BREAKING: CBN stops selling FOREX to Bureaux de change

The Central Bank of Nigeria (CBN) on Tuesday stopped sale of foreign exchange to bureaux de change.

The apex bank also accused international bodies operating in Nigeria of sabotage.

The CBN governor, Godwin Emefiele, who spoke shortly after the Monetary Policy Committee (MPC) meeting, accused BDCs of deliberate economic sabotage and misusing the weekly $20,000 allocation to them.

He also said CBN will no longer renew licences of BDCs.

Emefiele also accused international agencies and embassies operating in Nigeria of illegally patronising BDCs.

According to him, international development finance institutions, embassies and others are supposed to patronise the importer and exporter window, where there is transparency.

Henceforth, previous allocation of foreign exchange to BDCs will now be given to banks to sell to customers.

In addition, the CBN governor accused BDCs of dollarisation of the Nigerian economy.

Some other allegations against BDCs are that: they have become an avalanche of rent seeking operators; owners owning multiple BDCs; and financing unauthorized transactions.

Details later…

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True! Consuming Rotten Tomatoes May Cause Liver Cancer

CLAIM: A Facebook user claims that the consumption of rotten tomatoes, popularly known as Esa in South-West Nigeria, can cause liver cancer.

VERDICT: The claim that the consumption of rotten tomatoes can cause liver cancer is true. The WHO noted that consuming mycotoxins found in rotten tomatoes can lead to long-term effects such as immune deficiency and cancer.

FULL STORY: A Facebook user, Adebisi Yusuff Adebayo, in a post, claimed that rotten tomatoes contain fungi which produce a toxin that may cause liver cancer.

According to the post, boiling and frying it does not help remove the fungi completely.

It reads: “Share with others who buy spoilt tomatoes. Spoilt tomatoes (what Yoruba called Esa) contain a fungi that produces a toxin that may cause liver cancer. Don’t buy it because it is cheaper.BREAKING: CBN stops selling FOREX to Bureaux de change

BREAKING: CBN stops selling FOREX to Bureaux de change