The National Assembly has warned the Presidency to stop harassing its leaders, in one of the demands it tabled before the Muhammadu Buhari administration, which it insisted must be implemented if it’s not to be forced to invoke “the Constitutional Powers of the Parliament.”
The lawmakers, who met for over three hours in closed door, did not spell out what the “constitutional powers of the Parliament” is but legal pundits said the only power they have is to set in motion an impeachment proceedings against the President.
The demands were listed as part of the outcome of an emergency executive joint session of both chambers of the National Assembly today, Tuesday.
The legislators frowned at the constant harassment of legislators and other political actors, especially those who seem to hold a contrary view from the executive or those who are critical of the executive arm even as they called on the executive to show sincerity in the fight against corruption, adhere to the rule of law and refrain from the “intimidation of Nigerians”.
Below is the detail of the conditions from the Joint Session of the National Assembly:
1.The Security Agencies must be given marching orders to contain all the sustained killings of Nigerians and protect the lives and properties of Nigerians — as this is the primary duty for any responsible government.
2.The systemic harassment by the executive of perceived political opponents — people with contrary opinions in the legislature and the judiciary — by the police and other security agencies must stop.
3.There must be strict adherence to the rule of law and protection for all citizens by the President and all his appointees.
4.The President must be held accountable for the actions of his appointees and must be ready to sanction, those that carry out any act, that will ridicule or endanger the country and our democracy.
5.The government should show sincerity in the fight against corruption by not being selective and also prosecute current appointees that have cases pending against them.
6.The sanctity of the National Assembly should be protected and preserved by the federal government… and prosecute those who invaded the Senate to seize the mace.
7.Democratic elections must be competitive and inclusive by removing the current reign of fear and intimidation — particularly as we approach the forthcoming 2019 elections.
8.The National Assembly will liaise with the international community through the IPU, the APU, ECOWAS Parliament, Pan-African Parliament, EU, US Congress and the United Nations to secure our democracy. The National Assembly will also engage with civil society organisations, trade unions and NGOs to further deepen and protect our democracy.
The President must take immediate steps to curtail the growing level of poverty and unemployment in Nigeria — especially now that we have an advantage of high oil prices.
Both chambers of the National Assembly hereby pass a vote of confidence on the Senate President, the Speaker and the entire leadership of the National Assembly.
We also hereby reaffirm our earlier resolution on the vote of no confidence on the Inspector General of Police, who does nothing but preside over innocent Nigerians with an outright disregard for constitutional authority of both the executive and the legislature.
The National Assembly will not hesitate to invoke its constitutional powers if nothing is done to address the above resolutions passed today.
Aide to ex-President Goodluck Jonathan, Reno Omokri said that heavens won’t fall if the National Assembly impeaches President Muhammadu Buhari.
Reacting to the threat by National Assembly to commence impeachment process against President Buhari, Omokri wanted Senate President, Bukola Saraki and House of Representatives Speaker, Yakubu Dogara to go ahead and impeach him quickly.
Omokri blamed the Senate President and Speaker Dogara for disclosing their intentions, saying: Saraki and Dogara should have “invoke those powers” without disclosing it to the public.
The tweet reads, “When will @BukolaSaraki and @YakubDogara learn? Don’t broadcast your intentions by saying: “Invoke those powers already! Heaven wont fall! Remember history doesn’t repeat itself. Men repeat history.”
A middle aged woman came out of the wreckage of this Toyota Matrix sport car today, Tuesday alive, after it somersaulted five times and landed by the side of the service lane in Gosa village, on Airport road. The woman, who sustained some bruises on her face, entered the service lane from the speed lane with mad speed. The woman was rushed to hospital by good Samaritans and members of the Federal Road Safety Commission (FRSC). [myad]
Nigeria is on the road to Babylon: a place of confusion. Three years ago, the people were convinced that they had found a messiah who will lead them to the Promised Land, and meet all their expectations. Today, everyone is speaking in different tongues; “turning and turning in the widening gyre…the falcon cannot hear the falconer… things fall apart; the centre cannot hold/Mere anarchy is loosed upon the world/The blood-doomed tide is loosed, and everywhere/the ceremony of innocence is drowned…surely, some revelation is at hand…” But just may be, there is still, no cause for despair. The good thing about democracy is that it teaches people lessons – ask them in Malaysia and the United States – and even when the people refuse stubbornly to learn – ask them in Syria, Venezuela, and Libya – the lessons exist nonetheless. But it is a very bad thing not just for democracy but the entire society when the leadership elite ignores apparent lessons and fails the people.
