SOUTH AFRICA SAYS US MISREPRESENTED ITS POLICIES AFTER VISA CURBS. (PHOTO).

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 South Africa says US misrepresented its policies after visa curbs South Africa's foreign ministry said on Wednesday that it ‌had noted with concern U.S. visa restrictions on some people from South Africa announced by U.S. Secretary of State Marco Rubio a day earlier. The foreign ministry added in a statement that ⁠the U.S. announcement aligned with "the mischaracterisation of South Africa's domestic policies by fringe groups". "We maintain that challenges in our bilateral relations with the USA can only be resolved by constructive engagement through state actors on both sides of the diplomatic channel not unilateral acts," the statement said, Reuters reported. Trump has repeatedly criticized ‌South ⁠Africa since the start of his second term for what he falsely claims is the racial persecution of its white minority, citing affirmative action laws aimed at ⁠addressing the inequality that has persisted since apartheid. It was not clear who would be impacted by...
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PRESIDENT TINUBU NOMINATES LAMIDO ABUBAKAR YUGUDA AS CBN DEPUTY GOVERNOR. (PHOTO).#PRESS RELEASE

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 STATEHOUSE PRESS RELEASE 


President Tinubu nominates Lamido  Abubakar Yuguda as CBN Deputy Governor 


President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, subject to confirmation by the Senate.


The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.


Yuguda’s nomination follows the recent appointment of the erstwhile Deputy Governor, Mr Bala Bello, as Special Adviser to the President on Political Economy.


The President charges them to discharge their responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth, in their respective roles.   


Lamido Yuguda's last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.


He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.  In 1991, he obtained a master's degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.


He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.


He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.


He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.  He retired from the CBN in 2016, after serving as Director of the Reserve Management Department for six years. 


-Bayo Onanuga

Special Adviser to the President,

(Information and Strategy)

March 11, 2026

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