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Today's Headlines: APC, PDP Lack Political Ideologies- Banky W, CBN Bans MFBs From Forex Trading

The popular Nigerian singer-cum-politician, Bankole ‘Banky W’ Wellington, has said Nigeria’s major political parties – Peoples Democratic Party (PDP) and All Progressives Congress (APC) – lack ideologies.

The singer, who ran for a seat in the House of Representatives in the 2019 general elections under the Modern Democratic Party (MDP), described both parties as a platform to “leapfrog into power.”

Mr Wellington said this during an interview on Daily Digest, a show that airs on the Lagos-based radio station, Nigeria Info, on Tuesday.

PHOTO CREDIT: Premium Times

The Central Bank of Nigeria (CBN) has warned microfinance banks from further dealing in foreign exchange transactions.

In a circular dated August 19, 2021, by the director, Financial Policy and Regulation Department of CBN, Ibrahim S. Tukur and titled Cessation of Non-Permissible Activities By Microfinance Banks, the apex bank warned that it would punish MFBs that refused to heed the warning.

The circular expressed that “CBN has observed the activities of some Microfinance Banks (MFBs) that have gone beyond the remit of their operating licenses by engaging in non-permissible activities, especially wholesale banking, foreign exchange transactions and others.

PHOTO CREDIT: Tribune

As the All Progressives Congress (APC) prepares for its national convention later in the year, following the nod received from the governors of the ruling party, many aspirants have intensified their lobby to succeed the Chairman of the National Caretaker and Extra-Ordinary Convention Planning Committee of the party, Governor Mai Mala Buni of Yobe State, THISDAY has learnt.

Prominent among the APC chairmanship aspirants are a two-term governor of Zamfara State, Mr. Abdulaziz Yari; two-term Governor of Nasarawa State, Senator Umaru Tanko Al-Makura; another two-term governor of the state, Senator Abdullahi Adamu; former Governor of Benue State and Minister of Special Duties and Inter-governmental Affairs, Senator George Akume; a former Governor of Borno State, Senator Ali Modu Sheriff; and another former Governor of the state, Senator Kashim Shettima.

PHOTO CREDIT: Thisday Live


Former FIFA president Sepp Blatter says he will continue fighting fraud allegations, and does not fear his case possibly going to trial, he told a Swiss weekly in an interview to be published Sunday.

Former world football chief Blatter, 85, faced four days of questioning by a federal prosecutor earlier this month in a long-running probe into a suspected fraudulent payment a decade ago

In the case that shook world sport, Blatter is being investigated over a two million Swiss franc ($2.2 million, 1.85 million euro) payment to Michel Platini in 2011, who was then in charge of European football’s governing body UEFA.

PHOTO CREDIT: Guardian

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Banky CBN Nigeria PDP Peoples Democratic Party

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