About 23 years ago, we did a series of editorials titled “To save Nigeria.” As our country continues on a journey towards Babylon, such editorials may again be necessary. The pity is that those who are in charge at the centre do not seem to understand this. I once wrote that persons who wield power like a whip – a dated military strategy – that is completely out of place today in a democracy, have surrounded and “captured” President Muhammadu Buhari. But as we can see, their strategy of alienation has failed. This is the biggest challenge facing this government. Each time their strategy fails them; their standard response is to say that the President is not “aware” of whatever transpired. They have been so adept in selling this line to the boss, that the President himself once declared publicly that he was not aware that his Inspector-General of Police ignored, perhaps modified, or changed his instructions and went on a frolic of his own.
Things have not only gotten worse since then, the entire country is in a state of shock, and I won’t be surprised if a funny character shows up before this week runs out to tell us, again, that President Muhammadu Buhari is not aware that the Senate President, Bukola Saraki, the Chairman of the 8th Assembly has been summoned to appear before the Nigeria Police under the authority of the same Inspector-General of Police who has been having a running battle with the National Assembly and its members – first Senator Isa Misau, then Senator Dino Melaye and now Senator Bukola Saraki. It doesn’t take much intelligence to figure out the script: what has happened between the Senate and the office of the Inspector General of Police is much less about the personalities involved but a lot more about the intra-governmental and intra-party crisis that continues to pose a threat to the Buhari government.
No other government in recent times has been this divided and suicidal. I won’t be surprised anyway if some vocal, genetic trouble-makers on social media (specially made in Nigeria since 2015) argue otherwise but let the point be made that President Buhari’s problems have all been self-inflicted, and his loss of favour within and outside government and the party have been due largely to the saboteurs within.
And if indeed President Buhari is not suffering from what Nigerians call “home trouble”, let someone explain to me why the EFCC is fighting the Department of State Security and the office of the Attorney-General of the Federation, why the woman who sees the President first thing in the morning and last minute at night inside “the other room” is fighting a so-called cabal and has had cause to chide her husband publicly, why the legislative arm of government has been systematically sabotaging the Executive arm of government and vice versa, why the security agencies have been busy making enemies for President Buhari, and why the judiciary behaves like a frustrated arm of government, and civil servants have had to condemn the government they should serve as obedient servants. I believe that the chickens have now come home to roost with the latest attack on Senate President Bukola Saraki. The drama has reached its climax.
The Inspector-General of Police has summoned Saraki. It is pubic knowledge that this same public officer, Ibrahim Idris, publicly shunned the Senate when he was asked to appear before it. Now, exploiting the powers of his office as the country’s chief police officer, he has declared that Bukola Saraki has a case to answer at the police station in a typical my-Mercedes-is-bigger-than-you rs fashion, or for the benefit of those who will remember, if you Tarka-me-I-will-Daboh-you. Senate President Bukola Saraki has been called a thief by this administration. He is now being indicted as the Godfather of Offa Armed Robbers. When a government advertises its No. 3 citizen as a thief and an armed robber, whatever happens, it is the country that loses at the end of the day. It is good news that Saraki has agreed to appear before the police to clear his name. It is also good news – coming in as I write – that someone with some grey matter has quickly intervened and introduced a face-saving measure to wit: Saraki no longer has to go the police, instead, the police will go to him and take his statement.
Before that spoilsport intervention, I was already imagining very ugly optics. Imagine: Saraki would have gone to the Police in Abuja with about two-thirds of the National Assembly of Nigeria in tow. Dino Melaye would have led the pack and organize placards. He and the dancing Senator Adeleke could have added a special dance and song to create colour and tragic melodrama. Without knowing it, the Inspector-General of Police would have created a popularity contest between Saraki and Buhari and between the Executive and Legislative arms of the Nigerian government. In the eyes of the world, that will amount to a serious crisis in Nigeria. So, how does the public disgrace of Senator Saraki help us as a country, or Buhari as President?
Somehow, despite the last minute adjustments, President Buhari’s managers have turned almost the entire National Assembly against him. The Speaker of the House of Representatives who has been so far supportive has also been alienated. The days ahead will not only be very interesting with the do-me-I-do-you tango that has been initiated at the highest levels of this government, the developments will have serious implications for the politics of the 2019 elections.
