This was CBN clarifying what it was doing as far back as June, 2023. But you were too busy floating between pots of Amala, gbegiri and ewedu in your kitchen, to follow the news. It's not too late you can still read up on a "managed float" is.

There is nothing wrong with a witch-hunt if those hunted are witches.

I would like to express my heartfelt appreciation to the Honourable Minister of Aviation, Festus Keyamo SAN, and the DG of NCAA, Capt. Chris Najomo for their dogged fight to ensure that a local airline is finally flying Nigerians to London. It would not have been possible without their intervention and I am proud of them. One of Keyamo's 5-point agenda is to promote local businesses and he has shown stoicism in achieving this. On his part, Capt. Najomo has made it easy for airlines to do business and this is the crux of his action plan for the NCAA in 2024. Kudos to these patriotic Nigerians. May more local airlines grow. We will continue to engage international airlines also, to reduce their airfares. Nigeria Civil Aviation Authority will continue to respect agreements, and enforce the regulations while protecting the rights of all stakeholders.

Portable be@ts up Kesari at Computer Village Olamide

Binance crypto platform and our Naira The Central Bank of Nigeria (CBN) governor Yemi Cardoso says over $26 billion has passed through Binance Nigeria in the last four years.  Channels TV reported that Cardoso said this on Tuesday after the MPC meeting in Abuja. ‘In the case of Binance, in the last one year, 26 billion dollars has passed through Binance Nigeria from sources and users who we cannot adequately identify,” he told reporters in his first MPC meeting since assuming office as the CBN governor.

Earlier today, at the State House, I launched the Expatriate Employment Levy (EEL) to facilitate home-grown skill retention and technology domestication, aiming to balance employment opportunities between Nigerians and expatriates. The goal is to close wage gaps between expatriates and the Nigerian labour force while increasing employment opportunities for qualified Nigerians in foreign companies operating in the country. As a government, it is expected that the EEL will improve revenue generation, naturalisation and indigenisation, and we anticipate the employment of more qualified Nigerians by foreign companies operating in this country. My administration seeks a more significant balancing of employment opportunities between Nigerians and expatriates and the closure of the wage gap between expatriates and the Nigerian labour force by making it more attractive to hire Nigerians. I declare my support for the Expatriate Employment Levy scheme and will continue to encourage the operators, practitioners of immigration matters and expatriate quotas. Still, I emphasise this to all agencies involved in its implementation: do not use it as a bottleneck; do not use it as an obstacle to frustrate potential investors. This initiative should not be used as an impediment nor as a cudgel wielded to discourage foreign investors. I expect there will be clear lines of implementation and effective acceleration of the aims and objectives of this programme. Officials in charge of immigration matters, expatriate quotas, and relevant stakeholders are effectively guided to make Nigeria the focus of the aim of this EEL. Fellow Nigerians, we might be going through a difficult period now. Still, when you look at the Infrastructure Concession Regulatory Commission (ICRC), the Federal Ministries of Finance, Budget and National Planning, and the people manning the ship of this country, including the Central Bank of Nigeria, they have collaborated. In the spirit of development and progress, we are glad that reasonable effort is being made to re-engineer the country's finances and make growth our hallmark. Nigeria will succeed. Bola Ahmed Tinubu, GCFR President