BAUCHI ZAAR FESTIVAL: POLICE TO UPHOLD COURT ORDER AND BAN THE 2024 ZAAR FESTIVAL. (PHOTO). #PRESS RELEASE.

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 BAUCHI STATE POLICE COMMAND PRESS RELEASE 31/10/2024 The Editors, ZAAR FESTIVAL: Police to uphold court order and ban 2024 Zaar festival …as the Commissioner of Police Bauchi State Command announces proactive measures to ensure community safety and harmony In light of the High Court’s decision, the Bauchi State Police Command would like to inform the public that the 2024 Zaar Festival, originally scheduled for November 2, 2024, has been suspended following a court restraining order issued on October 30, 2024. This decision follows an earlier suspension announced on September 27, 2024. Historically, the Zaar Festival has been associated with incidents of conflict, resulting in attacks on individuals, damage to property, and disruption of public order. Consequently, the organizers of the festival, along with any individuals involved, are prohibited from conducting any related processions in Tafawa Balewa, Bogoro Local Government Area, or any other location, until a definitive court ruli
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IFC, CBN SIGN DEAL TO BOOST LOCAL CURRENCY FINANCING IN NIGERIA. (PHOTO).

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 IFC, CBN sign deal to boost local currency financing in Nigeria


The International Finance Corporation, a member of the World Bank Group and the Central Bank of Nigeria have announced an agreement to scale up local currency financing, unlocking over $1bn in investments across key sectors of the Nigerian economy.


This was according to a joint press statement from the IFC and the CBN on Monday.


The agreement, signed by IFC Managing Director Makhtar Diop and CBN Governor Yemi Cardoso, will provide naira-based financing to sectors such as agriculture, infrastructure, housing, energy, small and medium enterprises, and Nigeria’s youth and creative industries.


This deal will enable private businesses to thrive by improving access to long-term, affordable local currency funding, essential for mitigating currency risks.


The statement read, “IFC, a member of the World Bank Group, and the Central Bank of Nigeria have signed an agreement to increase local currency financing to enable private businesses in Nigeria to grow and thrive.


“The partnership will allow IFC to manage currency risks and increase its investment in Nigerian naira across priority sectors of the economy, including agriculture, housing, infrastructure, energy, small and medium enterprises and the creative and youth economy.

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