The Executive arm of government, for sure, has alienated the Federal legislature; it has similarly done the same to the judiciary. The humiliation of judges and lawyers was meant to be part of the war against corruption by the Buhari administration but the selective nature of that assault on the judiciary, and the brazen disregard for the rule of law, has left the entire establishment bruised. Not even under the military were the Bar and the Bench so badly treated. It is obvious that the judiciary is beginning to take its pound of flesh especially at the appellate courts. What kind of government would go out of its way to alienate other arms of government?
The media is the fourth estate of the realm. It has not been spared either. In three years, the Buhari government has managed to intimidate, harass and frustrate the Nigerian media, including freedom of expression on the social media. The relationship between this strategic institution and the government of the day has been propelled more by fear and caution rather than respect. Those media houses that used to be very aggressive under the previous administration have gone into a sit down and look mode. I can reveal for free that although a few sections of the Nigerian media are beginning to crawl out of their shells, the prevailing attitude is rooted in the belief that the media will always have the last say, and what we have is a media establishment that is waiting for the right time to take its own pound of flesh. Obviously, nobody is thinking of President Buhari’s legacy and how it will be remembered. “Making Enemies for the President: How President Buhari Won and Wasted the Presidency” would probably be an appropriate title for a future book.
Just imagine the number of enemies that have been made, and how the number increases almost weekly. Do these guys really want a second term? In 2015, the likes of Senator Rabiu Kwankwaso and former Vice President Atiku Abubakar, who had contested against President Buhari during the primaries of the All Progressives Congress (APC) ate the humble pie and supported him. Today, Atiku has left the APC. He is a leading critic of the same government and party that he helped to create and bring to power. Kwankwaso has been declared a persona non grata in the same state of Kano that he delivered to Buhari during the 2015 elections.
In 2015, President and elder statesman Olusegun Obasanjo wanted President Goodluck Jonathan out of Aso Rock by every means possible. He wrote letters, de-marketed the man locally and internationally and he told the whole world: anyone else but Jonathan. Three years later, Obasanjo is an unwanted guest at Aso Rock. The man he helped to bring to power has publicly dissed him. He has himself had cause to offer Buhari a compulsory reading lesson by referring him to a trilogy: My Watch written by him. Buhari’s attack dogs have warned Obasanjo to keep quiet or he would be dealt with. That is like asking for “double wahala” because Obasanjo is also obviously ready for a show-down. He is leading a Nigerian coalition whose ambition is to do in Nigeria what Mahathir Mohamad has done in Malaysia and if he succeeds, he has enough clout to do far more damage with his pen and mouth, than the entire Nigerian media.
So, who is left with President Buhari? Definitely not President Goodluck Jonathan the man who lost power to him in 2015, and who quietly and dutifully handed over, only to be harassed and hounded later. Not the army of Nigerian youths either who supported Buhari and the APC in the 2015 elections only to be dismissed as an idle and opportunistic lot. Definitely not the social media crowd that carried Buhari on its head as if he was a crate of eggs. Many are those who have since apologized openly to Jonathan and Nigerians for allowing themselves to be misled. And certainly not Asiwaju Bola Ahmed Tinubu, the man who corralled the entire South West into the APC alliance in 2015, and who has been rewarded with ingratitude, insults and marginalization.
His relevance in his own immediate political constituency has just been queried with the rejection of the results of the recent APC party congress in Lagos State on wait for it – constitutional grounds. The APC National Working Committee has the guts to tell Tinubu that he is a law-breaker, and if he is not careful, he too will get the Saraki treatment? Really? The same man who risked everything to make the APC possible? But he knows what is good for him though; he has been wisely quiet. The South East has since turned its back on the Buhari government. Rochas Okorocha, the pro-Buhari governor of Imo state has been shown the handwriting on the wall. Other Igbos having seen how their region was turned into a battle-field are quietly waiting for 2019, to use their voters cards in a more informed manner than they did in 2015.
