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CBN Warns Against Rejecting, Reduced U.S Dollar Denominations

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The Central Bank of Nigeria (CBN) has falsified all Deposit Money Banks (DMBs) and Bureau de Change operators from the nation to accept both old show and reduced denominations of United States Dollars which are legal tender for deposit in their own clients.

This became necessary following complaints by the public about the rejection of old/lower denominations of their U.S dollar invoices by deposit money banks and other licensed forex traders.

It further advised all foreign exchange traders to desist from defacing/stamping U.S Dollar banknotes as such notes constantly fail authentication evaluation during processing/sorting.

Rejection of Lower Denomination of Dollar

Chief of Naval Staff, other officers, Nigerian Navy hold retreat in Abuja

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The Retreat was attended by the Chief of the Naval Staff (CNS), Primary Staff Officers at NHQ, Flag Officers Commanding (FOCs) and commanders of surgeries foundations, while the remainder of the NN units, ships and institutions participated virtually through Zoom video conference connection.

The topic of the Retreat was “Effective Management for Nigerian Navy Operational Efficiency,” with a specific focus on the function of decision-making, comments mechanism and fund in engendering successful direction across all levels of control from the NN.

He noticed that the lectures have been discussed by means of a Panel, while opinions, donations and clarifications were made by participants in NHQ in addition to virtual participants throughout all levels of control in the NN.

Thereafter he included flag officers and commanders of operational foundations who gave a short on actions and challenges of the orders with special emphasis in their tasking and plan of activity to the actualisation of their CNS Strategic Directives.

In the conclusion of this 2-day occasion, which had been adjudged to be a massive success, some settlements were adopted and reached, which can be outlined in this Communiqué.

It was generally agreed that the Naval Headquarters was to launch Campaign Planning Cells which are to present using marine strategic quotes for the behaviour of operations across different levels of control to improve NN capability to efficiently discharge its inherent functions. Participants also agreed that NHQ would be to lobby the Grand Strategic Level of Control for the Acquisition of a new frigate to function as Flagship to substitute the Nigerian Navy Ship ARADU and enhance NN Order of Battle.

Read also: NIMASA Commends Nigerian Navy on the Enforcement of New Anti-Piracy Law

He explained “the escape also consented that NHQ was to consummate Memoranda of Understanding with Original Equipment Manufacturers such as Messrs MTU of both Germany and Messrs Yamaha of Japan to enhance the access to spares for enhanced platform accessibility to efficiently secure Nigeria’s marine domain”

He noted the Retreat also advocated for the establishment of a ‘Fundamental Maritime Operations Course’ for junior officers and evaluations from the NN to enhance human capacity for the behaviour of successful maritime operations.

He added that Naval Headquarters also promised to standardise the gear holding of operations controls and foundations to enhance the combat readiness and logistics assistance from the NN for improved operational effectiveness.

He explained, “Commanders at different degrees were also tasked with leverage existing strategic partnerships to improve their operational readiness and keep continuous liaison with different stakeholders, such as host communities which are crucial to their actualisation of NN aims and objectives”.

Commanders were to additionally guarantee they collect incontrovertible proof of infractions prior to detaining any boat at sea in addition to reinvigorate present mechanics emplaced to ensure appropriate liaison and timely exchange data to counter neighbouring and liquid threats which exceed geospatial boundaries of orders in the NN.

Read also: Meet the Navy Personnel who gunned down five armed robbers in Calabar

At length, the CNS billed commanders and staff officers at all levels to emplace sufficient steps to ensure sensible utilisation of delegated resources from the discharge of the responsibilities, as the NN beneath his watch could have zero tolerance for wastages, indiscipline and incompetence.

The Director-General of NIMASA Calling for help on maritime security

The Director-General of this Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh, has emphasized the need for the participation of judges, attorneys, and other applicable prosecuting agencies in the accomplishment of marine safety.

According to a statement issued by the bureau on Monday, Jamoh made this known in the inaugural edition of this Nigerian Admiralty Colloquium themes achieving marine security, safety, and transport development’.

