bodo community in 2011 is understood to have been £4,000. This was raised to £18m in 2013 but was also rejected. According to Shell, the villagers had demanded £300m for the damage done.
In a seperate development, the company’s Nigerian subsidiary Shell Petroleum Development Company of Nigeria (SPDC) said it expected to start to clean up its pollution in the Bodo fishing grounds and swamps “within months”. Shell had initially estimated that around 4,000 barrels of oil were spilt in the two events, but oil experts calculated from film footage that it could have been 60 times as much. According to Amnesty International, Shell had intentionally underestimated the spills in an attempt to minimise compensation payments. This was denied by Shell.
The company welcomed resolution of the case but blamed oil thieves for most of the many spills that occur every year in the delta.
“From the outset, we’ve accepted responsibility for the two deeply regrettable operational spills in Bodo. We’ve always wanted to compensate the community fairly and we are pleased to have reached agreement,” said Mutiu Sunmonu, Managing Director of SPDC. “However, unless real action is taken to end the scourge of oil theft and illegal refining, which remains the main cause of environmental pollution and is the real tragedy of the Niger Delta, areas that are cleaned up will simply become re-impacted through these illegal activities,” he said.
But Amnesty International accused Shell of trying to evade its responsibilities and said thousands of other people living near its old pipelines were at risk from spills.
Audrey Gaughran, the charity’s director of global issues, said: “Oil pollution in the Niger Delta is one of the biggest corporate scandals of our time. Shell needs to provide proper compensation, clear up the mess and make the pipelines safer, rather than fighting a slick PR campaign to dodge all responsibility.”
Styvn Obodoekwe, a spokesman for the Nigerian centre for environment, human rights and development said: “Oil giant Shell’s long-overdue compensation payout to a community devastated by oil spills is an important victory for the victims of corporate negligence.”
Legal firm Leigh Day, who represented the Bodo community, warned that the pay-out could now lead to other Nigerian oil spill cases being heard in the London courts rather than in Nigeria.
“This will open the door. We have four or five other cases which we have been asked to look at. We and others will look to bring other cases. We are pleased that Shell has done the decent thing but it is deeply disappointing that it took them six years to take this case seriously and to recognise the true extent of the damage caused to the environment and to those who rely on it for their livelihood,” said Day.
Chief Sylvester Kogbara, chairman of the Bodo Council of Chiefs and Elders said: “The community can start to live again. For the last few years people here have had no income at all. It has been very painful. We cannot start fishing again but we start business and begin to trade. There is some optimism again.
“For now, the Bodo community is very happy that this case has been finally laid to rest. The hope is that this will forge a good relationship with Shell for the future, not only with the Bodo people but with all the Niger Delta communities that have been impacted in the same way as us,” said Kogbara. “We hope that Shell will take their host communities seriously now... and clean-up the whole of Ogoniland.”
Shell and other oil companies were slated by the UN Environment programme, Amnesty International and the Nigerian government for their lack of action in cleaning up dozens of major spills in Ogoniland. The 400sq mile coastal region which, under the leadership of Nigerian writer Ken Saro-Wiwa, rose peacefully against the company in the 1990s in protest against spillages, is one one of the least developed regions in Nigeria.
The Guardian
Related stories: Shell on the verge of selling Nigeria oil fields for $5bn
Nigeria cuts oil price benchmark due to falling global oil prices
But the 15,600 Ogoni farmers and fishermen whose lives were devastated by two large Shell oil spills in 2008 and 2009 will be celebrating on Wednesday as the company’s Nigerian subsidiary announces a £55m settlement.
British banks will start to transfer 600,000 naira (about £2,100) into each of the local people’s accounts and the community will be given millions to build health clinics and refurbish its schools.
The settlement, split £35m for individuals and £20m for the Bodo community, avoids Shell having to defend a potentially embarrassing London high court case which was due to start shortly. It is thought to be the largest payout to any African community following environmental damage and the first time that compensation for an oil spill has been paid directly to affected individuals rather than to local chiefs.
