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Central Bank Grants Permit To Foreign Banks To Disburse Loans To Nigerians In Dollars

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The Central Bank of Nigeria (CBN) on Monday granted foreign banks permission to give loans to Nigerians and companies operating in Nigeria in dollars.

The apex bank adopted this measure to expand dollar liquidity in Nigeria through foreign bank representatives by authorising foreign banks to work with their parent firms in obtaining and syndicating foreign currency-denominated loans (dollar loans) to Nigerian companies.

The Guidelines for the Regulation of Foreign Bank Representative Offices in Nigeria, signed by the Director of Financial Policy and Regulation Department, Muhammad Musa, stated that the policy corresponds with the CBN’s mandate to maintain financial system stability.

He stated that the rules are supported by Sections 6(1) and 8(1) of the Banks and Other Financial Institutions Act 2020 (BOFIA), which stipulate that “no foreign bank shall operate in Nigeria without the prior approval of the CBN.”

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DNA SAGA: Actor Yomi Fabiyi Writes Mohbad’s Widow; Wumi Aloba

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Dear Wunmi,

A DNA CAN BE REQUESTED BY MOHBAD’S FAMILY

I share in your family’s pain in the loss of Mohbad. May God forgive his sins. I am writing you based on the prolonged arguments on the issue of DNA concerning Mohbad’s son and ongoing investigation into the actual cause of his death.

The following reasons are why you can be compelled for a DNA TEST by Mohbad’s family:

i) From the look of things, Mohbad’s death is tilting towards “HOMCIDE” owing to events that happened in the last 48 hours before the singer d1ed. The coroner inquest is an investigation and needs closure before charges.

ii) In a saner cline, those around the deceased, those who tampered with the active crime scenes, are SUSPECTS and should have been taken in for questioning, which include you.

iii) If there is evidence/accusation of infidelity around the time of conception against you or re-occuring domstic violnce (and no clear reasons for conflicts), chances are the cause is due to paternity Only a DNA test can vindicate you, dear. It’s your advantage.

iv) if Liam will inherit the late singer’s estate and the likely cause of his muder is within the house, the family as a legally interested party can ask you honourably or through the court to conduct a DNA before you can be allowed custodian of their son’s properties on behalf of LIAM, etc. Moreso, the DNA will help investigators narrow their drag nets. NO ONE SHOULD OBSTRUCT POLICE or CORONER’S INVESTIGATION.

v) Mohbad, in an unverified audio released, equally accused you of wanting to kll him. No one knows if it is the normal couples’ fight or if it was due to any other sensitive issue.

vi) Anything that will bring clarity, absolve you of any wrongdoing, erase suspicion around you, get justice for Mohbad should interest you,including a DNA TEST.

vii) Your continued back and forth is an attempt to infuriate members of the public and pitch irrates youths against the Police and government. No sooner, people will conclude that someone powerful is shielding you. And that person can’t be more powerful than a determined masses.

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JUST IN: “I Know That Liam Is My Grandson, I Don’t Doubt It, But Wunmi Should Do The DNA For The Sake Of Nigerians To Know That Liam Is Mohbad’s Son” — Baba Mohbad Says

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Harvard University To Hosts Apostle Joshua Selman

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Harvard University’s Center for the Study of African Societies and Economics (CSASE) is set to welcome Apostle Joshua Selman, the esteemed founder of Koinonia Global Ministries, for a compelling lecture titled “The Role of Religion in Resilient Societies: Lessons from Africa’s Development Journey.”

Scheduled for Tuesday, March 26th, 2024, from 12:00pm to 1:30pm, the event will take place at the renowned Harvard Divinity School. Apostle Joshua Selman’s lecture promises to shed light on the vital role of religion in shaping resilient societies, drawing from Africa’s unique developmental trajectory.

Attendance requires registration due to the exclusivity of the occasion. Following the lecture, attendees will have the opportunity to participate in a reception aimed at fostering deeper engagement and dialogue.

Harvard University invites all interested individuals to join Apostle Joshua Selman for an enlightening conversation that seeks to challenge perceptions and inspire new insights into the relationship between faith and social progress.

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