Daily News..

The Central Bank of Nigeria, CBN, Wednesday, released new guidelines which permits Bureau de Change, BDC, operators to purchase up to $25,000 weekly from Authorised Dealer Banks, ADBs, to meet retail market demand. The apex bank also outlined the compliance requirements to ensure transparency and curb potential forex misuse.

 A fire outbreak at an Islamiya school in Kaura-Namoda Local Government Area of Zamfara State has claimed 17 lives. All the victims were said to be Almajiri students who were burnt beyond recognition while their charred bodies littered the building.

########

 President Bola Tinubu has sought the upward review of the proposed 2025 Appropriation Bill from N49.7 trillion to N54.2trillion. The President’s message was contained in a letter addressed to the President of the Senate, Senator Godswill Akpabio, which was read at the Plenary on Wednesday.

########

 President Bola Ahmed Tinubu is off to Paris, capital of France, on a “private visit”. According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, from Frane, the president would move to Addis Ababa, the Ethiopian capital, for the forthcoming African Union Summit.

########

 The Peoples Democratic Party crisis escalated on Wednesday following the rejection of Senator Samuel Anyanwu as National Secretary by the Board of Trustees. The highest advisory organ threw its weight behind Sunday Udeh-Okoye. The BoT’s decision followed the report of the Alhaji Tanimu Turaki panel set up by the body after the invasion of the party secretariat in Abuja by thugs.

########

 The Senate yesterday granted President Bola Ahmed Tinubu’s request to terminate the appointments of the Resident Electoral Commissioners (RECs) in charge of Sokoto, Abia and Adamawa states. The affected RECs are: Dr. Nura Ali (Sokoto), Hudu Yunusa Ari (Adamawa State), and Prof. Ikemefuna Chijioke Uzochukwu (Abia).

########

 A Federal High Court in Abuja yesterday fixed March 18 for ruling on the preliminary objection the Nigeria National Petroleum Company Limited filed against a suit by Dangote Petroleum Refinery and Petrochemicals FZE over an oil import licence dispute. Justice Inyang Ekwo fixed the date after counsel to the NNPCL, Ademola Abimbola, and lawyer to Dangote Refinery, John Ibrahim, presented their arguments and adopted their processes for and against the suit.

########

 President Tinubu has reaffirmed his administration’s commitment to strengthening Nigeria’s security architecture, stressing that he has prioritised national security as a fundamental aspect of his governance. Speaking at the Chief of Defence Staff Joint Task Force Commanders Conference in Abuja on Wednesday, he lauded the military and security agencies for their relentless efforts in combating security threats.

#########

 The Senate Committee on Diaspora and Non-Governmental Organisations has expressed concern over the growing trend of Nigerians migrating abroad in search of better opportunities, commonly referred to as the “Japa” syndrome. The committee, chaired by Senator Natasha Akpoti-Uduaghan (PDP, Kogi), has vowed to address this issue as part of its strategy to strengthen the nation’s economy and reduce mass emigration.

######## Three young men have been arrested and paraded by the police in Ogii, Okigwe Local Government Area of Imo State for having a human skull. The identity of the deceased person whose skull is involved has yet to be identified.

from dailypost