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Central Bank Injects $210 Million To Boost Forex Market

CBN-Office-Abuja

The Central Bank of Nigeria (CBN), in continuation of its intervention in the foreign exchange market, has injected another sum of $210 million to boost sales in the inter-bank segment of the market.

In the sales conducted yesterday, Monday, and consummated today, Tuesday, the apex bank offered $100 million to authorized dealers in the wholesale segment of the market in the Tuesday Sales, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million.

The sum of $55 million was also allotted to the invisibles window to meet needs for tuition fees, medical payments and Basic Travel Allowance (BTA).

The Director in the Corporate Communications Department of the bank, Isaac Okorafor, confirmed the development and assured that the bank will continue to ensure liquidity of foreign exchange to meet the demand of customers, particularly during the yuletide.

It was only last week Tuesday, December 4, that the apex bank injected the sum of $210 into the inter-bank foreign exchange market.

Meanwhile, the Naira has continued to exchange at an average of N362/$1 in the Bureau De Change (BDC) segment of the market as at today.

Aisha Buhari Launches ‘Together Nigeria’ For Buhari’s Re-Election Tomorrow

Aisha, wife of President Muhammadu Buhari is scheduled to formally launch an independent advocacy group supporting the re-election of President Buhari in 2019.

The group, known as Together Nigeria, according to the organizers, will be launched tomorrow, Wednesday, December 12 at the Banquet Hall of the Presidential Villa, Abuja.

The Together Nigeria is aimed at securing victory of President Buhari in the 2019 election and uniting all Nigerians under the vision he represents for a progressive, peaceful, and prosperous Nigeria.

The group has engaged in an extensive social media campaign to energize youths of voting age on President Buhari’s achievements since 2015, including anti-corruption efforts which have recovered billions from tax evaders and corrupt officials, and the delivery of Nigeria’s largest ever social investment and infrastructure programmes benefiting Nigerians across the country.

The launch is expected to be attended by supporters of the President from all walks of life, including icons of music and movies, political gladiators as well as key government officials.

Minister Promises To Partner Media For Meaningful Development

FCT MInister, Muhammad Musa Bello

Minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello, has promised to partner with media in efforts to bring more development to the capital city, saying that media is an indispensable instrument of democratic governance that has contributed much to the development.

The minister who received in audience today, Tuesday, the new General Manager of the television station, Hajiya Fatima Abbass Hassan, who led her management team on a courtesy visit, expressed confidence in the ability of the new leadership to take the station to a higher level.

Muhammad Musa Bello congratulated Hajiya Fatima, commended NTA for its unique capacity building and careers progression plan which sees young officers grow to take up responsible positions in the Authority.

He observed that NTA has raised a fine crop of people heading the NTA station even as he thanked the management for the support FCTA has enjoyed over the years, while also pledging to continue to support NTA Channel 5, and indeed the media in the discharge of their functions.

Earlier, the General Manager, Hajiya Fatima Abbass Hassan, commended the Minister for his ability to manage human and material resources for the overall development of the FCT.

She also expressed the resolve of the management of the station to stand by the Minister in the discharge of his duties to the people.

Hajiya Fatima also thanked the minister for his continued support for the station, even as she appealed for support for the station in its efforts to effectively cover the Territory, especially in the area of its day to day operations.

I Will Stem Boko Haram By Providing Jobs, Atiku Tells Leadership Of Christians

Atiku Abubakar

The Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has said that the only way he would stop the menace of Boko Haram and other form of insurgents will be to provide jobs for the youths and other Nigerians.

Speaking at an interactive session with the leadership of the Christian Association of Nigeria (CAN) yesterday, Monday in Abuja, Atiku explained that once the jobless youths who are idling away are given good jobs to do, the issue of insecurity will be taken care of.

According to him, instead of the present administration to provide three million jobs yearly as it promised, a total of 11 million jobs have been lost since President Muhammadu Buhari came into office in 2015.

He listed the retooling of the nation’s armed forces for better performance among other strategies that have been penciled down as means of improving the effective security network of the nation.

On power supply, Atiku said, he would adopt the “captive power strategy” where specific power stations would provide power supply for specific areas adding that the strategy would ensure availability of power supply across the country within his first two years in office. He said that a study has revealed that the adoption of captive power stations will yield greater results than reliance on gas to generate power. He also said that there were companies willing to provide power at affordable rate using the captive power strategy.

On how to revive the economy, he said that he would create the right environment that would attract foreign and local investors who ran away from the country due to harsh economic and investment climate.

Atiku observed that the private sector and not government should be the highest employer of labour and the main engine of economic growth.

He noted that Nigeria slipped into recession because of capital flight and attendant closure of companies in the country following government’s pronouncements which sent the wrong signals to investors.

He said that the clampdown on domiciliary accounts forced investors to massively withdraw, close accounts and move their funds elsewhere, adding that the impact of the capital flight was the closure of companies and loss of jobs.

On the inclusion of women and youths in governance, he said that 40 per cent of his cabinet would be made of youths, 35 per cent for women while the remaining 25 percent would be filled by older Nigerians, adding that he plans to hand over to a younger generation.

