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CBN stops forex sale to BDCs – Retains policy parameters

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Central Bank of Nigeria CBN Governor Mr Godwin Emefiele on Tuesday disclosed that foreign exchange sales to Bureau De Change (BDC) operators in the country have ceased.

The CBN Governor, who made the disclosure at a media briefing after the July Monetary Policy Committee (MPC) meeting of the bank, noted that the BDCs have become a fulcrum for corrupt Nigerians to launder money and wreck the economy.

He also described them as conduits for fraudsters to conduct illicit flows all to the detriment of the country.

He also announced that the Monetary Policy Committee (MPC) of the apex bank has retained all policy parameters, leaving the Monetary Policy Rate (MPR) at 11.5 per cent; asymmetric corridor of +100/-700 basis points around the MPR; the CRR at 27.5 per cent; and Liquidity Ratio at 30 per cent.

On ending Forex supplies to BDCs, Emefiele said the apex bank can no longer fold its hands and allow their unwholesome practices to blossom.

He noted that the forex hitherto allocated to them will now be channelled to Deposit Money Banks (DMBs) to manage.

He warned banks not to hoard Forex as customers have been asked to contact the apex bank and report such intolerable acts.

Emefiele said that the move was not punitive but to ensure financial stability.

Culled from the Sun News Nigeria

Houston

Houston Gets a Taste of West Africa at Chef Kavachi’s ‘Art of Fufu’ Show, August 8

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When it comes to international culinary gems and cultures across the United States, the city of Houston is counted among one of the best places to experience an authentic taste of every corner of the world.

 On the evening of Friday, August 8th, Houstonians will have a chance to engage all of their senses into the world of real West African flavors at Grubido’s ‘Art of Fufu’ Food & Art Show, a free culinary and art experience taking place at Flatland Gallery (1709 Westheimer Rd.) in Montrose.

  Curated by Grubido founder and Culinary Cultural Curator Kavachi Ukegbu, the annual celebration of west African cuisine and artistry will once again open its doors to patrons to witness the delights of creating and eating Fufu (a starchy, dough-like food that is a staple in many West and Central African countries), and its delicious and diverse pairings of soups and stews that originate from various parts of the continent, and uniquely compliment the beloved food staple as a complete meal. The event will also celebrate the observance of National Fufu Day  in the United States on August 11th.

  From the process of how different types of fufu are grown and manufactured, to the careful guidance on properly preparing the fufu to be eaten, the ‘Art of Fufu’ Food & Art showcase will give patrons a full circle perspective and appreciation for the food staple that has gained global popularity on social media and in many countries around the world.

  Attendees will be treated to fufu and soup samples, live Afrobeats music, an impressive display of fufu inspired artwork and collectables from over the years, and the opportunity to purchase Grubido food products, t-shirts, and the official The Art of Fufu cookbook. Originally published and released by Chef Kavach in 2021, “The Art of Fufu is a fascinating and informative guide to fufu, one of the most delicious and beloved staple foods of West Africans.” All cookbook purchases at the event will be signed by Chef Kavachi.

Entry for this event is free to all guests, but RSVP is strictly required in advance. To RSVP for the upcoming Art of Fufu Food & Art show, please visit the official website online at www.TheArtofFufu.com, or contact Grubido at (832) 818-6847.

The Art of Fufu Cookbook is a culinary treasure that explores the flavors, techniques, and cultural significance of fufu. It is a testament to the artistry of West African cuisine and serves as a guide for those seeking to immerse themselves in this beloved dish.

For more information, please visit www.theartoffufu.com & www.artoffufu.com

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Video: Omambala Cultural Association in Houston Celebrates Motherhood with Joyous Igbo-Inspired Mother’s Day Event

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Omambala Association in Houston Celebrates Motherhood with Joyous Mother’s Day Event

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HOUSTON, TEXAS – May 5, 2025 — The Omambala Cultural Association in Houston hosted a vibrant and heartfelt Mother’s Day celebration on Sunday evening at the Igbo Catholic Community Hall on Creekbend. The event brought together families and community members to honor the enduring strength, love, and sacrifices of mothers within the Igbo community.

Led by the association’s president, Ichelle Awkuzu, the Isaaka of Igboland, the gathering featured prayers, cultural music, dance, and speeches dedicated to celebrating motherhood. Awkuzu described the event as a moment of reflection and appreciation for mothers, emphasizing their central role in shaping families and preserving cultural values.

The association’s president, Ichelle Awkuzu, the Isaaka of Igboland, addressing the group.

 

Celebrants celebrate at the Omambala Cultural Association’s Mother’s Day celebration on Sunday evening at the Igbo Catholic Community Hall in Houston.

 

Celebrants

“Mothers are the heartbeat of our homes and the foundation of our culture,” Awkuzu said, urging attendees to honor and support mothers every day, not just on special occasions.

The celebration included lively performances of traditional Igbo music and dance, homemade meals prepared by members, and the presentation of thoughtful gifts to each mother in attendance. Vice President Chief Ugochukwu Chukwuka, known as Omemma Igbo, also delivered remarks, recognizing the vital role of mothers in nurturing future generations.

Photo from left_ Vice President of the group, Chief Ugochukwu Chukwuka – Omemma Igbo, and the President, Ichelle Awkuzu, the Isaaka of Igboland.

The evening was filled with laughter, music, and shared memories, reinforcing the communal spirit that defines the Omambala Cultural Association. Elders and youth alike participated in storytelling sessions and interactive cultural activities, creating a multigenerational experience that underscored the importance of preserving Igbo heritage. Several attendees expressed appreciation for the sense of belonging and cultural pride the event fostered.

The Omambala Cultural Association Inc. is a community-based organization representing people from the Old Anambra Local Government Area in Anambra State, Nigeria. It remains committed to promoting cultural education, unity, and socio-economic development for Igbo people in the diaspora and beyond.

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