Q&A: What the EU is doing about the migrant crisis
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Saturday, 23 January 2016
IMMIGRATION & POLICY
OPINION
China: Underground move that killed Nigeria’s textile industry
By Odimegwu Onwumere
OPINION/IMMIGRATION
Germany: The trouble with being good
Markus Ziener
Markus Ziener
IMMIGRATION
French PM says refugee crisis threatening idea of EU
A French riot policeman stops migrants in a field near
Calais, France, as migrants gather in the hopes of attempting to board lorries
and making their way across the Channel to Britain .
LONDON (Reuters) - French Prime Minister Manuel Valls said
Friday Europe cannot cope with the number of refugees arriving at its borders
and that the influx was threatening the idea of the European Union.
Thursday, 21 January 2016
EUROPE NEWS
Europe on the verge of collapse: Soros
Soros |
Billionaire financier George Soros has warned that the
European Union is on the "verge of collapse" over the migrant crisis
and is in "danger of kicking the ball further up the hill" in its
management of the issue which has seen more than a million migrants and
refugees arrive in the region in 2015.
Wednesday, 20 January 2016
LAW & PUNISHMENT
Ghana’s president sacks two corrupt judges caught on tape
for bribery
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Justice Ernest Obimpeh |
Ghana’s President John Dramani Mahama has ordered the
immediate removal of Justice John Ajet-Nasam and Justice Ernest Obimpeh from
the office of Justice of the High Court. Reports say this is a
result of revelations from the leaked videos made public by anti-corruption
crusader, Anas Aremeyaw Anas. as well as President Mahama’s acceptance of the
recommendations of a 5-member Impeachment Committee which investigated the
conduct of the indicted justices.
PROTEST
10 synchronized protests to rock Ghana on Wednesday

OPINION
As Ngige laments
the jobs cut
By Odimegwu Onwumere
Ngige, Minister of Labour & Employment |
In the labour front
something called jobs cut is fetching primacy. It is becoming a phenomenon
across the world – from America to Africa and from the United Kingdom to United
Arab Emirate – the story is the same. It
is hitting Nigeria dangerously due to the economic slump that the country is
experiencing. This has pushed the Federal Government through the Minister of
Labour and Employment, Dr. Chris Ngige, to complain.
IMMIGRATION POLITICS & POLICY
Norway deports refugees who biked across Russian border in
sub-zero temperatures
Tuesday, 19 January 2016
BANKING & FINANCE
Nigeria: Customers can now transfer foreign currency, says Banks
CBN Governor, Godwin Emefiele |
Deposit Money Banks in the country are now allowing
customers to transfer foreign currency cash deposits made into their domiciliary
accounts. The announcement from the banks started coming in four days
after the Central Bank of Nigeria lifted the ban on foreign currency deposits.
The CBN had on Monday said holders of ordinary domiciliary
accounts were allowed to deposit foreign currencies into their accounts, a move
that ended a six-month embargo on the DMBs from receiving cash deposits from
the customers.
The Head, Media and External Relations, FirstBank of
Nigeria, Mr. Babatunde Lasaki, confirmed to our correspondent on Saturday,
"Banks can do transfer now. We sent messages to some of our customers
yesterday (Friday)."
The message sent to customers read in part, "Please be
informed of the following: Customers can make foreign currency cash deposits
into their FirstBank domiciliary accounts without restrictions.
"We have recommended the transfer of US dollar and
other currencies for our customers who make such cash lodgements subject to the
monthly limit of $10,000. A flat rate of two per cent on the sum to be
transferred is to be charged on all the transfers. We implore all branches to
re-commence foreign currency transactions for all our customers."
In an emailed statement sent to customers on Saturday,
Guaranty Trust Bank, also said, "We are pleased to inform you that you can
now transfer foreign currency cash deposits made into your GTBank domiciliary
account(s) via internet banking, mobile app or at any of our branches
nationwide, subject to a daily cumulative limit of $10,000."
Similarly, Sterling Bank, in an email to customers on Friday
night, said, "We are pleased to inform you that effective Monday, January
18, 2016 you will be able to transfer cash deposits from your foreign currency
domiciliary accounts, up to a maximum of $10,000 per transaction. Kindly visit
any of our branches to submit your request as applicable."
The PUNCH had on Friday reported that bank customers were
shying away from making cash deposits into their domiciliary accounts.
A currency strategist at Ecobank Nigeria, Mr. Kunle Ezun,
had, three days after the lifting of the ban on cash deposits into domiciliary
accounts, said the CBN would need to come back to the banks and provide a
clearer view about what the banks would do about the cash deposits in their
vaults.
He said, "With what they have done now, it is now a
win-win situation. The banks will be happy to do business. Then again it allows
the naira to have a sort of cushion. People can now do wire transfer to and
from abroad. It will create a free flow of funds in the market.
"People who have dollars can bring it in now and banks
can do transfer for them. With this, the market will calm a bit next week and
we expect to some appreciation in the naira in the parallel market."
The CBN had in a circular on August 5, 2015 banned the
payment of cash into domiciliary accounts in a bid to stop illicit financial
flows in the Nigerian banking system.
EUROPEAN UNION & IMMIGRATION
End of Europe?
Berlin, Brussels' shock tactic on migrants
By Alastair
Macdonald and Noah Barkin
Monday, 18 January 2016
SPEECH
EDUCATION
NUC releases list of Nigeria’s top 100 universities
The National
University Commission (NUC) has released its annual university rankings. In the
ratings to determine the country’s best institutions in 2015, the University of
Ibadan in Oyo state has been rated as the top tertiary institution in Nigeria. See the
full list after the cut
OPINION
Excuse me, Rev, Dr. Prempeh Agyemang
By Daniel Danquah Damptey
On Tuesday, January 5, 2016, I listened to the Good Evening,
Ghana Programme hosted by Paul Adom Otchere.
The Guest was Reverend Dr. Prempeh Agyemang. The discussion was on Prophetic Revelation which
was sequel to Rev Owusu Bempah’s prophecy that Nana Addo Dankwa Akufo Addo has
the key to the Flagstaff House. Abeeku Santana featured on the same programme as
one of the guests and occasionally, he threw one or two occasional jab here and
there to indicate where his allegiance was.