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The Central Bank of Nigeria has announced its plans of obtaining all statutory approvals and support necessary to restructure and reposition the Nigerian Commodities Exchange (NCX) within the next 90 days.
This disclosure was made today by the Governor of the CBN, Mr. Godwin Emefiele at the Inaugural Meeting of the Steering Committee, set up to reposition the exchange.
Mr. Emefiele emphasized that the apex bank had gotten a prior approval from the President, Muhammadu Buhari to restructure the NCX, in a bid to stabilize food prices in the country.
Commenting on the plans, Mr. Emefiele said:
“In the next 90 days we should be able to really begin the first launch and this will involve approvals on repositioning, restructuring, setting up bureaus, board structures, board committees, governance committees.’’
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#ENDSARS: Sanwo-Olu updates Buhari, says rebuilding of Lagos in progress
Mr Sanwo-Olu says the state government will need more support from both public and private sectors to be able to complete the rebuilding process. 2 min read
President Muhammadu Buhari on Thursday met behind closed doors with Governor Babajide Sanwo-Olu of Lagos State at the State House, Abuja.
Addressing State House Correspondents at the end of the meeting, the governor said he updated the president on the progress so far made in the ongoing reconstruction of the state.
The reconstruction was as a result of the destruction and damages caused by the
Olalekan Adetayo, Abuja
Lagos State Governor, Babajide Sanwo-Olu, on Thursday met behind closed doors with the President, Major General Muhammadu Buhari (retd.), at the Presidential Villa, Abuja.
At the end of the meeting, the governor told State House correspondents how his government is managing the second wave of COVID-19 in the state and how it is trying to rebuild the infrastructure destroyed during the #EndSARS protests.
On COVID-19, the governor regretted that the state remains the epicentre of the virus while noting that the second wave appears more infectious than the first.
Sanwo-Olu disclosed that more patients in the state are in need of oxygen, hence the decision of his government to build 10 oxygen tents.