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November 23, 2023

November 23, 2023November 23, 2023 IFMNEWS

CBN Governor Yemi Cardoso To Address Nation On Monetary Policy, Naira Fall

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, is scheduled to make a national address tomorrow, November 24, 2023, at 7 pm, according to a reliable source close to the CBN governor who chose to remain anonymous.

This forthcoming address holds significant importance for Governor Cardoso, marking his inaugural public engagement since assuming the position of CBN Governor over two months ago, following his appointment by President Bola Tinubu.

Governor Cardoso's speech is anticipated to delve into a comprehensive explanation of the CBN's monetary policy and strategic plans, focusing on addressing the challenges facing the national currency, the Naira. Given the economic uncertainties, this communication aims to offer transparency and reassurance to the public.

The announcement follows President Bola Tinubu's nomination of Cardoso as CBN Governor on September 15, a decision prompted by the suspension of the former Governor, Godwin Emefiele, on June 9. Four deputy governors were appointed alongside Cardoso, including Emem Usoro, Muhammad Dattijo, Philip Ikeazor, and Bala M. Bello.

However, since assuming office, Governor Cardoso has been criticised for not convening the bi-monthly Monetary Policy Committee (MPC) meeting, the apex bank's highest policy-making committee. The last MPC meeting took place on July 25. The MPC is instrumental in reviewing economic and financial conditions, determining short to medium-term policy stances, regularly evaluating the CBN monetary policy framework, and effectively communicating policy decisions to the public.

November 23, 2023

November 23, 2023 IFMNEWS

NAFDAC Seizes Expired And Revalidated Pharmaceuticals Worth N15m In Jos

The National Agency for Food and Drug Administration and Control (NAFDAC) has confiscated expired but revalidated pharmaceuticals valued at N15 million from a pharmacy in Jos. Additionally, it has seized unregistered alcoholic beverages exceeding N30 million from establishments in the Plateau capital and nearby Bukuru metropolis.

Mr. Shaba Mohammed, the Director of NAFDAC North Central Zone, revealed on Thursday in Jos that the agency had received reports indicating the sale of expired drugs by the pharmacy. According to Mohammed, the pharmacy altered expiry date markings on pharmaceuticals to extend their shelf lives.

During NAFDAC's intervention, a room in the pharmacy was discovered filled with drugs whose expiration dates had been erased, awaiting the imprint of new dates. Mohammed noted, "These pharmaceuticals consist of both oral and injectable."

In response to the findings, NAFDAC has sealed the pharmacy and apprehended the pharmacist who failed to produce a current license to practice and the current operational license of the pharmacy.

Mohammed cautioned the public against purchasing pharmaceuticals from unregistered pharmacies, emphasizing the importance of reporting drug-related complaints promptly to the nearest NAFDAC office.

He also advised consumers of beverages and packaged foods to always check for NAFDAC registration numbers on products. Mohammed assured that NAFDAC's raids on pharmacies and shops in Plateau would persist until the state was free of substandard products.

November 23, 2023

November 23, 2023November 23, 2023 IFM Social Media

Don Jazzy Reacts As Regha Asks Him To Adopt Children

In a recent social media commentary, Daniel Regha, a well-known commentator, suggested that Don Jazzy, the renowned record producer and music executive, should contemplate adopting children.

While acknowledging that marriage might not be everyone's preference, Regha urged the Mavin boss to consider adopting a child who could carry on his legacy.

Expressing his viewpoint on his social media handle, Regha stated, "Don Jazzy not being married isn’t an issue; not everyone fancies marriage. But he should adopt a kid, at least, someone who can preserve and carry on his legacy long after he’s gone. Being a dad should be among his top priorities now; adopting is always an option. No offense."

In response to this suggestion, Don Jazzy reacted humorously, saying, "Let me adopt you, Daniel, since you lack a father figure in your life. A proper nuisance."

It's worth noting that Mr. Collins Enebeli Ajereh, Don Jazzy's father, emphasized in a recent interview that he does not pressure his 40-year-old son to get married, emphasizing that marriage is a personal decision.

November 23, 2023

November 23, 2023November 23, 2023 IFMNEWS

Senate Asks Wike To Revisit CCTV Project In Abuja

The Senate has urged the Federal Capital Territory (FCT) Minister, Nyesom Wike, to reexamine the Abuja closed-circuit television (CCTV) project, which faced a setback when a N500 million contract for installing cameras within and outside the Federal Capital Territory did not materialize.

This decision follows a motion presented by Senator Ned Nwoko, representing Delta North, who raised concerns about the increasing incidence of kidnappings in the FCT. Senator Nwoko specifically highlighted the recent abduction of his senior legislative aide, Chris Agidy, and 18 others from their residences in the Galadimawa area of Abuja.

According to Senator Nwoko, reliable police sources have confirmed that out of the 19 individuals abducted, 12 have tragically lost their lives, while seven remain in the custody of the kidnappers. In response to this alarming situation, the Senate has called for a collaborative operation involving the Army to intensify search efforts for the kidnapped victims.

Furthermore, the Senate has directed the Inspector General of Police, Kayode Egbetokun, to oversee the implementation of CCTV installation in and around the FCT. This measure aims to enhance security and deter future kidnappings, reflecting the Senate's commitment to addressing the pressing issue of insecurity within the nation's capital.

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