The NIMASA manager explained that the bureau had obtained a judgment against 10 offenders, and three of whom were foreign nationals and seven Nigerians.

He explained that they had been sentenced to a seven-year prison sentence each for marine offences on Nigerian waters, also noting that by May, the bureau was optimistic about a different ruling.

Jamoh was optimistic that with all the newest alliance with the judiciary through legal tools set in place to prosecute offenders, more results could be gained.

He explained the subject of the colloquium was aggressive because using all the Deep Blue project being released by the government, problems of marine crimes on Nigerian territorial waters could be detained.

Jamoh added that by next year, the reach of the colloquium will be enlarged to add Justices of the Supreme Court.

Read more: NIMASA Commends Nigerian Navy on the Enforcement of New Anti-Piracy Law

He noted that the communiqué issued from the judges a year ago was introduced to the National Assembly for required amendment.

Jamoh stated, “We are delighted to announce the communiqué issued by the judges throughout the conference held the preceding year around the SPOMO ACT has been introduced to the National Assembly for required modification as indicated by the judges.

“This means that the first landmark and the advancement of the distinct judicial proceeding which connect with the marine market.”

Based on Ladan, the 2019 first-quarter report from the International Maritime Bureau revealed that Nigeria, with a coastline of approximately 800 km, was labelled as a piracy hotspot since the nation’s waters alone accounted for 22 from 66 piracy events reported worldwide.

To deal with this worrying situation, he called on all stakeholders such as law enforcement agencies, especially the navy as well as the judiciary to participate in their admiralty law series so as to seek out a long-term solution to the challenge.

 

BREAKING:  Private University has been attacked and Students Kidnapped In Kaduna, Gunmen

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The academic establishment, Green Field University, is situated across the Kaduna–Abuka Highway at Chikun Local Government Area, as well as the first private college in the nation, established three decades back.

The most recent episode is the first big assault that bandits will start on communities across the Kaduna-Abuja Highway because 300 female soldiers have been set into the overall place in January this year.

Read also: Oyo Police arrest 5 suspects over assault on Ibadan residents

But, eyewitnesses, said the gunmen stormed the college last night and began shooting sporadically, prior to shooting a few of the students off.

The natives said that the college with approximately forty students population doesn’t have sufficient security on the floor, despite being found in one of the epicentres of kidnapping, a scenario that they think made it a lot easier for its bandits to obtain easy entry to the establishment.

Recently, Kaduna was confronting series of attacks by bandits such as assaults on colleges.

On March 11th, they assaulted the Federal College of Forestry Mechanization Afaka at the Igabi Local Government Area of the country and kidnapped 39 pupils.

While ten from this amount have been published, the destiny of the rest of the ones still hangs in the balance.

Chadian president, Idriss Déby dies in battle with rebels

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Chad’s longtime President Idriss Deby has died of wounds suffered on the front line in the country’s north, where he had gone to visit soldiers battling rebels, the armed forces said.

Deby, 68, “has just breathed his last defending the sovereign nation on the battlefield” over the weekend, army spokesman General Azem Bermandoa Agouna said in a statement read out on state television on Tuesday, a day after Deby was declared the winner of a presidential election.

The exact circumstances of Deby’s death were not immediately clear. The army said the president had been commanding his army at the weekend as it battled rebels who had launched a major incursion into the north of the country on election day on April 11.

Agouna also said a military council led by the late president’s 37-year-old son, four-star General Mahamat Idriss Deby, would replace him. A curfew has been imposed and the country’s borders have been shut in the wake of the president’s death.

Experts say that under Chadian law, the speaker of parliament should have taken power after Deby’s death and not his son.

Appreciating Faisal’s Transformational Leadership

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By David Onmeje

Sometime in 2020, the Director- General of the World Health Organization (WHO), Dr. Tedros Adhanom, wisecracked; “Without health, people have nothing; without health, we have nothing as humanity.” Unmistakably, the global health specialist, again re-echoed the indispensability of an excited and happier humanity only when it is steeped in good health.