Speaking on nepotism, Atiku said “by my nature I am not like that” assuring that he would run an all-inclusive government devoid of any kind of cabal.

Speaking on how to reduce Nigeria’s high maternal mortality rate, Atiku said that his administration would promote healthcare delivery system that is comprehensive, efficient and can deliver effective and qualitative services to women. He added that his policy document which was launched in November 2018 details in full what was in store for women.

Gowon, Buhari Laugh Their Hearts Out

President Muhammadu Buhari and war time Head of State, retired General Yakubu Gowon found time to laugh their hearts out today, Tuesday, at the signing of Peace Accord by Presidential candidates of 71 political parties in Abuja, ahead of the 2019 elections.

Group picture of all the Presidential candidates of political parties and leaders, who signed the Peace Accord today in Abuja.

Even the Sultan of Sokoto, Mohammed Sa’ad Abubakar, Bishop Mathew Hassan Kukah, Bishop Nicolas Okoh, retired Navy Commodore Ebitu Ukiwe, Retired General Abdulsalami Abubakar and other top religious and political leaders witnessed the signing of Peace Accord by candidates of political parties, including President Muhammadu Buhari ahead of 2019 election.

Buhari Signs Peace Accord Ahead Of 2019 Polls; Atiku Says He’s Not Invited, Organizers Say It’s Lie

Presidential candidate of the All Progressives Congress, President Muhammadu Buhari has signed the National Peace Accord Agreement ahead of the presidential election scheduled for February, 2019 even as thePresidential candidate of the opposition Peoples Democratic Party (PDP), Atiku Abubakar claimed that he was not invited to the event.
But the National Peace Committee said at the ceremony that invitation was sent to all the 73 Presidential candidates, including Atiku Abubakar, out of the 91 registered political parties in the country.
In the document, President Buhari agrees to run issue-based campaigns at national, state and local government levels.
“In, this, we pledge to refrain from campaigns that will involve religious incitements, ethnic or tribal profiling, both by ourselves and by all agents in our names.
“To refrain from making or causing to make in our names and that of our party, any public statements, pronouncements, declarations or speeches that have the capacity to incite any form of violence, before, during and after the elections;
“To commit ourselves and political parties to the monitoring of the adherence to this Accord by a National Peace Committee made up of respected statesmen and women, traditional and religious leaders
“To support all institutions of government including INEC and the security agencies to act and be seen to act with impartially.
“To forcefully and publicly speak out against provocative utterances a d oppose all acts of electoral violence whether perpetuated by our supporters and/or opponents.”
President Buhari, who signed the Accord at exactly 4:26 pm today, Tuesday, was accompanied by the National Chairman of the APC, Adams Oshiomhole.
However, the Media Adviser to Atiku Abubakar, Paul Ibe said: “I can confirm to you that His Excellency Atiku Abubakar, Presidential candidate of the PDP and former Vice President of Nigeria did not receive any formal invitation to the signing of the Peace Pact.”

APC Wants To Arrest All Of Us, PDP Chairman Cries Out

National Chairman of the Peoples Democratic Party (PDP), Uche Secondus, has cried out that the ruling All Progressives Congress (APC) has listed critical players in opposition including himself, the PDP Presidential Candidate Atiku Abubakar, his Vice Peter Obi, the Senate President Bukola Saraki, the Speaker of the House of Representatives, Yakubu Dogara, other top party leaders and their associates for arrest on frame up crimes.

The PDP National Chairman, in a statement yesterday, Monday, warned that with such plan, “the country is in a keg of a gunpowder at the moment as a result of your hatchet job for the ruling government and I warn you to get away from this illegitimate job of using instruments of state to harass and intimidate opponents.”

In the statement, which was issued by his Media Adviser Ike Abonyi, the PDP Chairman said that available intelligence shows that former Lagos State Governor Bola Ahmed Tinubu and former Akwa Ibom State Governor Godswill Akpabio are presiding over clandestine meetings and developing strategies for the APC which is aimed at freezing critical leaders of the opposition.

He said that aside the arrest and detention of opposition leaders, their family members and business associates have been lined up for intimidation and harassment including freezing their business interests and their bank accounts.

Secondus described as an afterthought fabrication, the EFCC denial that the son of the PDP Presidential Candidate was not the target in the raid of an apartment housing him in Abuja insisting that the game plan privy to the party was clear on who was the ultimate target.

The PDP leader reminded Nigerians  that these acts of impunity is in continuation of the embarrassment they caused our Presidential candidate and former Vice President of this country on Novemeber 11, 2019 when he was thoroughly searched at the Nnamdi Azikiwe International Airport by operatives of the state on his return from overseas on November 11, 2018.

“After that embarrassment and harassment which was aimed at intimidating the candidate and nothing incriminating was found on him, no apology was extended to him as a former number two citizen.

“They followed it up with the freezing of the Bank account of our Vice Presidential Candidate as well as that of his friends and family members as part of a large scheme to keep the party distracted from its focus of regaining power in 2019.”

According to the script, “PDP will be brought to their knees so that by January they would be finally grounded with their leaders framed up and put behind bars,” Secondus said.

