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Global Tariffs Tension: CBN Supports Forex Market with $197.71m

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By Tony Obiechina Abuja

The Central Bank of Nigeria (CBN) has intervened in the foreign exchange (FX) market with an injection of $197.71m.

This was disclosed in a statement at the weekend by the Director of the Financial Markets Department, Dr.

Omolara Omotunde Duke, who reaffirmed the bank’s commitment to upholding market integrity and operational transparency.

“In line with its commitment to ensuring adequate liquidity and supporting orderly market functioning, the CBN facilitated market activity on Friday, April 4, 2025, with the provision of $197.

71m through sales to Authorized Dealers,” the statement read.

“This measured step aligns with the Bank’s broader objective of fostering a stable, transparent, and efficient foreign exchange market.”

The initiative demonstrates the CBN’s strategic approach to FX market stabilisation, particularly in view of recent global macroeconomic events that continue to affect Nigeria and other Emerging Market and Developing Economies (EMDEs).

The Apex Bank noted that recent policy shifts, such as new import tariffs introduced by the United States on goods from several economies, have led to adjustments across global financial markets.

Furthermore, the price of crude oil, Nigeria’s main export and source of income, has decreased by more than 12 per cent and is currently trading at about $65.50 per barrel.

Nigeria and other oil-dependent countries face difficulties as a result of this sharp fall, which has an immediate effect on market sentiment and exchange rate volatility.

Despite these challenges, the CBN expressed confidence in the resilience of Nigeria’s FX market framework, highlighting its ability to respond effectively to evolving economic fundamentals.

The Bank also reiterated its commitment to maintaining sufficient liquidity to support uninterrupted market activity.

The CBN urged all Authorised Dealers to strictly follow the guidelines outlined in the Nigeria FX Market Code, emphasising the importance of transparency and ethical behaviour in all interactions with clients and market counterparties.

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Police Detain Woman for Alleged Killing of Co-wife in Bauchi

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The police command in Bauchi State, said it has apprehended a housewife over alleged killing of her co-wife following a domestic violence incident in Bauchi metropolis.

This was contained in a statement by the spokesman of the command, SP Nafiu Habib, on Monday in Bauchi.

He said that the command detained the suspect (name withheld) on Sept.

27 for alleged culpable homicide following a domestic incident at Tafawa Balewa Housing Estate in Bauchi.

Habib said that on Sept. 27, at about 4:05 p.m., the Police C-Division, Bauchi, received credible information that there was a domestic incident between two wives residing in the same household belonging to their husband.

He said that preliminary investigation revealed that the 33-year-old suspect, who is the second wife, allegedly acting under hallucinations, struck the first wife with pestle on the forehead, and the victim fell unconscious.

“Upon receipt of the report, detectives attached to C-Division immediately mobilised to the scene.

 “The scene was documented, and the victim was rushed to the Specialist Hospital, Bauchi, where she was certified dead by a medical doctor. The corpse has been deposited at the hospital mortuary for autopsy,” he said.

Habib said that the police recovered the pestle used in committing the offence.

He quoted the Commissioner of Police, Sani-Omolori Aliyu, as directing the transfer of the case to the State Criminal Investigation Department (SCID) for discreet investigation and prosecution.

Aliyu condoled with the bereaved family and cautioned against domestic violence.

The CP also advised husbands to seek timely medical and psycho-social support for members of their families exhibiting mental health challenges. (NAN)

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FRSC Deploys 170 Ambulances Nationwide for Emergency Rescue

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The Federal Road Safety Corps (FRSC) has deployed more than 170 ambulances across the country as part of efforts to strengthen emergency response and rescue operations on Nigerian roads.

The Corps Public Education Officer (CPEO), Osondu Ohaeri, disclosed this on Monday in Abuja, while responding to questions on the operational capacity of the corps emergency ambulance network and its response to Road Traffic Crashes (RTCs).

Ohaeri said the FRSC had the largest number of ambulances among emergency response agencies in Nigeria, with more than 170 ambulances and 60 Zebra points across the country.

He said the figure should however not be interpreted as the number of ambulances currently operational or serviceable as of September 2026.

