A senior bank treasurer who spoke on condition of anonymity told Vanguard that the circular is a subtle measure by the apex bank to control daily foreign exchange demand by banks. He said that previously banks could receive foreign exchange bids from customers and submit them in three tranches before the close of bidding on each foreign exchange auction day.

hairman, Board of Trustees, Conference of the Northern Chamber of Commerce, Alhaji Badaru Abubakar Babura, has disclosed that the business communities in the country cannot create jobs because of poor government policies, saying there is need for government to partner with them to survive.

DESPITE a presidential directive to all ministers recently that any of them whose memo was discussed and approved at the Federal Executive Council (FEC) meeting must wait and attend the post-FEC media briefing to answer technical questions from newsmen on memos emanating from their respective ministries, eight ministers yesterday shun the weekly FEC briefing.

Speaking in an interview, he said “it is not true that there is no definite post amnesty plan for the region. Those canvassing this position should go and read various documents and reports and papers presented to Mr. President for comments on the amnesty programme.

According to him, the decision of the South-South governors to pull out of the amnesty deal is commendable and exposes the intention of the federal government on the announced amnesty after a military operation which saw the wiping out of Gbaramatu community.