So, really who is left with the Buhari government? Bukola Saraki, with all the humiliation he has received would have to be an “ogbologbo omo ale” (let some twitter trolls translate that for me), to deploy his political structures in support of Buhari in 2019. He won’t anyway. Already, his political group in the APC alliance- the nPDP has declared that it is no longer interested in any further dialogue with the APC Federal Government. They have opted out. As for Tinubu, he would have to be really naive to go before the Yoruba people in 2019 to ask that they should vote for Buhari again. Rotimi Amaechi who was a leading gladiator in 2015 is still hanging in there, but it would be most strange if he were to be seen acting as he did in 2015. Even up North, the APC is in deep crisis in Benue, Kogi, Bauchi, Kano, Adamawa, Kaduna, Taraba, Sokoto, Kebbi and elsewhere. Last week, in Oyo State, the APC lost the bye-election in Ibarapa East and the ones gloating are not PDP members but factional members of the APC! Where the APC and the Buhari government are right now is not a good place to be in the people’s reckoning.
One Jonathanian phoned me the other day and said this is the God of Jonathan at work! I told him: “I won’t talk like that, I mean: #se-o-mo-age-mi-ni”. But I made this point: that it is the dew that will certainly destroy a house made of spittle; as a man sows so he reaps, the laws of nature are constant and immutable and the ways of God are forever mysterious. Nobody is shaking the Buhari-APC table. They are the ones who have on their own removed the legs from their own table. I have said my own. If some herdsmen are looking for me, tell them I am currently in Abeokuta enjoying Iya Sunday’s amala and ogufe! But also tell them that some of the boys at this table are very angry that Buhari has increased the cost of beer, water, and “smoke.” [myad]
Cholera Outbreak Hits Kaduna, One Dies, 55 Hospitalized | Photo by thisdaylive
The Kaduna state Commissioner for Health, Dr. Paul Dogo has confirmed the outbreak of cholera in the Government Girls Secondary School, Kawo, Kaduna North Local Government Area of Kaduna State, with one person already dead and 55 others hospitalized.
The Commissioner said that the deceased student died as a result of diarrhoea and vomiting, a symptom that is associated with the ailment.
He said that 55 other students who showed signs of the ailment have now been hospitalized and are being monitored by a team of medical experts.
Dr. Dogo said the victims are responding to treatment, while 15 of them have been discharged, adding that steps are being taken to contain further spread of the epidemic in the school.
The Minister of Women Affairs, Aisha Alhassan, who last year, openly supported her god-father, Atiku Abubakar in his ambition to rule Nigeria under the Peoples Democratic Party (PDP), has turned her back on him, singing a new song of “All Progressives Congress (APC) will rule Nigeria forever.”
Aisha Alhassan, who was addressing news men shortly after the inauguration of the chairman of the APC in Taraba State today, Monday in Abuja, said that the APC would not only win the presidency but more states in 2019.
She indicated her intention to contest for the governorship slot in Taraba, which she lost in 2015. The minister, who is popularly known as ‘Mama Taraba’ said that the APC´s coming national convention would be peaceful.
“Crisis is normal in a big party like APC, once we can do our national convention, then we face the opposition PDP and I assure you that APC will win more states like Taraba in 2019.
“I will make sure that in my zone, I follow up and by God’s grace, Gombe and Taraba (states) will be taken over in 2019. And don’t even talk about Nigeria because it’s already APC and it will continue to be APC forever.”
‘Mama Taraba’ argued that she won the election in 2015 ”but wasn’t destined to be governor.”
“I won the 2015 election, everyone knows that, even the Peoples Democratic Party. I will re-contest the election again in 2019 if God keeps me alive and well.
“It is God that gives power to whoever he desires, I won the election 2015, but God did not give me power. I will keep trusting in him and the grassroots people of Taraba and God willing, I will win the election,” she said.
Speaking on the APC factions in Taraba State, she said: “I have a right to choose who becomes the chairman of the party in the state; There is no faction in Taraba. We are very much together, there was no love lost in the state, we were never divided. It was all about political interests.”
The fire brand female politician caused a stir a few months ago when she said she would support the presidential bid of a former vice president Atiku Abubakar in 2019 even if her principal, President Muhammadu Buhari decided to run.
Abubakar has since left the ruling party for allegedly being sidelined by the APC leadership.
She referred to Atiku Abubakar as her political godfather. She ruffled some nerves when she said President Buhari had not indicated that he would re-contest. Buhari has since done this.
The minister was later summoned by the National Working Committee, NWC, of the APC in a bid to clarify her controversial statement.
In a follow-up interaction with reporters a few days later, she said she was not scared of losing her job over her statements adding that President Buhari would not be swayed by her traducers seeking sanctions against her.
