BDCs: End of the Road

The Central Bank of Nigeria, CBN and the Association of Bureau de Change Operators of Nigeria, differ on funding and blanket generalization of ABCON as dreadful By Shedrack Ifurueze The new regulations on foreign exchange, FOREX by the apex bank has brought to an end in the funding of BDCs on weekly basis. The CBN scheme that had been in operation for about 12 years has cost the apex regulator of the commercial banks nearly $9 billion annually based on more than $60,000 per regulator. However, in the interim the…

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Guardiola Says Humility Key To Team’s Success

Pep Guardiola says there is no chance that his Manchester City players will fall into the trap of over-confidence in their Champions League clash against Napoli despite their swaggering Premier League form. City demolished Stoke City 7-2 on Saturday to move two points clear at the top of the table and are attracting rave reviews for the quality of their attacking football, with 37 goals in 11 games in all competitions so far. But on Tuesday they face a stern test at home against free-scoring Serie A leaders Napoli, who…

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Gani Adams Becomes The New Aare Onakakanfo

The Alaafin of Oyo, Oba Lamidi Adeyemi, on Sunday declared the National Coordinator of the Oodua People’s Congress, Gani Adams, as the 15th Aare Ona Kakanfo of Yorubaland. The position was held last by the late MKO Abiola, who died in the detention camp of the late military dictator, Gen. Sani Abacha, in 1998 for refusing to trade his presidential mandate for freedom. In June this year, there was an indication that Adams could be named the new Generalismo of Yorubaland by the monarch but the OPC leader refused to…

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