CBN to commence twice weekly FX sales to BDCs


…Each BDC to receive $10,000, weekly
In continuation of its determination to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) is to commence twice weekly foreign exchange sales to Bureaux de Change(BDCs) as from Monday, next week.
Emefiele CBN Governor
The apex bank , in a statement by the spokesman of the CBN, Mr. Isaac Okoroafor, in Abuja, yesterday, directed licensed BDC operators to fund their accounts with the CBN on Mondays and Wednesdays for this purpose.
It said that they would receive their purchases on Tuesdays and Thursdays, respectively.
“The sale amount to BDCs is hereby increased to $10,000 weekly ($5,000 per bid) and a new rate will be announced on Monday, April 3, 2017,” CBN added.

Blatter is biggest egoist I’ve ever seen in my life, says Platini


Michel Platini laid bare his anger at his spectacular downfall on Thursday, breaking his silence to accuse FIFA bosses of wanting to destroy him and claiming Sepp Blatter “always said I’d be his last scalp”.
Sepp Blatter & Michel Platini
Former UEFA boss Platini and erstwhile ally Blatter — once the most powerful man in football as FIFA president — were both banned from football in December 2015 over a payment of two million Swiss franc ($2 million, 1.8 million euros) authorised by Blatter to his one-time heir apparent.
Platini’s orignal ban was cut from eight years to six and then to four by the Court of Arbitration for Sport (CAS).
Speaking publicly for the first time since he vowed in May 2016 to fight to clear his name after the CAS ruling, the former France football star gave senior FIFA officials and Blatter both barrels.
“They were looking for something to destroy me with,” Platini, 61, told the French newspaper Le Monde, when asked if he felt that FIFA has trained its sights on him.
“Various in-house affairs at FIFA were exploited by the people who pulled the strings.
“I lived in the hope that they would tell the truth, but it never happened.”
Platini was responding to suggestions that Marco Villiger, a close associate of Blatter and a FIFA legal director, had informed prosecutors of the controversial payment, chief among a series of corruption scandals that rocked FIFA and triggered his and Blatter’s ousting.
Asked about Blatter, 81, who had been head of FIFA since 1998, Platini added: “He’s the biggest egoist I’ve ever seen in my life. He always said I’d be his last scalp.”
“He thought he would grow old, finish, die and be buried in FIFA, it was his wish,”
Blatter was “a fascinating person” and “exceptional political animal”, Platini added.

Federal Government to Improve Engagement with States and Stakeholders in the Mining Sector


The Minister of Mines and Steel Development, Dr. Kayode Fayemi has reiterated government’s determination to improve its engagement with State governments and stakeholders in the minerals and mining sector to achieve full potentials of the industry for wealth creation and employment.
The Minister stated this at the opening ceremony of the 53rd Annual International Conference and Exhibition of the Nigerian Mining and GeosciencesSociety (NMGS) in Abuja, on Tuesday.
Dr Fayemi said there was need to partner with states particularly around financial participation, revenue sharing and recognising the oversight on the part of Federal Government.
“The new roadmap for the sector already dwells on this and States are being taken into consideration- ranging from the establishment of the Council on Mining and Mineral Resources Development to the extension of derivation principle of 13% to mineral resources extraction at the state level” he added.
The Minister noted that in line with the initiative, the Ministry commenced a nationwide tour of mining sites and meeting with stakeholders starting with Kaduna, Lagos and Ogun States. He said that the essence of the tour was to ensure that all parties recognise their social responsibilities. “The Ministry is working to attract a diverse portfolio of participants from artisanal miners to junior explorers to mining majors into the industry.”, he added.
Earlier, the President of the Nigerian Mining and Geosciences Society, Prof. Olugbenga Okunlola, noted that the society in its 56th year of existence has assisted the government and the private sector in policy formulation and execution, intellectual contribution in the sphere of mining, oil and gas, water and mineral processing, training and skills acquisition engagement.
He said the society has also organised programs, lectures, workshops, short trainings, direct and indirect engagement in the extractive industry, adding that the extractive industry produce the wealth of the nation.
Prof. Okunlola commended the efforts of the present government in truly emphasising the importance of the extractive sector in the economic revival of Nigeria and the inclusion of members of the society in policy formulation and implementation. He said a lot of responsibilities rest on the professionals as the expectation is high and it is time for them to prove that they are capable.
The Minister of Mines and Steel Development, Dr Kayode Fayemi, the Minister of State for Mines and Steel Development Hon. Abubakar Bawa Bwari, alongside some prominent Nigerians were conferred with Honorary Fellows of the Society.


Israel holds anti-BDS summit at United Nations


Palestinian ambassador says anti-BDS efforts will fail as Israel also cuts it funding to UN to protest resolutions.

Israel has hosted a summit at the United Nations in protest at the Palestinian-led 'Boycott, Divest and Sanctions' (BDS) movement.

The BDS movement, launched in 2005 as a non-violent campaign to press Israel to obey international law and end its illegal occupation of Palestinian territory, has gathered momentum in recent years.

