CBN mandates BDCs to sell unutilised FX to NFEM within 24hrs

CBN mandates BDCs to sell unutilised FX to NFEM within 24hrs

•May confiscate unutilised balance By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has directed Bureau De Changes, BDCs, to sell unutilised foreign exchange (FX) balances to the Nigerian Foreign Exchange, NFEM, market within twenty-four (24) hours of the expiry of the utilisation period. The apex bank disclosed this in its regulatory guidance on purchase of […]
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Civil Society seeks speedy conclusion of long-running fraud trial

Civil Society seeks speedy conclusion of long-running fraud trial

A civil society organisation, Civil Society Leaders for Anti-Corruption and Transparency (CSLFAAT), has called for the speedy conclusion of the ongoing trial of former Benue State Governor, Gabriel Suswam, and his former Commissioner for Finance, Omadachi Okolobia.

Shettima’s final test, by Azu Ishiekwene

Shettima’s final test, by Azu Ishiekwene

Vice President Kashim Shettima cannot be blamed for having doubts about whether President Bola Ahmed Tinubu would renominate him as his running mate for a second term. As governor of Lagos State for eight years, Tinubu used three deputies: KofoworolaBucknor-Akerele, Femi Pedro, and AbiodunOgunleye. Only Senate President GodswillAkpabio (as AkwaIbom governor) matched this record in the […]

The unidentified problem of Nigeria: From forced migration to AUTOSUCOM Revolution (I) 

The unidentified problem of Nigeria: From forced migration to AUTOSUCOM Revolution (I) 

By Victor-Bandele Dada For more than six decades, Nigeria has debated its problems without ever adequately identifying the problem beneath the problems. Economists have diagnosed fiscal instability. Political scientists have examined institutional weakness. Sociologists have studied ethnic and religious fragmentation. Development specialists have focused on poverty, unemployment, food insecurity and human capital. Security analysts have examined […]

Jimoh Ibrahim is uninformed: UN intervenes in nation’s internal affairs, by Owei Lakemfa

Jimoh Ibrahim is uninformed: UN intervenes in nation’s internal affairs, by Owei Lakemfa

I do not support the call by Oyo State Governor SeyiMakinde that international bodies like the United Nations (UN) should participate in probing the 56-day abduction of 39 pupils and six teachers in the state. In receiving the freed victims, he called “on the appropriate international human rights and accountability mechanisms, including those within the United […]