DANIEL DAGA HAS BEEN SENTENCED TO SIX MONTHS IN PRISON BY A NORWEGIAN COURT AFTER BEING FOUND GUILTY OF COMMITTING A SEXUAL ACT WITHOUT CONSENT.(PHOTO).

-
Image
  🇳🇴 Daniel Daga Sentenced by Norwegian Court, Appeals Verdict Molde FK midfielder Daniel Daga has been sentenced to six months in prison by a Norwegian court after being found guilty of committing a sexual act without consent. The Nigerian midfielder joined Molde FK from Enyimba just a year ago as one of the promising young talents to move from the NPFL to Europe. However, Daga has appealed the ruling through his lawyer, meaning the decision is not yet legally final and the case will continue through the Norwegian judicial system. Molde FK have also confirmed that the midfielder will not be included in the club’s matchday squad until further notice while the legal process continues.
Post a Comment

CBN RELEASE LIST OF LICENSED BDC OPERATORS. (PHOTO).

-


CBN releases list of licenced BDC operators

18th Jul 2023 

The Central Bank of Nigeria (CBN) on Tuesday released the list of the Bureau De Change (BDC) operators approved by the apex bank.

According to the fresh list published by the CBN, the total number of approved BDC dealers has been reduced to 2,991.

The document titled ‘Approved BDCs’, revealed that the licenses of 2,698 BDCs have been withdrawn.

In 2022, the Central Bank published a similar list in a document with reference: REF: FPR/DIR/PUB/CIR/001/037, titled, ‘List of CBN Licensed Bureaux De Change As at December 31, 2021’ where the CBN had approved 5,689 black market dealers.

It Is no longer news that in Nigeria, BDCs are the major influencers of exchange rates.

Prior to the emergence of President Bola Tinubu, the operators had grown from 74 in 2005 to 5,689 in 2021.

The BDCs grew by more than 100 per cent under Emefiele who later banned the sale of foreign exchange to BDCs over round tripping and involvement in illegal financial flows.

Under Tinubu, a document titled, ‘Policy Advisory Council Report: National Economy Sub-committee’, advised the implementation of key reforms like raising the capitalisation for BDC operators.

Another suggestion by the committee was for the CBN to allow the Nigerian banks to operate as the primary dealers to supply the forex market.

Since the naira was floated by the CBN in June, the currency has fallen to N795.28 at the Investors’ and Exporters’ FX window.

The situation Is even more severe at the parallel market where it closed at N820 per dollar, the British pounds closed at N1095 and the Euro at N905.

In a recent statement by the President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadebe, he said the FX market would remain volatile because BDCs are excluded from the I&E window.

’The volatility of the naira has been a stumbling block for the slow economic growth of Nigeria.

The I&E window is laudable, it’s patriotic and nationalistic, but no policy can actualize its mission without carrying the interest of the subsector (which is the BDCs).

“The I&E window is supposed to run on three legs, the banks, the CBN and the BDCs, overtly or covertly, the BDCs are missing,’’ said Gwadabe. 

 

Comments

Post a Comment

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

AMBODE,SOYINKA & OTHERS AT THE OFFICIAL LAUNCH OF LAGOS AT 50 YEARS ANNIVERSARY AGAINST 2017.{PHOTOS}.

-
Image
                Lagos State Governor,Mr Akinwunmi Ambode on friday officially launched the one year long activities to mark the 50 years anniversary of the State which will climax on May 28,2017,just as he said the activities lined up would showcase to the world the unique achievements,culture,heritage and the tourism potentials of the state.Governor Ambode,who spoke at a special children programme tagged ''Vision of the Child'' to officially kick start the one year long activities for the Golden Jubilee of the State,said the celebration was put together to provide historical opportunity to propel the State into unimaginable greatness as well as put it on highest pedestal in the league of the world megacity states.The Governor,who assured that the events would be the biggest celebration in the 50 years history of the state,added that Lagosians should expect nothing short of world class events.He said ''This golden jubilee celebration will show Lag...
Read more