BDS supporters object to Israel's continued building of illegal settlements on Palestinian land.

They also accuse Israeli forces of killing and mistreating Palestinians under the pretext of maintaining security. They say neither US universities nor businesses should have any links to their Israeli counterparts.

US Ambassador to the UN Nikki Haley told attendees that the BDS mission was misguided.

"How tragic is it, that of all countries in the world to condemn for human rights violations, these voices choose to single out Israel? We should boycott North Korea. We should sanction Iran. We should divest from Syria, not Israel," she said.

Riyad Mansour, the Palestinian ambassador to the UN, watched the summit and told Al Jazeera the anti-BDS campaign would not succeed.

"Why do you bring your supporters and followers to the UN to abuse the facilities and to threaten injecting this issue on the agenda of the UN ... If you want to go and combat BDS, go to campuses and universities and conduct your business there," Mansour said.

Hundreds of university  students were invited to the summit at the UN to learn how to counter BDS's campaign.

"The anti-BDS summit was a call to arms in a very visible location," Al Jazeera's Rosiland Jordan, reporting from UN headquarters in New York, said. "But there is no way to predict whether it will ultimately succeed."

Israel also announced on Wednesday it was cutting its already reduced required annual payment to the UN by $2m to protest resolutons taken against it in various UN forums.

The General Assembly requires all 193 UN member states to pay a percentage of its regular budget, based on their GDP. According to the UN Secretariat, Israel is expected to pay about $11m this year, or 0.43 percent of the regular budget.

Israel's refusal to pay $2m of its dues will put the country in arrears, but it won't immediately lose its vote.

Under Article 19 of the UN Charter, any country in arrears of its dues payments in an amount that equals or exceeds the contributions due for two preceding years can lose its vote in the General Assembly.

Nahshon said the money it was holding back would be used for development projects in countries that support Israel in international organisations.

A UN report this month accused Israel of practicing apartheid in the occupied West Bank. That report was withdrawn and Rima Khalaf, the senior UN official with responsibility for it, resigned in protest.

"A few weeks ago ... together with our American friends, we made clear that Rima Khalaf, an anti-Semite, a promoter of BDS, will not be tolerated in the halls of UN," Israel's ambassador to the UN, Danny Danon, told attendees at the BDS summit.

Khalaf has dismissed previous Israeli allegations of anti-semetism and has stood by the report.

Separately, David Friedman was sworn in as the US Ambassador to Israel on Wednesday.

Friedman has no diplomatic experience but is a longtime friend of US President Donald Trump and worked for him as an lawyer. Friedman is a supporter of the expansion of Israeli settlements on land belonging to Palestinians.

He also favours moving the US embassy from Tel Aviv to Jerusalem. The relocation is opposed by many US allies because both Israel and the Palestinians claim the city as their capital.

£156m Man Utd striker swoops, major Chelsea dispute, Arsenal triangle, Liverpool decision



Manchester United boss Jose Mourinho wants to add both Romelu Lukaku and Antoine Griezmann to his armoury this summer.
Express Sport understands the Red Devils will enter a £70million battle with Chelsea for Everton’s hitman.
And Mourinho won’t stop there as he goes in search of more firepower at Old Trafford.

Griezmann, Lukaku, Sanchez and Dahoud all feature in our Transfer NewsTop target Griezmann, who has an £86m buy-out clause at Atletico Madrid, is wanted as well with long-term solutions required to replace Zlatan Ibrahimovic and Wayne Rooney.
Chelseaare reportedly in disagreement behind the scenes over who they should pursue up front in the transfer market
Antonio Conte is keen to bring Real Madrid forward Alvaro Morata to Stamford Bridge, having failed to land him last summer.
However, according to The Sun, technical director Michael Emenalo is disputing the Italian’s stance and wants Lukaku back in west London.
United could swoop for the Everton man if Chelsea stall on a return, although signing both may be an option if they offload £33m misfit Michy Batshuayi.

Arsenal, Real Madrid and Bayern Munich could reportedly be involved in a transfer chain reaction.
Alexis Sanchez is expected to be sold with his contract expiring in 2018, and the Allianz Arena is his most likely destination.
According to Spanish outlet Don Balon, the Chile attacker’s sale will pave the way for Arsenal to pursue Karim Benzema.
And should the Gunners secure his services to replace Sanchez, Madrid president Florentino Perez would turn to Bayern’s left-winger Douglas Costa so Zinedine Zidane can shift Cristiano Ronaldo back into a central role.


Liverpool target Mahmoud Dahoud has reportedly made his decision and chosen to snub Anfield for Jurgen Klopp’s former club Borussia Dortmund.
The Reds have eyed the Borussia Monchengladbach midfielder since last summer.
But according to German news outlet Waz, the 21-year-old has committed to a move to the Westfalenstadion as he wishes to remain in the Bundesliga.   
As a result, Klopp will have to look elsewhere as he aims to bolster his midfield options at the end of the campaign.

Happy Family

  Aisha Buhari the wife of Nigerian president with her younger brother and her son are looking bright and beautiful.