BAKKACIMA BLOG

  After last month's election resulted in a hung parliament, a former Maoist leader who oversaw a decade-long uprising against Nepal's monarchy was chosen as prime minister for the third time in coalition with the main opposition. The opposition communist Unified Marxist-Leninist (UML) party and other relatively small organisations will support Pushpa Kamal Dahal in leading the new government for the first two years of the five-year term, according to party officials on Sunday. Pushpa Kamal Dahal continues to go by his pen name Prachanda, which means "terrible" or "fierce." President Bidhya Devi Bhandari's adviser Tika Dhakal informed the news agency Reuters that "he has been appointed and commands the support of a vast majority of parliament." Prachanda will take the oath of office on Monday and, later this week, demonstrate his majority in the 275-member house. Seven parties have formally endorsed him.

  The Central Bank of Nigeria - CBN, has directed Deposit Money Banks - DMBs, Other Financial Institutions - OFIs and Non-Bank Financial Institutions - NBFIs local financial institutions against having any transactions in crypto or facilitating payments for crypto exchanges. The  apex bank disclosed this today in a letter to all DMBs, OFIs and NBFIs. The regulator noted that “breaches of this directive will attract severe regulatory sanctions.” The circular signed by Director of Banking Supervision, Bello Hassan stated:” The CBN circular of January 12, 2017 ref - FPRIDIRGENT R/06/010 which DMBs, NBFIs and OFIs and members of the public on the risks associated with transactions  in crypto currency refers. “Further to other regulatory directive on the subject, the bank hereby wishes to remind regulated institutions that dealing in crypto currencies or facilitating payment from cryptocurrency exchanges is prohibited. “Accordingly, or DMBs, OFIs, NBFIs, are advised to identi...

  A suspected rapist believed to be from the northern part of Nigeria was beaten to coma by a mob for raping and plucking out the eyes of his victim in Akure, the Ondo state capital. The suspect and the victim are said to still be in a state of unconsciousness at the state police clinic in the state’s capital. It was gathered that the ugly incident occurred at Oluwatuyi area of Akure metropolis. Sources said that the suspect ambushed the