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Joseph Legend Mfon Appointed Environment Minister To State Of Birland



The President of the State of Birland, HRM Dr. Emir Haiyawi, has appointed a Nigerian, Amb. Prof. Joseph Legend Mfon, FIMC, CMC, FIOGR, as the Minister of Environment of the State of Birland.

The President of the State of Birland issued the official decree for the appointment of His Excellency Amb. Prof. Legend on June 13, 2023, jointly signed by the Prime Minister, H.R.M Prof. Queen Eden Soriano Trinidad.

The State of Birland is Africa’s newest country and number 55th on the continent of Africa with a geographical location between Sudan and Egypt and a landmass of 2,060 hectares.

This humanitarian nation has received several endorsements and recognition by other countries.

Amb. Dr. Joseph Legend Mfon will by this appointment work towards representation and protection of the interests and nationals of the State of Birland; initiation and facilitation of strategic agreements; treaties and conventions; promotion of information; trade and commerce; technology, and friendly and bilateral relations with other countries.

The President of the State of Birland also stated that the policy on humanitarian diplomacy has been established to provide National Societies and the International Federation with a more effective framework for advancing their core objectives.

It is, therefore, an overarching policy, different from others in that it is designed to support the key messages of National Societies and the International Federation with greater visibility and influence, but not to change the substance of those messages.
The establishment of this humanitarian diplomacy policy is therefore complementary and supportive of all existing policies, programs and strategies of the International Federation.

The appointment will open series of bilateral ties between the state of Birland and other countries with the qualities, attitude and candour of the Secretary of Diplomacy.

The Government of the State of Birland is proud of having a Nigerian who is capable and highly skilled in such a sensitive office.



Hardship: Protesters Defy Police Warning, Hit Lagos Streets



Residents have hit the streets of Lagos State to protest against the increasing spike in the price of food and the high cost of living in the country.

The protest was facilitated by a human rights group identified as the “Take It Back Movement.”

This comes against the warning issued by the Lagos State Commissioner of Police, Adegoke Fayoade, on Sunday.

The protesters were seen carrying placards of various inscriptions at Ojuelegba Under Bridge area of the state to express their grievances.

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CBN Lifts Ban On BDCs, Introduces New Operational Mechanism



In a major development aimed at financial stability and strengthening the naira, the Central Bank of Nigeria (CBN) plans to resume its weekly intervention in the country’s foreign exchange (FX) market through the Bureau de Change (BDC) operators.

In 2021, the central bank, in a bid to achieve its mandate of safeguarding the value of the local currency, ensuring financial system stability, and shoring up external reserves, announced the immediate discontinuance of foreign currency sales to Bureau de Change (BDC) operators in the country.

However, the resumed intervention, which would reportedly commence today for funding as well as Tuesday for collection, will see the apex bank inject FX into the subsector in a bid to rescue the naira from further depreciation against major currencies, particularly the US Dollar. The collection will be at designated CBN branches in Lagos, Abuja, Kano, and Awka, while details of the naira accounts to be credited for funding bidding will also be made available today.

CBN is also expected to publish the list of eligible BDCs to benefit from its funding using certain compliance criteria.National Executive Council of Association of Bureau De Change Operators of Nigeria (ABCON) hinted on the latest developments through a memo to its members over the weekend.

The association also warned members that it will no longer be business as usual under the new supervisory regime of the central bank, as any infringement or infraction would result in outright revocation of license and prosecution.

ABCON said through the association’s various engagements with the central bank, in conjunction with ABCON’s strategic partners, CBN had agreed to its request, under the bank’s supervision, to inject liquidity into the market through a weekly intervention beginning today.

CBN assured ABCON that the new circular on the Revised Regulatory and Supervisory Guidelines to BDCs, which was introduced over the weekend, was only a draft exposure that required the association’s inputs before the release of the final guidelines by the apex bank.

To that effect, the letters of the guidelines were not cast in stone, the association’s leadership told its members, who had been worried over the sweeping reforms in the document, which, among other things, prescribed N2 billion and N500 million minimum capital for national and state BDCs, respectively.

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