Nigeria is Africa’s most populous nation and with a population of over 200 million people, issues of public health have always been the concern of successive Governments in the country. Public healthcare delivery is also topmost on the cards of President Muhammadu Buhari’s administration. Firstly, Mr. President vowed to vacate Nigeria’s inglorious status as a nation still plagued by poliomyelitis (wild poliovirus) pandemic.

And after a painstaking search, President Buhari appointed Mr. Faisal Shuaib, a medical doctor; homebred and later, American-trained public health specialist as the Executive Director/Chief Executive Officer (CEO), National Primary Health Care Development Agency (NPHCDA) in January 2017. He parades unimpeachable records in management of public health issues globally. Dr. Shuaib spent productive time and years at the Bill and Melinda Gates Foundation (BMGF) Seattle USA, as a Senior Program Officer, where he excelled.

At BMGF, Nigeria’s NPHCDA boss now, mastered the rudiments of developing and implementing strategies on polio outbreak response in Africa. So, his 2017 job in Nigeria was like walking on a familiar terrain with a wave of the hand. Frankly, dealing with Nigeria’s largely rural based population and a citizenry with diverse cultures and religious beliefs were nightmares beyond the proverbial storm in a tea cup.

But the leadership of NPHCDA fell on a seedy soil in Dr. Faisal Shuaib. He was extremely worried at the dearth of quality Primary Health Care (PHC) services in Nigeria generally. He voiced it at several fora that Nigeria only takes care of about 20%, instead of at least 70% of primary healthcare delivery to the people. So, he sought to change the narrative and today, most State Governments in Nigeria have prioritized PHC services as the fulcrum of Government, thus lessening the burden on secondary and tertiary health institutions.

In spite of the difficulties, Dr. Faisal Shuaib braved the odds very courageously with a mind fixated on success to end the plaque of wild polio in Nigeria. Therefore, in June 2020, the Africa Regional Certification Commission, an independent body mandated by WHO to oversee and certify the African region as polio-free, declared Nigeria as absolutely exculpated from the endemic poliovirus.

Nigeria was the only country on the African continent which withheld WHO’s certification of polio eradication. But Dr. Shuaib untied the knot in the collaboration with USAID by strengthening national health infrastructure systems and immunization. He faithfully and victoriously battled the scourge of poliovirus.

Upon defeat of poliovirus, Dr. Shuaib heaved a sigh of relief and excitedly exclaimed; “An amazing moment in our history…The Nigeria team led by NPHCA and partners demonstrated evidence of our polio-free status.” It was a earth-shattering point in Nigeria’s public health history.

But the eradication of the troublesome and somewhat, disgraceful wild poliovirus was merely Dr. Shuaib’s litmus test. No one, including soothsayers had an inkling of an impending and more dangerously explosive public health issue, which manifested with the outbreak of the global COVID-19 pandemic. When COVID-19 broke out, it shuddered the world, massively spreading and killing. For the first time in a long while, even developed economies and nations with sophistry in medical technology bowed to the might of a deadly health scourge.

Luckily, through Dr. Faisal Shuaib’s astuteness and leadership ingenuity at NPHCDA, Nigeria has gone down in world history books as a country, which effectively controlled and managed the outbreak of COVID-19 pandemic. It shocked other nations of the world that Nigeria had a little over 157, 000 confirmed cases of COVID-19 and less than 2,000 deaths, from the pandemic; whilst other countries around the globe recorded millions of infected people and deaths.

However, Dr. Shuaib proved his leadership mettle more translucently when COVID-19 vaccine was developed and certified by WHO for the immunization of people to curb the spread of coronavirus globally. In Nigeria, regressive partisanship, cultural and religious beliefs or prohibitions combined to frustrate or stifle the vaccination of Nigerians.

