The Thursday morning major news roundup highlights some of the key developments and happenings across Nigeria. From policy changes to legal battles, political upheavals, and economic updates, here’s a rundown of the top stories making headlines:
- Bureau De Change Shakeup: In a move aimed at tightening regulation, the Central Bank of Nigeria has directed all existing Bureau De Change operators to reapply for licenses. This directive comes amid concerns over foreign exchange market stability and potential malpractices.
- Temporary Bail for Abba Kyari: The high-profile case of former police officer Abba Kyari took a turn as a Federal High Court granted him temporary bail to attend his mother’s funeral, subject to a substantial bond deposit and surety.
- Tragic Incident in Jos: Tensions escalated in Jos, Plateau State, as a police officer attached to the enforcement team of the Jos Metropolitan Development Board was reportedly shot dead during a crackdown on street trading at the Terminus Market.
- Political Upheaval in Cross River: The Cross River State House of Assembly witnessed a dramatic change as Speaker Elvert Ayambem was impeached following a vote of no confidence passed by a two-third majority of the Assembly members.
- Ministerial Performance Reports: As President Bola Tinubu’s administration marks its first anniversary, the President has directed all 47 federal ministers to present their performance reports to Nigerians, with sectoral media briefings scheduled to commence on Thursday.
- Minimum Wage Deliberations: The tripartite committee on the new minimum wage adjourned its meeting until next Tuesday, May 28, after failing to reach a consensus among the Federal Government, the organized private sector, and organized labor representatives.
- Repurposing Abandoned Properties: The House of Representatives urged the Federal Government to renovate and convert its abandoned buildings and forfeited land, both locally and abroad, for public use, highlighting the potential for efficient resource utilization.
- EFCC Crackdown on Forex Scams: In a significant operation, the Economic and Financial Crimes Commission (EFCC) has arrested over 200 suspects in connection with foreign exchange scams and alleged manipulation of financial markets, with a focus on Bureau De Change operators.
- Naira Fluctuations: The Naira experienced mixed fortunes, depreciating in the parallel market to N1,495 per dollar while appreciating to N1,462.59 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
- Hijab Ruling in Oyo State: An Oyo State High Court granted female Muslim students at the University of Ibadan International School the right to wear hijabs on top of their school uniforms, a decision that could have wider implications for religious freedom and educational policies.
These stories offer a glimpse into the dynamic landscape of Nigerian affairs, encompassing economic, political, legal, and social spheres. As the nation continues to grapple with challenges and seize opportunities, staying informed with major news about these developments is crucial for citizens, policymakers, and stakeholders alike.