News
CBN Lifts Forex Ban On 43 Items, To Intervene In FX Market

The Central Bank of Nigeria (CBN) has lifted the forex ban on 43 items and also promised to intervene in the FX market from “time to time”.
The apex bank had in 2015 restricted the items from accessing FX from the I&E window, saying they were “not valid for foreign exchange and could be produced in the country. Items affected include rice, cement, palm kernel, meat and processed meat products, poultry, soap, and cosmetics among others.
But in a statement, the bank’s Director of Corporate Communications Isa AbdulMumin said the ban has been lifted.
“As part of its responsibility to ensure price stability, the CBN will boost liquidity in the Nigerian Foreign Exchange Market by interventions from time to time. As market liquidity improves, these CBN interventions will gradually decrease,” the Thursday statement read.
“Importers of all the 43 items previously restricted by the 2015 Circular referenced TED/FEMFPC/GEN/O1/010 and its addendums are now allowed to purchase foreign exchange in the Nigerian Foreign Exchange Market.”
“The Central Bank of Nigeria (CBN) will continue to promote orderliness and professional conduct by all participants in the Nigerian Foreign Exchange Market to ensure market forces determine exchange rates on a Willing Buyer- Willing Seller principle,” he added.
“The CBN reiterates that the prevailing Foreign Exchange (FX) rates should be referenced from platforms such as the CBN website, FMDCQ, and other recognised or appointed trading systems to promote price discovery, transparency, and credibility in the FX rates.
“As part of its responsibility to ensure price stability, the CBN will boost liquidity in the Nigerian Foreign Exchange Market by interventions from time to time. As market liquidity improves, these CBN interventions will gradually decrease.”
“The CBN has set as one of its goals the attainment of a single FX market. Consultation is ongoing with market participants to achieve this goal,” CBN added.
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News
2027: Ireti Kingibe Emerges ADC FCT Senate Candidate
The African Democratic Congress, ADC, has announced Senator Ireti Heebah Kingibe as the party’s flag bearer for the Federal Capital Territory senatorial election ahead of the 2027 general polls.
Kingibe secured a landslide victory in the party’s primary election, polling 17,535 votes to defeat her sole challenger, Mubarak Tijjani, who garnered 806 votes.
Declaring the results at the ADC secretariat in Abuja, the chairman and returning officer for the senatorial and House of Representatives primaries, Abubakar Adamu, confirmed Kingibe as the winner of the exercise.
The primary election also produced candidates for the two House of Representatives seats in the FCT.
In the AMAC/Bwari Federal Constituency, Bala Iyah emerged victorious with 4,937 votes, defeating Yahaya Fatima Goya, who polled 2,015 votes, while Ma’aji Johnson Bello secured 1,546 votes. Ismaila Ishak Ozigi received 105 votes.
For the Abaji/Gwagwalada/Kwali/Kuje Federal Constituency, Alhassan Salihu clinched the party’s ticket with 9,016 votes, defeating Khalid A. Haruna, who polled 2,955 votes.
Officials of the Independent National Electoral Commission monitored the conduct of the primaries.
News
Jonathan Can’t Stop President Tinubu’s Victory In 2027- Gov Namadi
Governor Umar Namadi of Jigawa State has expressed confidence that President Bola Ahmed Tinubu will secure victory in the 2027 presidential election, stating that no opposition candidate, including former President Goodluck Jonathan, can prevent the ruling All Progressives Congress (APC) from retaining power.
Namadi made the remarks after casting his vote during the APC presidential primary election held at his polling unit in Kafin Hausa Local Government Area of Jigawa State.
The governor reiterated his commitment to delivering more than one million votes for President Bola Ahmed Tinubu in the next general election, saying the target was realistic given the widespread support the APC enjoys across Jigawa State.
He noted that the large turnout witnessed during the primary election demonstrated the confidence party members and residents have in both President Tinubu and the APC-led administration.
According to Namadi, the peaceful and transparent conduct of the exercise also reflected the President’s respect for democratic values and internal party democracy.
The governor further stated that the outcome of the APC primary election signalled what to expect in the 2027 polls, predicting an overwhelming victory for the ruling party nationwide.
Namadi described Jigawa as one of the APC’s strongest support bases, pointing out that the state ranks among those with the highest number of registered voters in the country.
News
NDLEA Nab Chinese woman with drug shipment at Lagos airport
The National Drug Law Enforcement Agency has arrested a 63-year-old Chinese woman for allegedly attempting to smuggle a large consignment of Canadian Loud, a synthetic strain of cannabis, into Nigeria.
The suspect, described as Ting Hung Kiong who naturalised in Malaysia, was arrested on Sunday, May 17, 2026, upon arrival at the Murtala Muhammed International Airport, Lagos, from Thailand via Dubai on an Emirates Airline flight.
This was contained in a statement made available to the column.ng on (today) Sunday by NDLEA spokesperson, Femi Babafemi.
According to the agency, NDLEA operatives attached to the Terminal 2 Arrival Hall intercepted her after she was found to have two large travel boxes containing 31.0 kilograms of the illicit substance.
“During an interview, the 63-year-old suspect who claims she works as a caregiver in Malaysia stated that her daughter sponsored her trip from Malaysia to Thailand and subsequently to Nigeria.
“She further disclosed that she spent two weeks in Thailand, before she was handed the illicit consignment at the Thailand airport to deliver in Nigeria,” the statement read.