The Kaduna State governor, Nasir El-Rufai, and his Ogun State counterpart, Ibikunle Amosun, tackled her, days later saying that she (minister) had ”never believed in the Buhari ideology”.
‘Mama Taraba’ on January 14. denied speculations that she is planning to dump the APC.
The minister also pledged allegiance to President Muhammadu Buhari, saying “I am and I will continue to remain in APC.” [myad]
Members of the House of Representatives ad hoc committee one day investigative hearing on the reason for the failure of Ajaokuta Steel Company in Kogi State were surprised to hear that the Nigerian federal government has been losing about $4.5 billion which should have come into the Federation Account.
Former Director General of Nigcomsat, Ahmed Rafai, who made this known at the public hearing of the ad hoc committee, headed by House Leader, Femi Gbajabiamila, emphasized that Nigeria should be earning $4.5 billion annually as foreign exchange if the Ajaokuta steel Company were to be in full production.
Ahmed Rufai said that of the 1.7 billion tons of steel produced worldwide, Nigeria could produce an initial output of 1.5 percent of world output and increase it to 5.2 percent at full capacity eventually.
Lawmakers and other stakeholders called on President Muhammadu Buhari and Economic and Financial Crimes Commission (EFCC) to revisit the probe of asset stripping at the Ajaokuta Steel Company Limited (ASCL).
According to them, the President should visit Ajaokuta with the view to take informed decisions.
A legal practitioner Natacha Akpoti, spoke of the need to prosecute promoters of the shell companies bidding for the company for economic sabotage, saying that the son of a late former Head of State and a serving Governor were responsible for the lingering crisis in the steel complex.
She also said there is the need to investigate Nigerian saboteurs making Ajaokuta unrealistic.
”Shockingly, it must be noted that Ex AGF Adoke memo mentioned in item 6. (a) that: ‘In light of the fact that a presidential committee had estimated damages payable to Global in the region of $525m, the agreement of Global to wave its right to damages is a substantial achievement.”
In his presentation, Bawa Bwari, Minister of State for Mines and Steel confirmed that the N2 billion was included in the 2017 budget for audit was part of the concessionning process, adding that between $500 million and $1 billion is expected to complete the project.
Samaila Akaaba, ASCL Sole administrator, in an earlier presentation said about $635 million required to complete the two percent left undone based on the internal audit conducted by the ASCL management in synergy with two Ukrainian firms and Nigerian Society of Engineers (NSE)
According to him, based on the audit conducted in 2010, about $800 million is required to complete the internal and external infrastructure of Ajaokuta Steel company.
Gbajabiamila in his opening remarks spoke of the resolve of the House towards the industrialisation of Nigeria through a steel based socio-economic and infrastructure development.
“We all known that any country that has not migrated to the level of steel production development has not started as a true independent nation and that such national interest us the only religion that is pursued.”
“Hence, a nation without a steel development production capability will only be playing at the periphery of world industrialized countries.”
The Minister of Budget and National Planning, Udo Udoma has said that President Muhammadu Buhari is not in a hurry to sign the 2018 budget as he is studying the contents critically.
The minister, who spoke to news men at the Presidential Villa, Abuja, today said: “the President is currently reviewing the budget. As you know, we have a minimum window of 30 days.”
Udoma said that as soon as the President completes reviewing the budget and is satisfied with the contents, he would assent to it.
“The President is currently reviewing it and as soon as he is through, he will sign it. That is what l can tell you for now.”
The two chambers of the National Assembly had recently passed the budget and transmitted it to President Buhari for his assent. [myad]
The Lagos State Government has announced that it has achieved an average monthly Internally Generated Revenue (IGR) of N34billion in 2018 compared to monthly averages of the last three years.
Commissioner for Finance, Akinyemi Ashade who disclosed this at the ongoing annual Ministerial Press Briefing to mark the third anniversary of Governor Akinwunmi Ambode’s administration held at Bagauda Kaltho Press Centre in Alausa, attributed the gradual improvement to the impact of the ongoing reforms and growth in the State’s economy.
“Notably, we are recording gradual improvement in our average monthly IGR in 2018 compared to the levels achieved in previous years due to the impact of ongoing reforms and growth in the State’s economy. Based on our first quarter results, Lagos State has so far achieved an average monthly IGR of N34billion in 2018 compared to monthly averages of N22bn, N24bn and N30bn in 2015, 2016 and 2017 respectively.”