Indeed, some skeptics and doomsayers predicted a failure of the Buhari Presidency to effectively administer the initial 3.92 million doses of the Oxford/AstraZeneca vaccine on the people. Mr. Cheta Nwanze, of the Lagos-based risk consultancy firm, SBM Intelligence, bluntly proclaimed through an email; “There are quite a number of factors that work against Dr Shuaib’s hopes. We don’t have the money, and the infrastructure to distribute this amount (sic) of vaccines.”

Impressively though, the NPHCDA boss has disappointed his critics and perpetual wailers. While his adversaries mouthed all manner of insanities, it least occurred to them that a famed horse rider was on the horse in Dr. Shuaib’s personage.

In 2014, Dr. Shuaib was the main pillar of Nigeria’s successful response to the outbreak of the Ebola Virus Disease (EVD), as the Head/Coordinator of the Ebola Emergency Operation Centre (EEOC). He established comprehensive structures that provided quality diagnostic, treatment, care and monitoring of EVD patients’ contacts with friends and family members.

Therefore, superintending on the administration of the COVID-19 vaccine immunization on Nigerians was another familiar turf and merely icing of his cake, unknown to his critics. When Nigeria took delivery of the initial 3.92 million doses of the COVAX facility on March 2nd 2021, trailing after Ghana and Cote d’Ivoire, Dr. Shuaib knew, another national assignment has beckoned on him to save humanity.

Faisal Shuaib rolled out a masterplan and procedures for the COVID-19 vaccination administration. The NPHCDA boss is steadily executing it and hopes to vaccinate 40% of Nigeria’s population of over 200 million by the end of the year 2021, and to achieve the feat of 70 % by 2022, with subsequent receipt of the doses of the COVAX facility.

Storage facilities and distribution of the COVID-19 vaccines throughout the federation, especially in rural communities were the haunting nightmares of Nigerians. The vaccines require a cold storage temperature of about 70 degrees Celsius in ultra-cold chain equipments, in a country still grappling with the problem of epileptic public power supply. But Dr. Shuaib perceived it as the least among the motley of problems confronting him. So, he engaged the services of the private sector for ultra-cold storage facilities for storage and distribution of the vaccines. So, no Nigerian has complained of an expired COVID-19 vaccine administered on him.

Dr. Shuaib set his targets and priorities perfectly. His first obsession was vaccinating medical doctors and public health workers as well as other publicly exposed workers. So, with vociferous public campaigns, preachments and involvement of all public health stakeholders, the NPHCDA boss has crossed the benchmark of success in the administration of COVID-19 vaccines in the country.

Nigerians have now broken the protocols and timelines Dr. Shuaib fixed for the gradual vaccination of different categories of people, depending on the delivery of the COVAX facility. COVID-19 vaccines are now crazily sought by Nigerians in every state and everywhere. A 42-year-old medical doctor, Mr. Ngong Cyprian, exclaimed after taking the vaccine; “I want everybody to be vaccinated. I am happy to be the first and I am happy I am not the last.”

But the best part of Dr. Shuaib’s leadership of NPHCDA is that has ensured every COVID-19 vaccine landing in Nigeria is duly tested, certified and approved by relevant local and international bodies as safe and effective for use by Nigerians. The agency is actively working with NAFDAC, and other sister agencies to ensure Nigerians get the best in protection of public health.

Therefore, President Buhari never made a mistake by reappointing Dr. Faisal Shuaib for a second term in January 2021. With him at NPHCDA, the coronavirus pandemic is no longer a mystery to Nigerians. #StaySafeCoronavirusIsReal!

Onmeje is a UK based public affairs analyst. Email: daonmeje@outlook

Printing of N60 billion by the Central Bank of Nigeria (CBN): PDP flayed the Minister of Finance

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The Peoples Democratic Party (PDP) has condemned what it referred to as a “recreation of deceit, falsehood and concealment of details” on the alleged indiscriminate printing of N60 billion by the Central Bank of Nigeria (CBN).
It requested President Muhammadu Buhari to take responsibility for the harm being prompted on the economic system by the mentioned printing.