“It’s several years’ earning. I don’t think I have ever seen a happier bunch of people. The minimum wage in Nigeria is 18,000 naira a month and 70% of the Bodo population live below the poverty line. Every single one of the 15,600 has said yes to the deal,” said London lawyer Martyn Day whose team of 20 has just returned from the delta after negotiating the settlement and helping to set up thousands of bank accounts for Ogoni people who did not have one.
Shell’s first offer to the Bodo community in 2011 is understood to have been £4,000. This was raised to £18m in 2013 but was also rejected. According to Shell, the villagers had demanded £300m for the damage done.
In a seperate development, the company’s Nigerian subsidiary Shell Petroleum Development Company of Nigeria (SPDC) said it expected to start to clean up its pollution in the Bodo fishing grounds and swamps “within months”. Shell had initially estimated that around 4,000 barrels of oil were spilt in the two events, but oil experts calculated from film footage that it could have been 60 times as much. According to Amnesty International, Shell had intentionally underestimated the spills in an attempt to minimise compensation payments. This was denied by Shell.
The company welcomed resolution of the case but blamed oil thieves for most of the many spills that occur every year in the delta.
“From the outset, we’ve accepted responsibility for the two deeply regrettable operational spills in Bodo. We’ve always wanted to compensate the community fairly and we are pleased to have reached agreement,” said Mutiu Sunmonu, Managing Director of SPDC. “However, unless real action is taken to end the scourge of oil theft and illegal refining, which remains the main cause of environmental pollution and is the real tragedy of the Niger Delta, areas that are cleaned up will simply become re-impacted through these illegal activities,” he said.
But Amnesty International accused Shell of trying to evade its responsibilities and said thousands of other people living near its old pipelines were at risk from spills.
Audrey Gaughran, the charity’s director of global issues, said: “Oil pollution in the Niger Delta is one of the biggest corporate scandals of our time. Shell needs to provide proper compensation, clear up the mess and make the pipelines safer, rather than fighting a slick PR campaign to dodge all responsibility.”
Styvn Obodoekwe, a spokesman for the Nigerian centre for environment, human rights and development said: “Oil giant Shell’s long-overdue compensation payout to a community devastated by oil spills is an important victory for the victims of corporate negligence.”
Legal firm Leigh Day, who represented the Bodo community, warned that the pay-out could now lead to other Nigerian oil spill cases being heard in the London courts rather than in Nigeria.
“This will open the door. We have four or five other cases which we have been asked to look at. We and others will look to bring other cases. We are pleased that Shell has done the decent thing but it is deeply disappointing that it took them six years to take this case seriously and to recognise the true extent of the damage caused to the environment and to those who rely on it for their livelihood,” said Day.
Chief Sylvester Kogbara, chairman of the Bodo Council of Chiefs and Elders said: “The community can start to live again. For the last few years people here have had no income at all. It has been very painful. We cannot start fishing again but we start business and begin to trade. There is some optimism again.
“For now, the Bodo community is very happy that this case has been finally laid to rest. The hope is that this will forge a good relationship with Shell for the future, not only with the Bodo people but with all the Niger Delta communities that have been impacted in the same way as us,” said Kogbara. “We hope that Shell will take their host communities seriously now... and clean-up the whole of Ogoniland.”
Shell and other oil companies were slated by the UN Environment programme, Amnesty International and the Nigerian government for their lack of action in cleaning up dozens of major spills in Ogoniland. The 400sq mile coastal region which, under the leadership of Nigerian writer Ken Saro-Wiwa, rose peacefully against the company in the 1990s in protest against spillages, is one one of the least developed regions in Nigeria.
The Guardian
Related stories: Shell on the verge of selling Nigeria oil fields for $5bn
Nigeria cuts oil price benchmark due to falling global oil prices
Nigeria comes second in most internet addicted countries in the world
The country most addicted to the Internet is Brazil, according to a new study from business consultancy A.T. Kearney. The study surveyed people who go online at least once a day, and found that 51% of Brazilian Internet users said they were online all day long, while 20% go online more than 10 times a day. This is largely due to access to smartphones; the country has the second highest smartphone penetration in South America.
Unsurprisingly, most of those who spend the most time online are young (53% were aged 16-35) and unmarried (also 53%). And a lot of Internet use is driven by social networking: In Brazil, those surveyed spend 58% of their time online on social networking sites—more than in any other country.