The Commissioner expressed optimism that the IGR would continue to rise even further as the State continues to implement the various reforms, driven by wider technology adoption and innovation, adding that the target to grow the State’s IGR to N50bn by next year was well on course.
“The target we set for ourselves is N50billion but we all know the kind of push backs we have experienced including people going to court and all that. Our commitment is not for now, its for the future of Lagos. We know it’s a marathon, we would win some and we would lose some, but we are very committed towards ensuring that we meet the target, but if we don’t meet it this year, definitely there would be another year, but we believe we would succeed in that target we set for ourselves,” Ashade said.
On Federal Transfers, he said since Lagos joined the league of oil producing State, the Government had received a total of N327million revenue, comprising N197million and N130million received in 2017 and first quarter of 2018 respectively.
“Furthermore, we are in ongoing discussions with the Federal Government towards obtaining a refund for expenditure totalling N51billion that was incurred by the State Government on behalf of the Federal Government for infrastructure projects developments in the State. We are optimistic of successful discussions that will result in the approval and payment of the amount owed to the State Government by the Federal Government,” he said.
Giving an update on the State’s Debt Profile, Ashade said the Government’s debt stock, comprising 48 per cent local debt and 52 per cent foreign debt currently stood at N874.38billion at the end of 2017 while the debt service charge to total revenue ratio which stood at 17.61 per cent was still within the World Bank threshold of 30 per cent.
The Commissioner said the State Government has continued to maintain a positive credit rating, however, adding that a downgrade of Nigeria’s sovereign rating would lead to a corresponding action on Lagos’ international drawing rights.
“As Nigeria continues to improve on its credit rating, we would be able to achieve better rating as we currently have because no amount of revenue generation, no amount of employment growth of Lagos State can make us surpass to surpass the sovereign rating,” he said.
He, however, said that the State Government has taken some strategic steps to help Nigeria improve on its ratings including adhering to fiscal discipline, improved revenue generation, reforms in infrastructure development, transport and embedded power.
Giving an update on the revised Land Use Charge (LUC), Ashade said the State Government has continued to engage critical stakeholders in line with its tradition of inclusive governance, adding that a wide range of response have been received.
He said the extensive discussions led to several concessions on Land Use charge for property owners across board, adding that a revised bill to further amend the LUC Law to incorporate the additional concessions was presently before the House of Assembly and would be passed soon.
Besides, the Commissioner said the Government through the LUC Assessment Appeal Tribunal, received a total of 1,503 complaints, out of which 1,113 were successfully resolved administratively and through mediation, adding that an additional 263 property owners/agents had their grievances resolved in the last two weeks and more still ongoing.
Ashade also urged residents to continue to support the government by fulfilling their civic duty of paying their taxes and remitting all taxes collected on behalf of the Government as and when due, assuring that the present administration was committed to maintaining financial accountability and transparency for the overall development and prosperity of the State.
Operators of Bureau De Change (BDC) in the country are now free to buy the United States dollar from the Central Bank of Nigeria (CBN) at the rate of N357 to a Dollar and sell at N360. This will leave them with a positive margin of N3.00 per dollar sold.
The Acting Director in the Corporate Communications Department of the apex bank, Isaac Okorafor who confirmed the development today, Monday, said that the decision was aimed at giving BDCs a level playing field to enable them compete favourably with other authorized foreign exchange dealers.
Okorafor advised BDC operators to abide by the new guidelines and not seek to exploit eager customers by selling above the N360 band, just as he warned that erring BDCs will be sanctioned in any case of infraction established against them.
It will be recalled that the CBN, in March 2017, had released a Forex policy, under which it directed licensed BDCs in the country to purchase forex from it at the rate ofN360 to a dollar, while selling same to customers at no more than N362/$1.
At the time of the directive in 2017, the aim of the Bank was to achieve convergence between the rates in the inter-bank window and that of the BDCs. With the rates in both windows now virtually converged, the objective of the Bank is to ensure a level playing field and sustain the level of liquidity in the forex market.
Meanwhile, the CBN in its first sale of the month today, Monday, offered the sum of $100 million to dealers in the wholesale segment of the market to meet the requests of customers. Similarly, the Bank sold the sum of $55 million each to customers in the Small and Medium Enterprises (SMEs) window as well as those in the invisibles segment.
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