In a press release by its National Publicity Secretary, Kola Ologbondiyan, the PDP is known for the fast elimination of the Finance Minister, Zainab Ahmed, for allegedly trying to hide the information in regards to the printing.

The PDP asserted that the admission by the CBN Governor, Godwin Emefiele, that ‘the apex financial institution has been printing cash on the bidding of presidency’, has vindicated its earlier stand that the Buhari-led APC administration was characterised by concealments, deceit and falsehood.

Read also: Federal High Court, Abuja orders CBN to immediately unfreeze 20 bank accounts linked to protesters and promoters of #EndSARS and police brutality

The PDP flayed the Minister of Finance, Price range and National Planning, for making an attempt to mislead Nigerians by denying the revelations by the Edo State Governor, Godwin Obaseki, that N60 billion was printed in March to assist federal allocation to states.

The opposition gets together mentioned: “Obaseki, as a monetary skilled, who isn’t recognized for flippancy, should be recommended for his act of patriotism in exposing the dire financial state of affairs into which our nation has been plunged by the Buhari administration.

“A scenario the place the Federal Authorities can not articulate and implement insurance policies beneficial to wealth creation however resorting to borrowing and indiscriminate printing of foreign money notes solely goes to additional affirm that the Buhari administration lacks the credibility and capability to run a nation.”

The PDP additional is famous that the admission by the CBN governor that “Nigeria is sadly in a really unhealthy state of affairs” additional justified its place that the Buhari-led APC administration has wrecked Nigeria’s financial system, saying it was apprehensive over the massive unfavourable effect of indiscriminate printing of forex, which is famous, has led to the unprecedented rise in inflation fee to 18.17 per cent as disclosed by the National Bureau of Statistics (NBS) final Thursday.

“This example has led to additional financial hardship with surging costs and fallen buying energy throwing tens of millions of households in misery and unable to afford the essential requirements of life,” it added.

The PDP referred to as out President Buhari to come back clear on the quantity that has been printed to this point by the CBN to finance the deficit attributable to the monetary “mismanagement” of his authorities in addition to what the funds had been used for, including: “Moreover, for failing the complete disclosure check, the PDP calls for that the Minister of Finance ought to instantly be relieved of her place, whereas the President accepts accountability for the indiscriminate printing of forex in our naira.”

The social gathering implored President Buhari to save lots of the nation by permitting higher fingers to handle and salvage the financial system earlier than it’s too late.

In an associated growth, the Edo State chapter of the social gathering has thrown its weight behind Obaseki, calling on the Federal Authorities to finish the nation’s present financial rascality with a view to stopping the prevailing financial problem from degenerating additional.

Read also: CBN states reasons why cryptocurrency trading in Nigeria is banned

Addressing journalists in Benin Metropolis, its Chairman, Tony Aziegbemin, stated the governor’s assertion was a get-up name for all patriotic Nigerians and coverage makers to placed on their considering caps earlier than the state of affairs will get out of hand.

Aziegbemin mentioned the nation’s financial system was in dire want of surgery as expressed by the state governor, including that the PDP believes and shares the identical opinion with the governor.

In the meantime, the Youth Celebration Nigeria (YPN), yesterday, urged the Federal Authorities to step up efforts to deal with insecurity, assessment a few of its financial insurance policies and take pressing measures in direction of reforming key sectors of the Nigerian financial system in order to sort out rising inflation and alleviate the sufferings of Nigerians.

In an announcement made out there to journalists in Benin Metropolis, YPN Chairman, Tomiwa Aladekomo, expressed disappointment over the alleged mismanagement of the financial system by the Federal Authorities, which it famous has continued to drive inflation and unemployment up, thereby inflicting ache and hardship on residents.

Aladekomo, whereas charging the federal government to assist macroeconomic insurance policies that may drive development, additional known as for a deliberate coverage of investing in infrastructure, amongst others, to ease the technique of doing enterprise within the nation.

It is famous that the APC-led authorities have did not ship actual dividends of democracy to residents of the nation, including that each index of social and financial growth within the nation have been unfavourable.

