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Kogi govt. grants scholarship to Cambridge award recipient, Oluwabukolami



Kogi govt. grants scholarship to Cambridge award recipient, Oluwabukolami

The Kogi Government on Wednesday, awarded scholarship to the recipient of British Council outstanding Cambridge Learner’s Award, Miss Oluwabukolami Adeyemi.

Gov. Yahaya Bello made the declaration on the award while receiving Oluwabukolami and her parents at his office in Lugard House, Lokoja.

The News Agency of Nigeria (NAN) recalls that Oluwabukolami had the highest scores in the examination, which was conducted across 146 countries worldwide.

Oluwabukolami, who had already secured admission to a university in the United Kingdom to study law, shared her aspiration of becoming a successful lawyer.

She also aimed to excel in her profession internationally, with cross-border access to legal practice.

Kogi govt. grants scholarship to Cambridge award recipient, Oluwabukolami

Oluwabukolami reportedly expressed her ambition to play a significant role in government, either by holding leadership positions in Nigeria or contributing to policy-making and legislative processes.

She had also requested for prayers for her parents, who were facing the financial burden of funding her education abroad.

But the elated Kogi governor said: “This scholarship award is in recognition of your remarkable performance in the 2022 Cambridge IGCSE and Cambridge AS Level Examinations.”

“As a government, we are satisfied with your outstanding performance, which has now positioned you as a distinguished representative of this state, country and the world in general,” the governor said.

Bello commended Oluwabukolami’s exceptional performance and encouraged other parents to follow the example set by Mr and Mrs Adeyemi in nurturing their children for success through dedication to education.

He emphasised that Oluwabukolami achieved global recognition due to her intellectual prowess rather than any inappropriate means.

The governor, who had previously awarded multiple scholarships to outstanding students and supported medical expenses locally and internationally for indigent patients, said that Oluwabukolami had been granted a scholarship in his name.

Responding, Mr Adeyeye Adeyemi, Oluwabukolami’s father, expressed deep gratitude to the governor and his administration.

He described the scholarship offer as “unbelievable” and offered prayers for the well-being of the governor and his family.


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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