CBN Clears More Verified FX Liabilities Backlog

.…Releases $500m To various Sectors By Ebriku John Friday In its determination to address the backlog of verified foreign exchange transactions, the Central Bank of Nigeria (CBN) has released US$500 million to various sectors. This comes barely a week after the Bank paid approximately US $2.0 billion to settle outstanding commitments across manufacturing, aviation, and petroleum sectors. The Acting Director of the Corporate Communications Department at the CBN, Mrs. Hakama Sidi Ali, stated this in Abuja on Monday, January 29, 2024, noting that the Management of the CBN was committed…

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Gov Otu Is Totally Committed To APC Victory In Re-run Elections – Eba

…Warns against anti-party activities Senator Bassey Otu, the Cross River State Governor, his Deputy Right Hon Peter Odey and the All Progressives Congress leadership are all committed to the victory of the party in the re-run elections coming up in the state on Saturday. Addressing stakeholders of Akamkpa/Biase Federal Constituency, Yala 11 State Constituency and Obanliku State Constituency on Monday, Barrister Alphonsus Ogar Eba, the APC State Chairman emphatically declared that the governor is not reticent on the onerous task of leading APC to victory in the elections and called…

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Smear Campaign Against CNS Targeted At Derailing War Against Oil Theft – Reps Deputy Spokesman

The Deputy Spokesman of the House of Representatives, Hon Philip Agbese, has described the petition against the Chief of Naval Staff, Vice Admiral Emmanuel Ogalla, as a tactic to distract and thwart the war against oil theft.  Agbese, speaking to journalists over the weekend, said the petition is the handiwork of some disgruntled elements hit by Ogalla’s reforms and strategic cleansing of the waterways.  Having failed to compromise the CNS, the Rep member said these individuals and groups have taken to smear campaigns to dent Ogalla’s person and office. Agbese…

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Sports Minister Congratulates Amusan On New African Indoor Record In 60m Hurdles

By Ebriku John Friday The Honourable Minister of Sports Development, Senator John Owan-Enoh has congratulated Nigeria’s Tobi Amusan for cementing her place as a sprinting superstar, by storming to a breathtaking 7.77 seconds in the 60-meters hurdles final at the Astana Indoor Meet, a time that shatters the 25-year-old African women’s indoor record. The Minister in a statement on Saturday night, said Amusan’s electrifying performance not only propelled her to a dominant victory, but also saw her erase the legendary mark of 7.82 seconds set by her compatriot, Gloria Alozie,…

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