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Here’s our picks on today’s top buzzy stories on Punch Newspaper. We prepare it as a quick-read for our visitors who also enjoys Punch News.
N386/$ new exchange rate not sustainable, says ABCON
The President, Association of Bureaux de Change Operators of Nigeria, Alhaji Aminu Gwadabe, has said that the new exchange rate for the operators to sell forex at N386 cannot sustain their operations.
Gwadabe spoke on Wednesday at a webinar with the topic, “Resumption of foreign currency sales to BDCs, COVID-19, challenges, compliance and way forward,” which was organised after the CBN announced it would resume forex sales to the BDCs.
He noted that the CBN was set to sell dollars to the BDCs at a fixed rate of N384 to the dollar and they were expected to sell to their customers at N386 to the dollar. According to him, the BDC operators had said the profit margin was too small and would not be enough to cover their operating expenses.
Mind your language or go to jail, Matawalle warns opposition
Governor Bello Matawalle of Zamfara State has sent a strong warning to the opposition to be mindful of their utterances or go to jail.
Addressing thousands of APC supporters who defected to the ruling PDP in the state in Gusau on Wednesday, Matawalle said he would arrest and prosecute any politician who defamed or assassinated his character.
“If you know that you cannot defend what you said, you better stop defaming other people’s character, because I will order the arrest of whoever is caught doing that and he will go to jail,” Matawalle said.
Buhari says terrorists may take radicalisation online
President Muhammadu Buhari on Wednesday expressed the fear that with the movement of activities to cyber space as a result of the COVID-19 pandemic, terrorist groups might begin to radicalise citizens online.
He said the government would therefore continue to monitor activities of terrorists online to control radicalisation of citizens by terrorist groups, and other violent cells.
According to a statement by his Special Adviser on Media and Publicity, Femi Adesina, the President made his position known in his remark at the AQABA Process virtual meeting in the Hashemite Kingdom of Jordan.
Marafa faction dares APC panel over sack threat
The Zamfara State faction of the All Progressives Congress loyal to Senator Kabir Marafa, said the decision of the Mai Mala Buni-led National Caretaker/Extra-Ordinary National Convention Planning Committee, to sack its chairman would spell doom for the party.
State Publicity Secretary of the faction, Alhaji Bello Bakyasuwa, said this in an interview in Abuja on Wednesday. According to him, the decision of the national caretaker committee to empower the faction of the party loyal to the former governor of the state, Abdullaziz Yari, to expel members of the Marafa-led faction, was contemptuous of an existing court order.
He explained that a court of competent jurisdiction had ordered the dissolution of the state factional executives and ordered for fresh congresses.
Northern lawyers’ leaders reject NBA splinter group
Leaders of lawyers from the northern part of the country on Wednesday met with the new President of the Nigerian Bar Association, Mr Olumide Akpata, and other national officers over the threat by some lawyers from the region to secede from the association to form the New NBA.
At the end of the meeting which lasted about three hours at the national secretariat of the association in Abuja, the participants from about 40 branches of the association in the northern region rejected the splinter group.
The acting Chairman of the Arewa Lawyers’ Forum, a socio-ethnic platform of lawyers from the northern region, Mr Elisha Kaura, also called on all lawyers in the country to support the new NBA President.
Ghana persecuting us since 2007, Nigerians tell Gbajabiamila
The leader of Nigerian traders in Ghana, Chief Chukwuemeka Nnaji, on Wednesday told the Speaker of the House of Representatives, Femi Gbajabiamila, how Nigerian traders had been subjected to hardship by the Ghanaian authorities since 2007.
He added that Nigerian traders had their businesses registered with appropriate agencies while they pay their taxes as and when due, yet they were still subjected to harsh treatment by the Ghanaian authorities.
Nnaji said many Nigerian traders could not afford the latest $1m trade registration fee, adding that those who could not pay the sum still had their shops under lock and key.
If Bayelsa is broke, Nigeria is bankrupt – Diri
Governor Douye Diri of Bayelsa State declared on Wednesday that the categorisation of the state as insolvent also suggest that the Federal Government was bankrupt.
Diri spoke when he hosted a delegation from the Revenue Mobilisation Allocation and Fiscal Commission at the Government House, Yenagoa.
Diri contended that Bayelsa, as an oil and gas-producing state, could not be declared insolvent in isolation of Nigeria which had also been rendered bankrupt by the existing abnormalities in the country.
Mr. Joseph Simeon is an Editor/Content Creator at Naija Buzz News. He is an experienced content creator. He currently leads a small group of talented writers at Naija Buzz News. He previously served as the Relationship Editor at 1Push.Ng. He studied Public Administration at the Federal Polytechnic Idah, Kogi State, before proceeding to Kaduna Polytechnic Kaduna for his Advance Studies in Public Administration. Simeon loves and enjoys playing football.