CBN Increases BDC Weekly Supply To $50,000

The Central Bank of Nigeria (CBN) has increased the weekly supply of Bureau De Change (BDC) operators from licensed banks from 30,000 dollars to 50,000 dollars.

Mr Kennedy Uzoka, Group Managing Director (GMD) United Bank for Africa (UBA), disclosed this on Tuesday in Abuja while addressing a media conference on the outcome of the 328th Bankers’ Committee meeting.

He said that the increase was necessary based on the present prevailing circumstances where the available Forex in the market was not sufficient to meet the needs of Nigerians.

The News Agency of Nigeria (NAN) reports that the CBN had recently issued a circular directing that banks that have been approved as International Money Transfers Operators (IMTSO) should sell foreign currency to the tune of 30, 000 dollars per week to licensed BDC operators.

Uzoka said that before the increase was made, there were lots of consultations by the CBN and the Bankers’ Committee based on the feedback received from the market which necessitated the increase.

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Erdogan Chairs Security Council As 50,000 Hit By Turkey Purge

Turkish President Recep Tayyip Erdogan on Wednesday chaired a crunch security meeting for the first time since the failed coup, after a widening purge that has seen around 50,000 people either detained or sacked.

The Turkish air force meanwhile launched its first strikes since Friday’s putsch against targets of the outlawed Kurdistan Workers’ Party (PKK) in northern Iraq, in a sign Erdogan has regained full control over the armed forces.

The coup bid by rebel soldiers was the most serious blow to Erdogan’s 13-year domination of Turkey, and the president has said he came within 15 minutes of being killed or kidnapped by the plotters before escaping.

The putsch left more than 300 people dead and caused scenes of devastation, especially in Ankara where raids by fighter jets and attack helicopters on strategic targets terrified residents and turned parts of parliament and the police headquarters to rubble.

More than 9,000 suspects have been detained, including some of Turkey’s most senior generals, who are accused of being the ringleaders of the plot.

In total, about 48,800 state employees, including police and teachers, have been dismissed from their posts or detained, according to figures published by the Hurriyet daily and CNN-Turk.

Ankara says the coup was masterminded by US-based preacher Fethullah Gulen and the massive crackdown appears to be targeting individuals suspected of any connection to Erdogan’s ally-turned-foe.

The purges have stoked alarm that Erdogan was using the coup plot to crack down on opponents, with Turkey’s Western allies urging the authorities in the strategic NATO state to obey the rule of law.

The president returned to the capital late Tuesday for the first time since the coup and was chairing a meeting at his presidential palace of his national security council, composed of top military brass and security ministers.

He will then chair a cabinet meeting, also at the palace, whose immediate vicinity was bombed during the military power grab.

Credit: Guardian

50,000 Nigerian Girls Die Annually Of Abortion Complications- NMA

More than 50,000 Nige­rian girl-children die annu­ally due to complications relating to wrong and poor­ly done abortions across the country due to lack of education available to the Girl-Child Education and awareness.

The Nigeria Medical As­sociation (NMA), Ebonyi State chapter disclosed that majority of the victims were young school girls who fell victim of pres­sures relating to adoles­cence stage as well as lack of sensitization.

Speaking yesterday dur­ing the awareness cam­paign organized by the Committee on Girl-Child Education of NMA at the Model Girls’ Secondary School, Ugwuachara, Eb­onyi State, NMA Chair­man, Dr. Esike Chidi called on female students to take their studies very serious and avoid all distractions that often lead them astray to the level of indulging in pre-marital sexual ac­tivities which has been the major prevalent causes of unwanted pregnancies in girl children.

He said early and pre-marital sexual intercourse in girl children inhibit their chances of furthering their education and also expose them to various risks which includes unwanted preg­nancies which often lead to death of over 50,000 Nige­rian girl children annually.

Credit: SunOnline

How Floyd Mayweather Dropped $50,000 In Stripclub, Goes Out With Armfuls Of Cash

With so much time on his hands, newly-retired Floyd Mayweather just doesn’t know what to do.

So after ending his boxing career with a record-equaling 49 wins and no defeats, “Money” as he is known has started redistributing his wealth it seems.

He posted a picture of himself on Instagram carrying armfuls of cash around a nightclub – and there are reports that he even dropped $50,000 at a stripclub on the same night.

Credit: Yahoo