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CBN floats Naira

Published in NEWS June 16 2016 0

The Central Bank of Nigeria (CBN) Wednesday announced what it termed the “automatic adjustment mechanism of the exchange rate” in a flexible foreign exchange regime aimed at reducing the pressure on the Naira.


There are indications that the wife of the gunman who killed forty-nine people at a gay nightclub in Orlando, Florida could face charges in connection with the attack.


 
It appears that efforts to ensure improvement in security in Abua-Odual Local Government Area of Rivers State to enable inhabitants who fled some of the communities to return are yielding results.


In another development; the EFCC has slammed a seventeen-count charge against the spokesman of the PDP Presidential campaign in 2015, FEMI FANI-KAYODE.


EFCC Raids Obanikoro's Home

Published in NEWS June 15 2016 0

This report says operatives of the Economic and Financial Crimes Commission have raided the Lagos home of former Minister of State for Defence, MUSILIU OBANIKORO.


On the foreign scene; the defeated presidential candidate in Congo-Brazzaville JEAN-MARIE MICHEL MOKOKO has been arrested.



In sports; lack of funds is threatening preparations by Nigerian athletes to compete in the forthcoming Olympic Games in Brazil.



A partial restriction on the operations of motorcycles has been imposed across Emohua Local Government Area in Rivers State.


The Senate President, BUKOLA SARAKI, has again mounted pressure on the Chairman of the Code of Conduct Tribunal, DANLADI UMAR to disqualify himself from his trial over alleged false declaration of assets.


The Federal Government has barred banks in the country from giving loans to state governments.



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