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New Year Celebrations Banned in Turkey over ‘security’ fears

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Authorities in Turkey will not allow New Year celebrations at Istanbul’s iconic Taksim Square for security reasons. Ismail Kilic, local police chief of Istanbul’s Beyoglu district, said security measures had been doubled this year following a string of attacks over the past two years.

“Measures for New Year will be at the highest level,” he was quoted as saying by state-run news agency Anadolu. Turkey has suffered a series of terror attacks attributed to Kurdish militants and the Islamic State group, including a shooting at popular Istanbul nightclub Reina during a New Year 2016-17 party in which 39 people were killed.

“We will double the measures because the Reina assailant changed his location having seen the measures at Taksim,” Kilic said.

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Nigeria: CBN monetary policy rate remains at 14%.

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The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent.

The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja.



He explained that all the eleven members of the committee that attended the meeting agreed to maintain the current monetary policy stance.

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He said apart from the MPR which was retained at 14 per cent, the committee also retained the Cash Reserves Ratio at 22.5 per cent.

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Also retained are the Liquidity Ratio which was left at 30 per cent; and the Asymmetric Window which was left at +200 and -500 basis points around the MPR.

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Nigeria: Council of State reaches final pegs new minimum wage at 27,000

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The National Council of State presided over by President Muhammadu Buhari has approved the sum of N27,000 as the new minimum wage.



The national council approved the sum during an ongoing meeting at the Presidential Villa in Abuja.

The meeting had in attendance former presidents like Olusegun Obasanjo, Goodluck Jonathan and the Senate President, Bukola Saraki, among others.

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