TUESDAY 1ST DECEMBER 2020

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FG Laments Foreign Powers’Refusal to Sell Arms to Nigeria Sends delegation to condole with Borno over farmers' killing Our Correspondents The federal government yesterday attributed the delay in effectively routing Boko Haram, which it said it had technically defeated, to

global powers that are blocking Nigeria’s moves to acquire weapons to fight terrorism and win the insurgency war. Minister of Information and Culture, Alhaji Lai Mohammed, told reporters

in Makurdi, the Benue State capital, that the action of the world powers was frustrating Nigeria’s resolve to end the insurgency war. Mohammed, who was in Makurdi to visit the state

Governor, Dr. Samuel Ortom, spoke against the backdrop of the outrage generated by Saturday's killing of no fewer than 43 rice farmers by Boko Haram in Zabarmari, Borno State.

Zulum: Let's use mercenaries “Nigeria had made attempts to acquire better and more effective platforms to deal with terrorists and for one reason or the other, we have been denied these platforms; and without adequate platforms,

we will remain at the mercy of terrorists,” he lamented. Incensed by the killing, President Muhammadu Buhari in his second comment since Continued on page 8

Report: FG Should Unlock Investment, Prioritise Spending... Page 6 Tuesday 1 December, 2020 Vol 25. No 9367. Price: N250

www.thisdaylive.com TR

TODAY'S WEATHER

ABUJA 25°C-33°C

MAIDUGURI 31°C-31°C

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& RE A S O

ENUGU 25°C-28°C

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KANO 27°C-33°C

LAGOS 24C-27°C

PORT HARCOURT 20°C-30°C

CBN Grants Unfettered Access to Forex from Diaspora Remittances Clarifies eligible transactions in line with global best practices Obinna Chima The Central Bank of Nigeria (CBN) yesterday unveiled a new policy that grants unfettered access to Forex from Diaspora and other money transfer remittances like Western Union and MoneyGram. The bank also clarified transactions that are eligible under the policy in line with global best practices.

The policy allows beneficiaries of Diaspora remittances through International Money Transfer Operators (IMTOs) to henceforth receive such inflows in the original foreign currency through the designated bank of their choice. It explained that the new regulation is part of efforts to liberalise, simplify and Continued on page 8

"Anyone who receives foreign exchange through these remittances is free to use them as he deems fit without let or hindrance from their banks in any currency of their choice," Says CBN

OPEC Fails to Agree on January Crude Oil Output Emmanuel Addeh in Abuja with agency report The 108th meeting of the Organisation of Petroleum Exporting Countries (OPEC) yesterday failed to reach an agreement on January 2021 crude oil output, prompting the deferment of further discussions till today. The coalition is debating whether to maintain its supply cuts at current levels, or increase output as planned next year, with concerns that

if the group doesn’t deliver, the recent rally in crude prices could be undermined. After a video conference lasting about four hours, there was no opposition to the proposed three-month delay, but delegates said there was no consensus about the precise terms of the extension. Still unresolved were questions of members’ compliance with pledged cuts and compensation from Continued on page 8

WE CONDOLE WITH BORNO... L-R: President of the Senate, Dr. Ahmad Lawan; Borno State Governor, Prof. Babagana Zulum; and Chief of Staff to the President, Prof. Ibrahim Gambari, during the federal government’s delegation’s condolences to the governor in Maiduguri…yesterday

APC Begins Membership Registration, Revalidation December 12...Page 5


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TUESDAY 1ST DECEMBER 2020 by THISDAY Newspapers Ltd - Issuu