Pay N100 for gallon before I can sell fuel to you: fuel station attendant

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By Udume Chibueze
The rate of fuel scarcity in some parts of the country is alarming. Most filling station predict of fuel scarcity and as such refused to sell fuel. They bloodily fail to sell in other to make double profit.

On Friday, Some filling station like Silveray Resources LTD located at old Karu road, Abacha road, Mararabar that decided to sell has taken the advantage to be collecting #100 from the individual that is buying fuel with gallons as an extra charge for gallons.

The customers are angry for paying #100 before they can buy fuel.

The customers have blamed the act on the power and electricity supplier who has refused to supply electricity at when due.
70% of the population blamed Buhari as the origin of the problem in the country.

What can Nigerian citizens do? They have to subject themselves to wait patiently and pay the #100 to buy the fuel. Going to buy fuel in the filling station these few days is like going to work in the morning and come back home in the evening.

There is a heavy queue and most people have been beside the filling station for more than four to five hours waiting for their turn.
Most people waited for about 3hours and could not wait longer as such go home without the fuel ” what a waste of time – time is money” economy of the country is dwindling because the Nigerian federal government has made the citizens live in a bandage on their father’s land.

Apart from the killing by bandits, hunger is killing more people in Nigeria. The citizens are dying. There is excess hunger in the country.

The citizens are calling out the federal government for help.
The lowest money in the county is N5 but could not buy anything in the market, even the smallest children sweet.

The Nigerian currency has been devalued and things in the market are extremely high. Most companies that can provide a job for the citizens have been folder and the standing companies find it difficult to pay their staff.
What a bad Government?.

Nigeria has been rated as number 1 importer commercial services in Africa by WTO

Nigeria has been rated as the number 1 importer of commercial services in Africa by WTO

The World Trade Organisation, WTO, on Friday ranked Nigeria because of the primary importer of economic providers in Africa for the year 2020.

That is contained in knowledge launched by the worldwide commerce organization led by Dr. Ngozi Okonjo-Iweala.

The organization additionally ranked Nigeria as the twenty-fifth industrial importer on this planet.

Nigeria is carefully adopted by Egypt which was ranked twenty-eighth on the planet.
Whereas Egypt and Morocco made the listing of world exporters led by the USA, Nigeria was conspicuously absent within the world business exporters’ listing.

Read also: WTO: PDP congratulates Okonjo-Iweala, thanks President Buhari putting nation above party politics

The US additionally ranked first within the industrial importers’ checklist adopted by China, United Kingdom and Japan whereas the US, UK, China and India topped the exporters’ record.

WTO famous that preliminary estimates have been based mostly on quarterly statistics.

“Figures for the variety of international locations and territories have been estimated by the Secretariat,” it stated.

“Information for 2020 usually is not but accessible for the United Arab Emirates. In 2019, industrial companies exports had been valued at US$ US$72 billion and imports at US$ 73 billion,” WTO added.

President Muhammadu Buhari has returned to Abuja after a profitable medical examination in the UK.

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President Muhammadu Buhari has returned to Abuja after a profitable medical examination in the UK.

The story has it that the presidential aircraft that conveying the president and a few presidential aides landed on the Presidential Wing of the Nnamdi Azikiwe International Airport Abuja at about 4.45 p.m.

These on the airport to welcome the president included the Chief of Staff to the President, Prof. Ibrahim Gambari, the Minister of the Federal Capital Territory (FCT), Malam Muhammed Bello, and the National Security Adviser to the President, retired Maj.-Gen. Babagana Monguno

Others have been the service chiefs, acting Inspector General of Police, Usman Baba, the Director-General, National Intelligence Agency (NIA), Ahmed Rufa’i, the Director-General of the Department of State Services, Yusuf Bichi and other presidential aides.

It is reviewed that the president, after a quick welcoming ceremony at the airport, boarded a presidential helicopter that conveyed him to the Presidential Villa.

President Buhari had on March 30 departed Abuja for London, United Kingdom, for routine medical verify-up.