TÜRKIYE IS PLANNING TO ESTABLISH LOCAL DEFENCE PRODUCTION FACILITIES AND MILITARY TRAINING CENTRES IN NIGERIA AS PART OF EFFORTS TO STRENGTHEN SECURITY COOPERATION AND INCREASE BILATERAL TRADE TO $5 BILLION.(PHOTO).

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 Türkiye is planning to establish local defence production facilities and military training centres in Nigeria as part of efforts to strengthen security cooperation and increase bilateral trade to $5 billion. Turkish Ambassador to Nigeria, Mehmet Poroy, disclosed this on Monday in Abuja, saying the proposed facilities would enable Türkiye to support local military equipment production rather than simply supplying weapons and equipment. He also revealed that 200 Nigerian special forces personnel were undergoing a two-month training programme in Türkiye, with plans underway to establish a similar facility in Nigeria. “We are planning to have some local production unit also in that context, not only selling to Nigeria the tools, equipment, the arms that it needs, but also the possibility of having local production here in Nigeria,” Poroy said. On trade, the ambassador said bilateral trade currently stood at approximately $2 billion, including oil and gas, but both countries were targe...
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FG WARNS AGAINST MONEY BOUQUET AHEAD OF VALENTINE'S DAY.(PHOTO)

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 FG warns against money bouquet ahead of Valentine's Day.


The Central Bank of Nigeria (CBN) has classified “money bouquets” as a form of naira abuse, adding it to offences such as spraying, squeezing, selling, and defacing banknotes.


Money bouquet is when money is folded to look like a flower petal and then arranged together to create a bouquet.


The CBN made this known in a flier shared on its Twitter handle that listed forms of abusing the naira.


The apex bank captioned the post, “It is your civic duty to protect the naira. Report naira abuse today.”


Under the CBN Act, anyone caught tampering with the naira faces a minimum of six months in prison or a fine of at least ₦50,000.


Nigerians have been urged to protect the naira and report violations as enforcement agencies step up actions against offenders nationwide.


The CBN also provided toll-free hot-lines through which the apex bank could be reached to report such activities. 


This comes just days before the celebration of Valentine's Day, which sees many display their love by gifting their loved ones money bouquets and other items.

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