Meanwhile, the NDLEA also announced the interception of another major drug shipment at the Lagos airport import shed.

“Following close monitoring of the consignment by NDLEA operatives since its arrival from India aboard an Emirates Cargo flight, the 29 large cartons containing One Million, Eight Hundred and Twenty-Five Thousand, Seven Hundred and Ten (1,825,710) tablets of Tapentadol 250mg, worth Two Billion, One Hundred and Ninety Million, Eight Hundred and Fifty-Two Thousand Naira (N2,190,852,000) were eventually handed over to the NDLEA by the Customs Service on Friday 22nd May 2026,” it said.

In another operation at the Akanu Ibiam International Airport, Enugu, NDLEA operatives on May 20 arrested a suspect, Onyeka Valentine Emeka, during inward clearance of passengers on an Ethiopian Airlines flight from Sierra Leone via Addis Ababa.
The suspect, according to the agency, excreted 185.36 grams of cocaine while under observation.
Babafemi added that “at the Nnamdi Azikiwe International Airport, Abuja, a 29-year-old building engineer, Babatunde Prosper Afekhide was on Wednesday 21st May arrested by NDLEA operatives while attempting to board an Ethiopian Airlines flight from Abuja via Addis Ababa to Milan Malpensa, Italy.

“A search conducted on his luggage led to the recovery of 10,280 pills of Tramaking 225mg; Tramadol 200mg and Tapentadol 250mg. The opioids were concealed using foil paper and hidden inside a carton, in a suitcase, obviously to evade detection.
“In yet another operation at a courier company in Lagos, NDLEA operatives intercepted 1,174 pills of MDMA (Ecstasy) concealed in bicycle luggage carrier heading to Netherlands; 66 pills of tramadol 225mg hidden in soap container going to the United States and 18 tablets of tramadol 225mg concealed in body cream container heading to the United Kingdom,” the agency said.
In Edo State, operatives acting on intelligence raided Igwe community in Owan East Local Government Area, where 59 jumbo bags of skunk weighing 489kg and 9kg of cannabis seeds were recovered.
The agency also said a 30-year-old suspect, Isah Sani, was arrested with 196,000 pills of Exol-5 along the Zaria–Kano road in Kano State on May 20, while operatives at the Seme border in Badagry, Lagos, recovered 59kg of skunk from a warehouse in Mowo on May 19.
In Ekiti State, NDLEA operatives on May 23 raided a warehouse in Ikole-Ekiti and recovered 1,116 kilograms of skunk, arresting a 54-year-old suspect, Ogundana Adebayo Julius, in connection with the seizure.

The agency also disclosed continued nationwide War Against Drug Abuse (WADA) sensitisation activities in schools, worship centres and communities across several states.
Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (Rtd), commended officers involved in the operations and charged them to sustain the agency’s drug supply reduction and sensitisation efforts.
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