NEWS

CBN Stops Sales Of Forex To Bureax-De-Change

PRESS STATEMENT ON FOREIGN EXCHANGE DEPOSITS  IN COMMERCIAL BANKS AND SALES TO BDCS BY GOVERNOR GODWIN I. EMEFIELE—JANUARY 2016 1. Good afternoon ladies and gentlemen and welcome to the Central Bank of Nigeria (CBN). The Management of the Bank has called this Press Conference to give you updates on recent developments in our Foreign Exchange Market as well as the decisions we have taken to ensure that we continue to strive to attain our mandates as set out in the CBN Act of 2007. In order to do so, let me first give you a brief overview of both the global and domestic

NEWS

Why We Released Jafaru Isa – EFCC

Press statement from EFCC The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to a statement by the National Legal Adviser of the People’s Democratic Party, PDP, Mr. Victor Kwon, alleging compromise and political witch hunts in the release of a chieftain of the All Progressive Congress, APC, Brigadier-General Jafaru Isa, (retd) by the EFCC. (more…)

NEWS

Unilag Purchases New Beds, Fumigates Hostels (photos)

Remember last year, there was a protest in the University of Lagos over terrible beds, bed bug pandemic and the sorry state of the halls of residence which gained coverage in Punch Newspaper, Linda Ikeji's blog etc. Well the school management has commenced changing the beds in the hostel and fumigation. While this is viewed as a commendable step in the right direction, the fate of the students who led the protests hang in the balance as they have been summoned to face disciplinary action for dragging to the mud the image of the university. While these students may face