According to him, an accurate current figure of serviceable ambulances will require the latest fleet-status report from the corps medical and rescue office.

He explained that the figures demonstrated the scale of the corps emergency response network, while the availability of individual ambulances was managed operationally based on their location, condition and assignment.

On the adequacy of the ambulances for emergency rescue, he said the corps continued to maintain and deploy its assets as part of its emergency response responsibilities, stressing that the status of individual vehicles could vary depending on their operational condition and assignment.

The CPEO said the corps was also focused on improving its emergency response capacity, particularly by strengthening rescue deployment and collaboration with other relevant agencies.

He also said that the corps had historically recorded an average response time of about 15 minutes under its documented emergency-response programme.

He cautioned against presenting the figure as the current nationwide average without updated operational data.

According to him, response time varies depending on several factors including the location of a crash, traffic congestion, distance from the nearest ambulance point and accessibility of the crash scene.

He added that the accuracy and timeliness of information provided by callers could also affect the speed with which rescue teams reached crash scenes.

Other factors he said include the possibility of emergency teams responding to other incidents simultaneously.

Ohaeri stressed that the corps had identified faster response to road traffic crashes and other emergencies as one of its management priorities in 2026.

He said efforts were therefore ongoing to strengthen rescue deployment and inter-agency collaboration to improve emergency response to road crashes.

He added that the FRSC remained committed to improving emergency rescue operations, strengthening the deployment of its resources and working with relevant stakeholders to ensure better outcomes for road crash victims.

He reiterated that complaints concerning emergency response, evacuation, treatment of victims or other forms of alleged misconduct should be channeled through the appropriate authorities for investigation and necessary action.

The CPEO further assured that the corps would continue to strengthen its emergency response mechanisms as part of broader efforts to reduce the consequences of road traffic crashes and improve the safety of road users nationwide.(NAN)

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NBA Decries Rising Insecurity in Plateau, Urges Urgent Action

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The Nigerian Bar Association (NBA) has decried the spate of security challenges currently confronting Plateau and other parts of Nigeria.

The Chairman of Jos Branch of the association, Morgan Dung, said this during a joint news conference on Monday in Jos.

Dung spoke on behalf of the Jos, Bukuru and Pankshin branches of the association.

The chairman particularly decried the recent attacks and killings in Mangu, Barkin-Ladi, Riyom, Bokkos, Bassa, Wase and Kanam Local Government Areas (LGAs) of the state.

Dung, who described the continuous killings of innocent residents as “unfortunate and unacceptable”, called on the Federal Government and the security agencies to tackle the menace.

“The protection of lives and property remain the most fundamental responsibility of government as contained in section 33 of the 1999 Constitution as amended.

“NBA frowns at the inability of the government to prevent the continuous loss of lives and property in Plateau and beyond.

“We particularly condemn the recent killing of members of community vigilantes at their duty posts in Mangu, Barkin-Ladi, Riyom, Bokkos and Bassa LGAs

“We call on the government and security agencies to bring the perpetrators to book. This menace must also stop,”he said.

Dung, however, commended president Bola Tinubu over his recent visit to Plateau and the move to establish State Police in the country.

He further called on the government to sponsor an executive bill to fully domicile security issues under the concurrent legislative list.

Dung urged the government to properly and adequately equip security agencies, strengthen border surveillance and secure all forests serving as hideouts for bandits and other criminal elements.

The chairman also commended Gov. Caleb Mutfwang for revamping Operation Rainbow, a state-owned security outfit and training of 2,000 personnel of the neighbourhoods watch.

He, however, called for the licensing of Operation Rainbow to operate with kinetic facilities, implement the anti-land grabbing law and provide structures for police division and forward operation bases in the state.

Dung advised security agencies to deploy more personnel and equipment to flashpoints in the state, insisting that such a move would ensure prompt response to threats.

The chairman, who called on the judiciary to ensure timely dispensation of terrorism cases, advised governors to sign death warrants of convicted terrorists to serve as a deterrent to others.

He pledged NBA’s readiness to promote access to justice, document evidence of atrocities and pursue public interest litigation to ensure accountability (NAN)

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