Currently, the CBN is annually responsible for about 70% of all dollar revenue that enters into the domestic forex market. The balance 30% or less is supplied by oil companies and a few exporters outside the oil sector! While these private dollar suppliers are legally permitted to approach the banks directly for the exchange of their dollars to naira, the owners of public sector dollar revenue in our reserves are not so lucky!

THE National Assembly is taking the rivalry that started last year to newer and more dangerous grounds. Disputes over who would lead the joint committee of the National Assembly to review the Constitution resulted in both houses holding separate reviews.

POLITICAL office holders in Delta State have been urged to key into the vision of Governor Emma-nuel Uduaghan for the state.

Many of them would rather pay N20 transport to Ikotun and its environs, where power supply is better, for their hairdo. We have not realised one tenth of the amount invested to open this shop and the year is almost running to an end. We end up running the business at a loss,” she complained with bitterness.

The governor of Cross River State, Senator Liyel Imoke, said that the ceding of 76 oil wells from the state to Akwa Ibom State in June this year has caused untold hardship to the state, noting that President Umaru Yar’Adua had taken a critical look into the matter and has ordered for a review of the directive.

*As FG condemns Kosovo declaration By Chinyere Amalu ABUJA—Nigeria and Serbian Government have opened bilateral talks on six strategic areas, even as Nigerian government has promised to re-open Nigerian mission in Serbia which was closed down in 2003. Although the two countries specifically signed agreement on political dialogue weekend in Abuja, other areas that were […]

By Peter Duru MAKURDI—Federal High Court Judge, Justice Abimbola Ogie, has condemned the Nigeria Police for alleged disregard for the tenets of the rule of law, especially in the handling of criminal cases describing the practice as unhealthy in the administration of criminal justice in the country. Justice Ogie expressed dismay at the manner the […]

By Emeka Mamah KADUNA— The coalition of 44 political parties in Kaduna State has asked Governor Mohammed Namadi Sambo to stop deceiving the electorate with rhetorics and embark on concrete provision of infrastructure if he was interested in contesting the 2011 election in the state. Publicity Secretary of the coalition, Idris Musa, who made this […]

By  Vincent Ujumadu AWKA—THE people of Ihiala in Anambra State are spoiling for a war with the state Governor, Mr. Peter Obi and the former member representing Ihiala federal constituency, Chief Chuma Nzeribe over the revocation of Rights of Occupancy of their ancestral land for an Independent Power Plant project. The community is alleging that […]

Seven months after its commencement no farmer or aggro-allied enterprise is yet to benefit from the N200 billion Commercial Agricultural Credit Scheme (CACS) due to official bureaucracy and unresolved technicalities among the parties involved in the management of the scheme.