Nigeria and South Africa, where 66% and 61% of survey respondents respectively go online at least once an hour, come in second and third for heavy Internet use. Their rates are nearly double that of China, where only 36% of respondents reported hourly use.
Substance
Related stories: Video - Nigeria's answer to amazon.com
Nigeria's growing video game industry
Unsurprisingly, most of those who spend the most time online are young (53% were aged 16-35) and unmarried (also 53%). And a lot of Internet use is driven by social networking: In Brazil, those surveyed spend 58% of their time online on social networking sites—more than in any other country.
Nigeria and South Africa, where 66% and 61% of survey respondents respectively go online at least once an hour, come in second and third for heavy Internet use. Their rates are nearly double that of China, where only 36% of respondents reported hourly use.
Substance
Related stories: Video - Nigeria's answer to amazon.com
Nigeria's growing video game industry
Monday, January 5, 2015
Bitcoin exchange market coming to Nigeria
Nigeria bitcoin users will be happy to learn that we are pleased to announce the launch of the the Naira market on ICE³X. The Market will officially begin trading on the 12th January 2015, but users are able to sign up and verify their accounts from today. An exclusive agreement with Nigerian payment processor, VoguePay, now allows clients to trade bitcoin in their native Naira using their existing VoguePay wallets to fund their transactions, which execute on the robust trading platform that ICE³X have been developing over the last 2 years.
Being a full order book exchange, ICE³X affords VoguePays’ clients in Nigeria the opportunity to place buy/sell orders for bitcoin instantly with further integration possibilities already in place to provide full crypto-merchant services to customers.
According to the Nigeria Communications Commission, in June 2013 the country had 48.1 million active internet subscriptions through mobile phone networks, yet this space has been largely ignored by the internet currency advocates.
“As the biggest economy in Africa, with over 40 million people connected to the internet in one way or another, it’s only natural that Nigeria is looking to take part in the opportunities that the internet affords everyone around the world. With our daily lives becoming more global and the world population & migration statistics ever increasing, it makes perfect sense to have a global mechanism, accessible by all, which operates in a self regulated eco-system, as “payment rails” for the masses connected via the web.
We have to be realistic though, the Bitcoin technology has yet to be packaged and applied correctly for it to be a mainstream alternative currency, but as an agnostic payment settlement mechanism within a larger framework it ticks all the boxes and could perhaps have a significant impact on shaping the Nigerian digital economy landscape. It is a market that simply just cannot be ignored any longer” – Gareth Grobler, Founder ICE³.
VoguePay is an online payment processor whose vision is to offer buyers and sellers a secure and easy-to-use means of transacting business online. They combine local and international knowledge and apply this to keep business connected with cutting edge financial technology. Their executive and research teams are based in Canary Wharf, London’s financial district with their development, operations and professional services groups located in Lagos, Africa’s largest market.
Through this unique opportunity VoguePay are pioneering cross border processing capabilities using Bitcoin in Africa and not just Nigeria Bitcoin businesses. The company is dedicated to bringing secure and effective payment processing facilities to Nigeria and is rapidly expanding their product offering to include alternative currencies.
“It’s been an amazing year for VoguePay. As we recently launched our latest platform (V 2.0), thousands of transactions have already experienced our unique service that our platform has to offer; and we are excited to be recognised as the best Nigerian online payment platform. Building relationships with reputable companies such as iceCUBED in South Africa, who are also focused on making e-payment accessible to as many people as possible; we will continue to set the pace of the Nigerian online payment industry. The example we are setting will pave the way for young African entrepreneurs to foster better business relationships, making the online markets more accessible to millions of Africans.” -VoguePay Compliance and Marketing director, Geoffrey Weli Wosu.
The Naira Market on ICE³X is currently live in the production environment and users are currently being verified in anticipation of the official market opening on 12th January 2015. ICE³X have been operating a successful bitcoin exchange in their native currency, Rand, since August 2013 and are also launching the Dollar and Sterling markets on the exchange at the end of January 2015.
ICE3X
Related stories: Bitcoin interest grows in Nigeria
PayPal coming to Nigeria
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