News
Reps invite CBN gov for lifting forex ban on toothpicks, others
The lifting of the ban on foreign exchange for 43 items by the Central Bank of Nigeria may ruin local economy, a member of the House of Representatives, Sada Soli, warned on Tuesday on the floor of the House of Representatives.
This is just as the House invited the Governor of the Central Bank of Nigeria, Yemi Cardoso, to appear before it following the apex bank’s decision to lift the foreign exchange ban on fertiliser, cement, toothpick, and 40 other items.
The 43 items were in 2015 restricted from accessing forex at the official market rate.
CBN’s sudden decision to lift the ban comes against the backdrop of high volatility levels experienced in the foreign exchange market owing to the unification of all trading windows into the investors’ and exporters’ window (the official FX market) by President Bola Tinubu’s administration.
The apex bank had in a statement issued by its Director of Corporate Communications, Isa AbdulMumin said, “The CBN reiterates that the prevailing Foreign Exchange (FX) rates should be referenced from platforms such as the CBN website, FMDQ, and other recognised or appointed trading systems to promote price discovery, transparency, and credibility in the FX rates.”
At a plenary session on Tuesday, the Green Chamber passed a resolution to summon the CBN governor following the adoption of a motion of urgent public importance sponsored by Sada Soli, a member of the House representing Jibia/Kaita Federal Constituency, Katsina State on the platform of the All Progressives Congress.
Justifying the significance of the motion, Soli said the decision of the apex bank may lead to the closure of factories and ultimately erode the nation’s capacity to build the local economy.
In his words, it is doubtful if the new policy would make any meaningful impact on the Nigerian economy, stressing that “middlemen” may take undue advantage of it for their own good.
Contributing to the motion, a lawmaker representing Oshodi/Isolo II Federal Constituency, Lagos State, Jesse Onuakalusi, called for the immediate reversal of the policy until the House concludes a legislative action on the matter; a prayer that was rejected by the lawmakers.
An amendment to the motion by Kingsley Chinda, representing Obio/Akpor Federal Constituency, Rivers State noted that the Cardoso should appear before the House Committee on Regulatory Banking, Finance and Customs to explain the rationale behind the lifting of the ban was thereafter adopted.
News
Lagos, FG Hold Stakeholders’ Meeting Over Coastal Highway Flooding
The Lagos State Government and the Federal Ministry of Works are meeting with key stakeholders today to address flooding concerns along the Lagos-Calabar Coastal Highway corridor.
The meeting, directed by President Bola Tinubu, brings together officials from the Lagos State Government, the National Assembly, the Federal Ministry of Environment and other stakeholders to agree on lasting solutions.
Minister of Works, Dave Umahi, says the coastal highway did not cause the flooding. Instead, he says the road’s culverts have improved the flow of stormwater, while existing drainage problems and poor waste disposal remain major causes of flooding in affected communities.
Umahi announced plans to build new drainage channels and service lanes, warning that some buildings will be demolished to make way for the project.
He also ordered stricter enforcement against illegal dumping, street trading and illegal parking along the corridor.
Chairman of the Senate Committee on Works, Allwell Heacho Onyesoh, backed the minister’s position, saying experts had shown lawmakers that flooding in Lagos predates the coastal highway.
The Federal Government says the meeting will produce a coordinated plan to improve drainage, protect infrastructure and reduce future flooding.
News
Senate hails Nigerian Army at 163
In a statement issued by the Chairman of the Senate Committee on Army, Senator Abdulaziz Musa Yar’Adua (APC, Katsina Central), said this year’s celebration marks 163 years of the Nigerian Army’s service to the nation.
The Senate on Monday congratulated the Chief of Army Staff, Lieutenant General Waidi Shaibu, officers, soldiers and veterans of the Nigerian Army on the occasion of the 2026 Nigerian Army Day Celebration, describing the anniversary as a significant milestone in the country’s military history.
In a statement issued by the Chairman of the Senate Committee on Army, Senator Abdulaziz Musa Yar’Adua (APC, Katsina Central), said this year’s celebration marks 163 years of the Nigerian Army’s service to the nation
The upper chamber also urged officers and soldiers to remain professional, steadfast and committed to their constitutional responsibilities, assuring them of the Senate’s continued support.
He noted that for more than a century, the Army has remained at the forefront of defending Nigeria’s sovereignty, territorial integrity and national security.
Commenting on the theme of the 2026 celebration, “Protecting the Nation and Serving the People: A Way Forward for the Nigerian Army,” Yar’Adua said it reflects the Army’s constitutional mandate and the importance of strengthening its relationship with the public.
News
NGE to host Lateef Jakande 2026 Memorial Lecture: “The Media, INEC, Voters and Path to Credible Elections.”
The Lateef Jakande Memorial Lecture is an annual lecture series instituted by the NGE in 2023 to honour the legacy of Alhaji Lateef Jakande, the late iconic journalist, who was one-time President of the Guild, former Lagos State Governor, and former Minister of Works.
Photo: Eze Anaba (President) NGE
The Nigerian Guild of Editors (NGE) will on July 23, 2026 host the 4th Lateef Jakande Memorial Lecture in Lagos.
The Lateef Jakande Memorial Lecture is an annual lecture series instituted by the NGE in 2023 to honour the legacy of Alhaji Lateef Jakande, the late iconic journalist, who was one-time President of the Guild, former Lagos State Governor, and former Minister of Works.
In a press statement signed by Eze Anaba (President) and Onuoha Ukeh (General Secretary), the lecture will holds at the Sheraton Hotel, Ikeja, Lagos, with theme: “The Media, INEC, Voters and Path to Credible Elections.” Time is 11am.
The Guild said that Prof Sylvester Odion Akhaine of the Department of Political Science, Lagos State University, will deliver the lecture, with former Governor of Ekiti State, Dr. Kayode Fayemi, as Chairman. Expected at the lecture is Lagos State Governor, Babajide Sanwo-Olu, who is the Chief Host and Special Guest of Honour; Minister of Information and National Orientation, Alhaji Mohammed Idris; elders of the Guild, including former Governor of Ogun State, Chief Segun Osoba and publisher of Vanguard group of newspapers, Uncle Sam Amuka; top government officials, managing directors and editors of print, electronic and online publications and civil society groups.
Also expected at the lecture are Mass Communication and Journalism lecturers and students of Caleb University, Ikorodu, Lagos; Lagos State University, Ojo, Lagos; Yaba College of Technology, Yaba, Lagos and Nigerian Institute of Journalism, Ogba, Lagos.
The statement said that the Lateef Jakande Memorial Lecture brings together media leaders, public officials, and civil society to reflect on nation-building, governance, and the role of the press, describing it as “a fitting tribute to Alhaji Jakande’s legacy, which embodies dedication to journalism, governance, and service to Nigeria.”
It added: “The Lateef Jakande Memorial Lecture continues to serve as a platform for thought leadership, policy debate, and national introspection, while keeping alive the standard Jakande set in journalism and public service.
“The Guild also said that University students are invited to the lecture every year for them “learn the value of service, excellence and dedication to journalism and public service as well as for them to connect with practising journalists who could serve as their role models in the profession.”
The Jakande Memorial Lecture started in 2023, with a lecture delivered by Chief Felix Adenaike, Fellow of the NGE.
In 2024, Prince Nduka Obaigbena, Chairman of ThisDay and Arise Mews TV, spoke on “Rapid Changing Media Landscape: Survival Strategies.”
The third edition last year had the theme: “Journalism and the Challenge of Nation-Building in a Multi-Ethnic Society” and delivered by Bauchi State Governor, His Excellency, Senator Bala Mohammed.
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