2027: ABIA APC GOV CANDIDATE UNVEILS RUNNING MATE. (PHOTO).

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 2027: Abia APC gov candidate unveils running mate The All Progressives Congress governorship candidate in the 2027 general election in Abia State, Eric Opah, presented his running mate, Godswill Egbe, to the party in the state, noting that the party is running to win. Opah made the presentation on Monday in Umuahia, the state capital. “If you want to choose somebody to work with, you have to make sure that it is not somebody who will give you trouble. So, because running mate and deputy governor positions often come with disagreements with the principal, I took my time. I have to tell our party members, this is a man of integrity,” Opah said. He added that Egbe is a man that Abians and the APC will be proud of. “Let me make it very clear. We are running this election. APC is running this election to win. “Agu Egbe will work with me in honesty to use Abia money to work for Abians. We are not going to claim 400 roads when we build 20. We are going to ensure that we create jobs for A...
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BANK OF GHANA SUSPENDS FX LICENCES OF GTB, FIRST BANK FOR ONE MONTH. (PHOTO).

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 In a statement on Monday, the Ghanaian regulator said the suspension will become effective from March 18, 2024, for one month.


“Bank of Ghana has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN), effective 18th March 2024, for a period of one (1) month, in accordance with section 11 (2) of the Foreign Exchange Act 2006, (Act 723),” the statement partly read.


“This is a result of various breaches of the foreign exchange market regulations, including fraudulent documentation in their foreign exchange operations which have come to the attention of Bank of Ghana.

“The licence will be restored at the end of the one-month suspension period once the Bank of Ghana is satisfied that they have put in place effective controls to ensure strict adherence to the foreign exchange market regulations.”

The regulator cautioned foreign exchange market players to adhere strictly to the applicable forex market regulations and guidelines.


Last Friday, the Central Bank of Nigeria (CBN) revoked the licences of 4,173 Bureaux De Change Operators, accusing the affected institutions of failing to observe regulatory provisions.


The move is expected to curb arbitrage, racketeering and profiteering as the naira suffers an all-time low against the dollar, from about $/700 last May to over $/1500 at the moment.

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