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By Chinyere Joel-Nwokeoma
Lagos, July 27, 2021 Analysts at Cordros Research Ltd. said discontinuation of sale of foreign exchange to the Bureau De Change (BDC) operators would lead to further pressure on the exchange rate in the parallel market.
The analysts said this in a post on the Monetary Policy Committee (MPC) report obtained by Naija247news in Lagos.
They said the discontinuation of the sale of foreign exchange to the BDCs would put further pressure on the exchange rate as the commercial banks settle to adjust to the Central Bank of Nigeria (CBN) directive.
The analysts added that knee jerk reaction from market participants induced by the urge to stockpile the greenback to mitigate an expected exchange rate pressure was another factor.
By Peter Uwumarogie
Gombe, July 27, 2021 Gov. Inuwa Yahaya of Gombe State, on Tuesday, warned youths in the state to shun politics of violence and bitterness.
Yahaya gave the warning when stakeholders from the Akko Local Government Area of the state, paid him a courtesy visit in Gombe.
He said the warning was imperative in view of the recent clashes between supporters of political parties during Sallah festivities in parts of the state.
The governor said that his administration would only support politics of peace, stressing that: “it is only in a peaceful atmosphere that development can come.
“We need to take drastic measures on this matter so that insecurity that is pervasive and is encroaching on us will not catch up with us.
By Ifeoma Aka
Enugu, July 27, 2021 The Enugu State House of Assembly has passed a bill that will improve water supply and sanitation services in the state.
The bill tagged âthe right access to basic water and sanitation servicesââ was passed on Tuesday during plenary in Enugu.
Leading a debate on the bill, the leader of the assembly, Mr Ikechukwu Ezeugwu, said the state government was committed towards ensuring that residents of the state enjoys portable water supply.
Ezeugwu noted that successive government had failed to provide constant water to the residents of the state; a development he argued necessitated the bill.
By Yinusa Ishola
Ado-Ekiti, July 27, 2021 A former Governor of Ekiti, Chief Segun Oni, on Tuesday kicked against the zoning arrangement being proposed by some politicians in respect of the 2022 governorship election in the state.
Oni made the assertions in Ado-Ekiti, while interacting with newsmen on his gubernatorial ambition, saying such arrangement would jeopardise chances of the opposition party in the election.
According to him, the Peoples Democratic Party should place priority on who can defeat the ruling All Progressives Congress (APC), than the primordial and narrow sentiment of zoning.
Oni said the voters had rejected the ruling party over its failure in the areas of security, employment generation and economy.