The CBN has expressed displeasure over continued diaspora remittances into the country in Naira, instead of dollars, by International Money Transfer Operators (IMTOs) and unlicensed companies, contrary to its directives. Dr O.S. Nnaji, Director Trade and Exchange Department of CBN, said in a circular, on Friday, that the action contravened the apex bank’s directive that all remittances be paid to beneficiaries in dollars. The circular, entitled, “Modalities For Payout of Diaspora Remittances”, was posted on the CBN website on Friday. “Further to our circular titled” Receipt of Diaspora Remittances: Additional Operational Guidelines “, it has come to our notice that…
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The CBN has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalisers, and the Nigeria Interbank Settlement System (NIBSS), to enlighten their customers on the revised cheque book, introduced across all banks. Mr Sam Okojere, Director, Banking Services Department, who gave the advice in a circular posted on the CBN website, said it had become imperative for the Apex bank to enlighten stakeholders about the circular, which had been interpreted differently from the intended purpose. He explained that based on the CBN’s circular dated Dec. 9, 2020, referenced BKS/DIR/CIR/GEN/02/042 on the subject, the parallel run, in which old and new…
The U.S. House of Representatives will on Monday, deliver to the Senate, its impeachment charge against former President Donald Trump to the Senate. Senate’s new Majority Leader, Chuck Schumer, announced the move on the Senate floor on Friday, against former Republican Senate Minority Leader Mitch McConnell’s request that the delivery be delayed. Schumer displaced McConnell as the chamber’s leader after Democrats won two Georgia runoff elections this month. “The House will deliver the article of impeachment to the Senate. The Senate will conduct a trial of the impeachment of Donald Trump. “It will be a full trial. It will be…
The Acting Commandant General of the Nigerian Security and Civil Defence Corps, NSCDC, Mr Hillary Madu has been confirmed as substantive boss of the Corps. In a statement by the spokesperson of the Corps, DCC Emmanuel Okeh on Friday, the new NSCDC boss appreciated the federal government “for the opportunity given to me to steer the affairs of the Corps in acting capacity and promised to continue in the execution of the Corps mandate to justify the confidence reposed in him.” He assured the Minister of Interior, Rauf Aregbesola of his “determination to rejig the system and personnel in order…
By Sulaiman A. Abba Succession planning is a process for identifying and developing new leaders who can replace old leaders when they leave, retire or die. This planning increases the availability of experienced and capable hands that are prepared to assume these roles as they become available. Taken narrowly, “replacement planning” for key roles is the heart of succession planning. In the military, police and other armed security services as well as in every government institution, succession planning aims for continuity of leadership, preventing a chaotic power struggle by preventing a power vacuum. The planning for a successor to the…
By Bello Hamza The Initiative for Conciliation and Right Protection, an NGO, has called on Nigerians to contribute towards ending insecurity in the country. In a statement signed by Madel Abraham, Ahmad Isa, Abas Abas, Josephine Badmus, Christian Emmanuel and Mikail Yunus on Friday, the group also called on Nigerians to help fight against corruption, bad economic policies and oppression against minority groups. According to it, insecurity had become a hydra-headed monster that security agencies appeared incapable of handling its multifaceted manifestations, including banditry, kidnapping, destruction of lives and property, creation of fear, to mention but a few. “Poverty continue…
The Niger State House of Assembly on Thursday, confirmed the appointment of Justice Aisha Bwari as the new Chief Judge of Niger state. She was confirmed on Thursday after a unanimous decision by the Assembly for her to take a bow and leave. Member Malik Madaki in a motion said Justice Bwari had served the state meritoriously in various capacities, adding that she, therefore, deserved the honour of the Assembly to take a bow and leave. Member Malam Iya expressed confidence that Bwari would improve on the administration of criminal justice in the state. “I urge you to pay deserved…
The Executive Secretary of the National Health Insurance Scheme (NHIS), Prof. Mohammed Sambo, has approved the deployment of a new Head of Media and Public Relations for the Scheme. Sambo stated this in a statement issued by the new NHIS Head, Media and Public Relations, Mr Emmanuel Ononokpono, on Friday in Abuja. According to the statement, Ononokpono until the development was the NHIS State Coordinator in Akwa Ibom State. Sambo, however, congratulated Ononokpono and urged him to deploy his experience and skills diligently to achieve effective public communication of policies, activities and achievements of the scheme, especially in the context…
The Zambian government said on Friday that it will next month hold a virtual meeting with the International Monetary Fund (IMF) to negotiate an extended credit facility. The virtual meeting will be held from Feb. 1, to March 3, 2021. Secretary to the Treasury Fredson Yamba said the meeting comes in the wake of a request by the government last November for a formal programme and a visit by an IMF team in December. The meeting will be held under the Extended Credit Facility window which provides financial assistance to countries with protracted balance of payments challenges, a situation which…
The National Agricultural Seeds Council (NASC) on Friday in Abuja, said that it would intensify its surveillance and compliance activities in 2021 to ensure that only improved certified seeds are sold to farmers. The Director-General of NASC, Dr Philip Ojo, said this while briefing newsmen on the achievements of the council in 2020 and the expectations in 2021. Ojo said that the withdrawal of operational licenses of 103 seed entrepreneurs in 2020 was a demonstration of the council’s determination to rid the markets of unscrupulous dealers. According to him, following the recertification of companies accredited by NASC in 2020, the…