Dedicated port terminal, rebates for non-oil exporters… what to know about CBN’s ‘RT200 FX programme’
On Thursday, the Central Bank of Nigeria(CBN) unveiled the bankers’ committee ‘RT200 FX Programme’, which stands for the ‘Race to $200 billion in FX Repatriation’. The bankers’ committee is the umbrella body of CBN directors and chief executives of all deposit money banks (DMBs), with the CBN governor as chairman. Addressing journalists […]
PSC directs police to conduct further probe of DCP Abba Kyari — with different panel
The Police Service Commission (PSC) has directed the Nigeria Police Force (NPF) to conduct further investigation into the allegations levelled against Abba Kyari, suspended deputy commissioner of police (DCP). The commission asked the police to carry out the fresh probe with a different panel. The development was announced by Ikechukwu Ani, spokesperson […]
Ekiti primary: Opeyemi Bamidele halts plan to sue APC, says he won’t defect
Opeyemi Bamidele, senator representing Ekiti central, says he has suspended the plan to sue the All Progressives Congress (APC) over the conduct of its primary election in the state. Bamidele was among the seven governorship aspirants that pulled out of the party’s primary election last month. The senator had described the election […]
‘FG not responsible for funding state judiciary’ — supreme court nullifies executive order
The supreme court has ruled that it is not the responsibility of the federal government to fund the capital and recurrent expenditure of state judiciary. All 36 states through their attorneys-general had in a suit filed before the apex court on September 17, 2020, argued that it is the federal government’s responsibility to […]
This is Cynthia Okafor — UI’s best-graduating student in Pharmacy
A lady identified as Cynthia Okafor has emerged as the best graduating student of the Faculty of Pharmacy at the University of Ibadan (UI). Source: Top Stories
Supreme court nullifies executive order empowering FG to deduct from state funds
The supreme court has nullified President Muhammadu Buhari’s executive order 10. Buhari, on May 22, 2020, signed the order granting financial autonomy to the legislature and the judiciary in the 36 states of the federation. The order empowers the accountant-general of the federation to deduct funds for the state legislature and the judiciary […]
TRENDING VIDEO: Policeman takes refuge in shop after gunmen attacked checkpoint in Enugu
A video where a policeman is seen taking refuge in a shop after an attack by gunmen on a checkpoint in Enugu is trending on social media. In the less than one minute video, the police officer panicking , knelt down inside the shop and removed his phone from his pocket to make […]
CLOSE-UP: What to know about Duke oil, the NNPC subsidiary in the middle of off-spec petrol saga
On Wednesday, Mele Kyari, group managing director of the Nigerian National Petroleum Company (NNPC) Limited, said suppliers, through the direct sales direct purchase (DSDP) arrangement, imported all four PMS cargoes with methanol-blended petrol into the country. According to Kyari, the suppliers inclde MRS, Oando, Emadeb Consortium, and Duke Oil — a subsidiary of NNPC. […]
MATTERS ARISING: Who are the ‘Boko Haram’ women, children surrendering to troops?
In recent months, the Defence Headquarters (DHQ) has periodically reeled out figures of Boko Haram and Islamic State in West Africa Province (ISWAP) insurgents who have surrendered, and are now willing to embrace peace. Since the war against the insurgents began about ten years ago, the military had used both kinetic and non-kinetic […]
Emefiele: CBN to stop dollar sales to banks… they must source FX from export proceeds
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says it will stop the sale of foreign exchange to banks by the end of the year. Emefiele said this on Thursday at a press conference in Abuja after consultation with the Bankers’ Committee. He also announced the introduction of the bank’s […]