CBN Approves Fresh FX Allocation to BDCs at Lower Rate Slashes volume to $10,000 at N1,251/$ Pegs sale to end-users at not more than 1.5% above purchase price NACCIMA hails apex bank for clearing FX backlog, urges urgent steps to address unmet requests, others by businesses
James Emejo in Abuja and Nume Ekeghe in Lagos
The Central Bank of Nigeria (CBN), yesterday, approved a second tranche
of sale of foreign exchange (FX) to eligible Bureau De Change (BDC) operators to meet their demand for invisible transactions. The central bank disclosed that
the sum of $10,000 would be sold to each BDC at the rate of N1, 251/S, which was a N50 reduction compared to N1, 301/S allocation in the initial tranche.
The latest intervention also indicated that the apex bank halved the $20,000 it allocated to each BDC in February. CBN conveyed the latest al-
location in a letter addressed to President, Association of Bureau De Change Operators of Nigeria (ABCON), dated March 25, 2024, and signed by CBN Director, Trade and
Exchange Department, Dr. Hassan Mahmud. The bank further instructed Continued on page 10
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FG: No Ransom Paid for Release of Kaduna Schoolchildren
Says Gumi not above law, can be reprimanded if found wanting Army hands over 137 rescued kids to Sani Governor regrets death of teacher in captivity Deji Elumoye in Abuja and John Shiklam in Kaduna
The federal government has shed more light on the circumstances surrounding the release, weekend,
of the 137 schoolchildren kidnapped from Kuriga in Chikun Local Government Area of Kaduna
State, saying no ransom was paid. All the 137 kidnapped schoolchildren from Kuriga were released
on Sunday, while the 17 Islamic school pupils kidnapped in Sokoto were released on Saturday.
Speaking
with
newsmen
Continued on page 10
ONSA: Security Agencies Working with Interpol to Apprehend Fleeing Binance Executive
Officers responsible for his custody arrested FIRS files tax evasion charges against cryptocurrency company Says Binance failed to register operations, collect, remit various taxes to federation We are collaborating with Nigerian authorities to quickly resolve issue, company declares My husband treated well, seemed comfortable, Binance executive’s wife told UK newspaper Emmanuel Addeh, Chuks Okocha, Kingsley Nwezeh and James Emejo in Abuja The Office of the National Security Adviser (ONSA), yesterday, said security agencies were working with the International Police (Interpol) to apprehend fleeing Binance executive, Nadeem Anjarwalla. ONSA confirmed the escape of Anjarwalla, the suspect in the ongoing criminal probe into the activities of Binance, a crypto currency organisation, from lawful custody. It said those responsible for Anjarwalla’s custody had been arrested. Equally, yesterday, the Federal Inland Revenue Service (FIRS) announced that it had initiated criminal proceedings against the embattled cryptocurrency exchange platform. The global cryptocurrency Continued on page 10
FREED FROM DEN of BANDITS...
Kaduna State Governor, Uba Sani with the 137 rescued Kuriga School children at Government House, Kaduna, ...yesterday