Citing Breach of Regulatory Provisions, CBN Revokes Licences of 4,173 BDCs Cardoso: Apex bank to clear genuine, verified FX backlogs of five banks soon James Emejo in Abuja, Nume Ekeghe and Kayode Tokede in Lagos
The Central Bank of Nigeria (CBN), yesterday announced the revocation of the operating licences of 4,173 Bureaux De Change (BDC)
operators over violation of regulatory guidelines, among others. The bank said the action was in exercise of the powers conferred
Sells N1.06tn OMO as interest rate on 361-day bill rises to 21.5%
on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux
De Change 2015 (the Guidelines). The apex bank disclosed this in a statement issued by the acting Director, Corporate Communications
Department, Mrs. Sidi Ali Hakama. This comes just as the CBN Continued on page 5
South African Billionaire, Wiese, Says Business Exodus from Nigeria Won’t Last... Page 6 Saturday, March 02, 2024 Vol 29. No 10552
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Yoruba Monarchs Decry Incessant Killings, Seek Urgent Intervention... Page 8
Tributes Pour in as Abimbola Ogunbanjo is Buried Dapo Abiodun, Amosun, Daniels, Dangote, Obaigbena, Duke, Ighodalo, others pay respects Oluchi Chibuzor A torrent of tributes poured in from prominent Nigerians during the funeral service of the former
Group Chairman of the Nigerian Exchange Group Plc, Mr. Abimbola Ogunbanjo, who died in a helicopter crash in the United States last month. The late Ogunbanjo, who was
buried in Lagos yesterday, died alongside former Group Managing Director of Access Holdings, Mr. Herbert Wigwe, his wife, Mrs. Chizoba Wigwe and their son.
The Governor of Ogun State, Mr. Dapo Abioudun described the late Ogunbanjo as a dependable and loyal associate who led a life of impact. The governor, while speaking
at the funeral service held at the Church of Nativity, Parkview Estate, Ikoyi, Lagos, urged the deceased’s family to hold on to God. According to him, only God
knows why He called him home at this period. “Our God is a God of different Continued on page 5
NLC,TUC Reply Tinubu, Say Labour Desirous ofAjaero: Effective Governance Not Partisan Politics Workers won't condone threats Insists Nigerians deserve transparency, not empty promises, bureaucratic delays Osifo: We’re not politicians, it’s our right to protest Onyebuchi Ezigbo in Abuja and Ugo Aliogo in Lagos The Nigeria Labour Congress (NLC) yesterday, responded to President Bola Tinubu’s criticism of the series of strike actions the organised labour had embarked upon since he assumed office, saying that its major concern was to get the government to address the pervasive hunger, unemployment, housing, insecurity and escalating cost of basic necessities in the country. Equally, the President of the Trade Union Congress (TUC), Festus Osifo, said it was the right of the trade unions to embark on protests and strike actions to pressure the government to meet their demands, when necessary. Tinubu, had on Thursday, admonished the NLC leadership during the inauguration of the Red-Line Railway Project in Lagos, accusing them of overreaching themselves and trying to act as the sole voice of the Nigerian people. Continued on page 5
FARE THEE WELL ABIMBOLA OGUNBANJO... L-R: Son of the late Abimbola Ogunbanjo, Rotimi Ogunbanjo; widow, Titi Ogunbanjo; daughters, Ladun Ogunbanjo; Mosun Ogunbanjo; and Lape Adebayo, at the funeral service for the PHOTO: SUNDAY ADIGUN late Ogunbanjo held at The Church of the Nativity, Park View Estate, Ikoyi, Lagos… yesterday
Kano Conjoined Twins Successfully Separated by Saudi Medical Doctors...
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