He said that in the script, APC and the Federal Government believe that the party can only bark and not bite as observed in the case of Osun and Ekiti states while indeed they are set and determined for the worse rather than lose the election.

He warned: “while PDP believes and cherishes all ingredients of democracy including the rule of law, it cannot guarantee any situation that aims at cowing the opposition and thwart the will of the Nigeria people.

“Magu and other characters of his type who are willing to assist the APC in undermining democracy, to look back at history and know that the consequences are always not palatable.”

The PDP National Chairman called on all lovers of democracy and rule of law especially international community to rein in President Buhari, Magu and the APC to observe the tenets of democracy that respects the sanctity of the opposition and human rights.

Aisha Gets A Job From Her Husband, Buhari

President Buhari and Wife, Aisha

Aisha has been appointed by her husband, President Muhammadu Buhari, as a members of the Presidential Advisory Committee on the Elimination of Drug Abuse.

The Committee has the former Military Administration of Lagos, retired Brigadier General Buba Marwa, as its chairman.

The President who inaugurated the committee yesterday, Monday at the Presidential Villa, Abuja, said: “drug and alcohol abuse are also major occupational hazards among Nigerian workers, professionals, notably drivers, which contribute to making Nigerian roads particularly dangerous.

”The drugs that are commonly abused include but not limited to alcohol, cigarettes, caffeine, Tramadol, codeine, etc.

“Today marks the beginning of another milestone in correcting the root cause of some of the ills of today’s society in order to safeguard our common existence and guarantee a brighter future for our current generation and those yet on born.

“The role is specifically targeted at decimating the disastrous havoc that drug abuse could cause on the very fabric of our society. This is a situation of emergency and we must face and address it as such.”

Aisha Buhari had recently handed over a fully-equipped, state-of-the-art maternity complex to the Katsina State Government, in fulfillment of her commitment to improving the healthcare delivery system in Nigeria and the reduction of the health burden of women.

Gen Salihu’s Service Was Symbol Of Nigerian Armed Forces – President Buhari

President Muhammadu Buhari has extolled the good virtue of the former Nigerian Chief of Army Staff, retired Lieutenant General Salihu Ibrahim, who died yesterday, Monday abroad after a brief illness.

In a condolence message issued by senior special assistant to the President on media and publicity, Malam Garba Shehu, Buhari said: “it is a matter of great pride that outstanding officers like General Ibrahim served the Nigerian Army. He served the nation with all his heart; with full dedication and commitment to duty. His service represents the hallmark of our Armed Forces.”

The President, who sympathized with the family, the government and the people of Kogi State over the death of General Salihu, said that the news of his death had left him (the President), sad and devastated.

“But I am consoled by the fact that the soldier in the departed former Chief of Army will remain immortal and never to be forgotten.

“On behalf on my family, the government and the people of our country, I extend deepest condolences to General Ibrahim’s family ,loved ones and the government and people of Kogi State.”

Late General Salihu Ibrahim was born in Ajaokuta, Kogi State to a noble family on June 25, 1925.

He joined the army in 1956. He was given officer’s training at the Nigeria Military Training College. He became a respected Armored Corps officer, considered apolitical although he served as a member of Major-General Muhammadu Buhari’s  Supreme Military Council (1984-1985). He was briefly arrested in August 1985 during the coup in which Ibrahim Babangida took over from Buhari. Later he became a member of Babangida’s Armed Forces Ruling Council. He was appointed Commandant of the Nigeria Defence Academy from1988 to 1990).

In August 1990, General Sani Abacha, then Chief of Army staff (COAS) ceded this job to General Salihu, while remaining Chairman Joint Chiefs and becoming Minister of Defence. General Salihu Ibrahim was unable to assert much authority, with Abacha even refusing to vacate Flag Staff House, the traditional residence of the COAS.

In August 1993 then head of state Ibrahim Babangida appointed Lt. General Aliyu Mohammed as his replacement, but Abacha delayed the change until September to allow General Salihu Ibrahim time to “retire with honor.”

After retirement, he was appointed a Pro-Chancellor and Chairman of council of the University of Ilorin, Kwara State. He became a member of the board of several Companies. As of 2010, he was Chairman of the International Energy Insurance Company.

Kano PDP Chieftain, Dambazau, Parts Way With Kwankwaso, Says He’s Autocratic

Idris Dambazau in red cap| Photo by Daily Nigeria

Commissioner for Special Duties in Kano State and close political ally of former Governor Rabiu Musa Kwankwaso, in the person of Idris Dambazau has parted way with Kwankwasiyya, a political movement formed by the former governor.

Idris Dambazau, who defected to the ruling All Progressives Congress (APC) today, Monday, said at a rally to welcome him to the APC, that former Governor Kwankwaso had been displaying “autocracy, high-handedness and undermining all the Kwankwasiyya achievements.”

The former PDP chieftain indicated that his decision to switch to APC and support Governor Abdullahi Umar Ganduje was borne out of his protest over the choice of Kwankwaso’s in-law, Abba Yusuf, as the PDP governorship candidate in the state.

Idris Dambazau, who appeared at the rally in red cap, later surrendered the cap to be burnt by the governor.

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