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The Central Bank of Nigeria, CBN, has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM) as part of efforts to improve foreign exchange liquidity in the retail segment of the market and meet the legitimate needs of end users. The CBN has also approved that weekly FX purchases by each BDC be capped at USD150,000, and that utilisation comply with existing BDC operational guidelines. Under the new directive contained in a circular signed by the Director, Trade and Exchange Department, Dr Musa Nakorji, all BDCs duly licensed by the CBN are…

The National Agency for Food and Drug Administration and Control, NAFDAC, says there is no directive from the Federal Government to halt sachet alcohol enforcement.​In a statement by its Director-General, Prof Mojisola Adeyeye, on Wednesday, NAFDAC described the report as false and misleading. The agency said it has not received any formal communication from the Federal Government ordering a halt to its regulatory activities concerning sachet alcohol products. “The said publication is false, misleading, and does not reflect any official communication received by the Agency from the Federal Government,” NAFDAC stated. According to NAFDAC, it operates strictly within its statutory…

The Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, GCON, has emphasized the judiciary’s central responsibility in safeguarding the transparency, proportionality, and constitutional soundness of asset recovery proceedings. She made this statement when the African Center for Governance, Asset Recovery and Sustainable Development, convened a high-level judicial training programme on the confiscation and management of confiscated assets under POCA 2022. The Chief Justice highlighted the judiciary’s central responsibility in ensuring that POCA is applied in a manner that is transparent, principled, and constitutionally sound. She emphasized that asset recovery is not merely a technical process, but a test of the judiciary’s…

Members of the All Progressives Congress, APC, in Akwa Ibom State have embarked on a protest over an alleged plot to dismantle the party’s structures during the forthcoming congresses. The APC members took to the streets in Mkpat Enin Local Government Area on on Wednesday over what they described as a clandestine attempt by party “bigwigs” to dissolve the existing ward and chapter structures ahead of the party’s congresses slated for February 18 and 21. The protesters displayed placards with inscriptions such as ‘Governor Umo Eno, it is you we know, please help and call your appointees to order’, ‘They…

Ebonyi North senator, Onyebuchi Nwaebonyi, says the Senate deserves commendation over its efforts on the Electoral Act Amendment Bill. This is as he said that the amendment to a section of the Electoral Act has officially authenticated the INEC Result Viewing portal, IREV, as a reference point for election results. Nwaebonyi sooke on Wednesday during an interview on Channels Television’s ‘Sunrise Daily’ DAILY POST reports that the Senate on Wednesday rescinded its earlier position, which had rejected the compulsory electronic transmission of results from polling units to IREV, following public backlash. The upper legislative chamber however retained a provision allowing…

Tottenham have parted ways with head coach Thomas Frank after less than eight months in charge, Sky Sports reports. This comes a day after Spurs lost 2-1 to Newcastle at home. The result leaves the North London club sitting in 16th place, five points above the drop zone. Tottenham have won just twice in their last 17 league games. Frank leaves having won just 13 of his 38 matches in charge. The loss to Newcastle gave him the worst Premier League win percentage of any Spurs manager in the Premier League era with just 26.9 per cent.

Senate spokesman, Yemi Adaramodu has lashed out at Nigerians protesting real-time electronic transmission of election results. Speaking during an interview on ‘Politics Today’, a programme on Channels Television on Tuesday, Adaramodu said the protesters have always been there even for good things. DAILY POST reports that Nigerians, on Monday converged in Abuja for the “Occupy National Assembly” protest against the rejection of e-transmission of election results by the Senate. Prominent politicians such as the former Labour Party presidential candidate, Peter Obi, as well as former Minister of Transport, Rotimi Amaechi, among others participated in the protest. Reacting, the Senate spokesman…

Chief Medical Directors (CMDs) of federal tertiary health institutions have attributed poor funding for medical research to budgetary constraints and repeated cuts during the budgeting process, as the House of Representatives criticised teaching hospitals for allocating less than one per cent of their budgets to research. Speaking on behalf of the Committee of Chief Medical Directors, the Secretary of the committee and Chief Medical Director of the Jos University Teaching Hospital, Prof. Pokop Bupwatda, told lawmakers that although research is usually captured in hospital budget proposals, the allocation is often removed before final approval. Bupwatda said limited funding has weakened…

By all fiscal indicators, 2024 should have marked a defining moment for Taraba State. This ought to be because federal allocations to the state surged dramatically, rising from N17.86 billion in 2023 to N56.1 billion in 2024. The sharp increase raised public expectations of better roads, functional schools, improved healthcare facilities and visible development across both urban centres and rural communities. But the promise of progress, DAILY POST reports, has collided with a harsher reality. Rather than emerging as a model of fiscal turnaround, Taraba has been identified as Nigeria’s epicentre of abandoned federal government projects. A recent report by…

Experts in the health sector have called for increased awareness, early detection, and equitable access to care in order to tackle the country’s rising cancer cases. They made the call during the 2026 World Cancer Day celebration organized by the Nigerian Cancer Society (NCS) Ogun State branch in collaboration with the Federal Ministry of Health and Social Welfare. This year’s celebration, themed “United By Unique” with the sub-theme “Advancing Inclusive, Patient-Centered Cancer Care in Nigeria,” was held on Tuesday at the Federal Medical Center (FMC), Abeokuta. Speaking at the event, Udeme Emah, State Coordinator, Pathfinder International, argued that the year’s…