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  The Central Bank of Nigeria (CBN) has issued new directives aimed at regulating the foreign exchange (forex) market and curbing potential abuses. The new guidelines, which came into effect recently, impose stricter limits on Bureau de Change (BDC) operators and introduce penalties for non-compliance, including potential license suspension. Key Highlights of the New Forex Regulations: Limited Forex Purchases for BDCs: BDCs can now only purchase a maximum of $25,000 per week from a single authorized dealer bank. This measure aims to prevent BDCs from approaching multiple banks to accumulate large forex allocations, thereby reducing the risk of misuse. Maximum Disbursement Limit: BDCs now have access t  o a maximum disbursement of $5,000 per transaction per quarter for eligible transactions such as business and personal travel allowances, overseas school fees, and medical expenses. Price Ceiling for BDCs: BDCs are mandated to sell forex to end-users at a rate not exc...

  Japan Airlines and Delta Collision at Seattle-Tacoma: FAA to Investigate A Japan Airlines Boeing 787-9 Dreamliner collided with the tail of a Delta Air Lines Boeing 737-800 while taxiing at Seattle-Tacoma International Airport (SEA) on February 5, 2025. The Federal Aviation Administration (FAA) confirmed the incident, which led to temporary flight pauses at SEA as investigations began ( FAA, 2025 ). The accident occurred at 10:40 a.m. local time (1840 GMT). Delta’s aircraft, bound for Puerto Vallarta, Mexico, had 142 passengers onboard and was waiting for deicing when the Japan Airlines jet struck its tail ( Delta Air Lines, 2025 ). The Japan Airlines plane had just landed from Tokyo. Immediate Response and Investigation No injuries were reported. Delta transferred passengers to another aircraft ( Delta Airlines, 2025 ). The FAA has launched a formal investigation, with Delta confirming full cooperation ( FAA, 2025 ). Operational Disruptions at SEA The FAA temporarily pause...

  Tammy, Theo, and Milan’s New Stars Shine – Player Ratings from Italian Papers AC Milan booked their spot in the Coppa Italia semi-finals with a commanding 3-1 win over AS Roma at San Siro. The match featured stellar performances, new signings making an immediate impact, and a victory that thrilled the Rossoneri faithful. Let’s dive into the player ratings from top Italian sports outlets. Match Recap: Abraham and New Signings Steal the Show Tammy Abraham opened the Milan vs Roma match by scoring with a powerful header before doubling his tally with a precise finish on the counter (La Gazzetta dello Sport, 2024). Roma briefly threatened a comeback as Artem Dovbyk found the net early in the second half, but Milan’s new recruits put the game to bed. Santiago Gimenez set up Joao Felix, who delivered a clinical chipped finish to seal the win (Corriere dello Sport, 2024). Player Ratings from Italian Media La Gazzetta dello Sport (2024) Milan Team Rating : ⭐ 7/10 Sergio Conceicao (Manag...

  India and US: The Deportation Controversy and What It Means for Nigerians India is currently engaging with the United States after reports surfaced of Indian deportees being shackled during a 40-hour flight back to India. On Wednesday, a US military plane landed in Amritsar with 104 Indian deportees who had entered the US illegally. The use of restraints during the flight sparked outrage, with critics condemning the treatment as inhumane. While India’s Foreign Minister, S. Jaishankar, clarified that women and children were not restrained, the situation has stirred political backlash, including condemnation from Indian opposition MPs. The incident has put a spotlight on the broader issue of how deportees are treated in international immigration processes. In light of the US government's strong stance on deportations, the question arises: What can Nigerians learn from this situation? Nigerians, especially those considering international migration, need to be aware of the risks asso...