- Nigeria’s foreign reserve has risen to $28.9 billion

- Central Bank of Nigeria warned that the federal government need to avoid reckless spending to improve the country’s economy

- CBN also announced that forex will be made available to those who are importing raw materials to grow the economy

The governor of Central bank of Nigeria (CBN) Godwin Emefiele, has warned that the Nigeria federal government under the administration of President Buhari needs to avoid reckless spending so the country’s economy could grow.

According to Daily Post, the CBN governor who was excited that the country’s foreign reserves has risen to N28.9 billion, warned that the increase in Nigeria foreign reserve does not mean the government can take money from the reserve anyhow.

He announced that money will only be taken from the fund only when it is necessary to prevent the country from going broke. He said: “The fact that we have began to see some accretion to the reserve does not mean we should be reckless."

He also said: “CBN will continue with the policy of ensuring that forex is made available to those who are importing raw materials and supporting the agricultural sector but not to those who want to engage in less important sectors of the economy.

“It is exciting to see this (rise in foreign resreves) happen. We do not run a floating regime, we run a managed float.

“What that means is that from time to time we will continue to intervene in the market to ensure that the exchange rate does not go beyond our expectations and those interventions would be to moderate the risk as we deem necessary.”

On accusations that the CBN often changes exchange rates, Emefiele appealed that: “Those who are out there fomenting this bad stories in order to portray the monetary authorities in bad light to please assist us, if they have questions they should please approach us, we would respond to them as appropriate.

“What I had expected is that they would talk to us, I know they know but of course the objectives they’re pursuing is best known to them.”Meanwhile, the Central Bank of Nigeria (CBN) on Tuesday, January 17, has passed a circular to inform all Nigerian banks that all transaction in bitcoin and other virtual currencies have been banned in Nigeria.

A page in the 'Issues' section promoted an 'America First Energy Plan' that included a support for clean coal technology. The only reference to the climate is the elimination of an Obama-era environmental initiative to reduce carbon initiatives.

Chicago Tribune reports that the 'Issues' page of Trump's White House offered no new plans or policies but rather a rehash of many of his most prominent campaign promises - a signal to the nation that Trump, more pragmatic than ideological, plans to implement at least the key guideposts of his campaign vision.

His policies include plans to both withdraw from and renegotiate major trade deals, grow the nation's military and increase cyber-security capabilities, build a wall at the nation's southern border with Mexico and deport undocumented immigrants who have committed violent crimes.

Several social issues disappeared from the WhiteHouse.gov site on January 20, Friday, including a page dedicated to LGBT rights.

A report on the Labor Department’s website on LGBT workers rights was also removed.

Advocates for the LGBT community have worried about what a Trump administration would mean for the progress made on equality issues under President Obama. As a candidate, President Trump said he is opposed to gay marriage and Vice President Pence has taken strong anti-gay rights stances throughout his political career.

And while it’s standard for the new administration to update the White House’s official website with its agenda as part of the transition it is notable that the Trump administration did not choose to include anything about the LGBT community.

Trump met with a dozen prominent American manufacturers at the White House on Monday, January 23, promising them he would slash regulations and cut corporate taxes.

But he warned them of penalties if they moved production outside the country.

Trump, who took office last Friday, promised to bring manufacturing plants back to the United States during his campaign, and has not hesitated to call out by name companies that he thinks should bring outsourced production back home.

He told the chief executives of Ford, Dow Chemical, Dell-Technologies, Tesla and others that he would like to cut corporate taxes to the 15...20% range.

This is down from current statutory levels of 35% – a pledge that will require cooperation from the Republican-led US Congress.

But he said business leaders have told him that reducing regulations is even more important.

“We think we can cut regulations by 75 per cent, maybe more,” Trump told business leaders in the Roosevelt Room.

“When you want to expand your plant or when Mark wants to come in and build a big, massive plant or when Dell wants to come in and do something monstrous and special – you’re going to have your approvals really fast,” Trump said, referring to Mark Fields, CEO of Ford, who sat around the boardroom style table.

The new president told companies that they were welcome to negotiate with governors to move production between states, but said those businesses that choose to move factories outside the country would pay a price.

“We are going to be imposing a very major border tax on the product when it comes in,” Trump said.

“A company that wants to fire all of its people in the United States, and build some factory someplace else, and then thinks that that product is going to just flow across the border into the United States – that’s not going to happen,” he said.

Trump was scheduled to hold a meeting later on Monday with labour leaders and U.S. workers, the White House said.

Trump, a Republican who took over from former Democratic President Barack Obama, was also expected to sign executive orders to renegotiate the free trade agreement between the United States, Canada and Mexico, and to formally withdraw the United States from the 12-nation Trans-Pacific Partnership.

Between winning the presidential election in November and taking office, Trump hosted a number of U.S. CEOs in meetings in New York, including business leaders from defense, technology and other sectors.

Reuters reports that he also met with leaders of several labor unions, including the AFL- CIO.

Trump, a real estate developer, has particularly focused on manufacturing, lamenting during his inaugural address on Friday about “rusted-out factories scattered like tombstones across the landscape of our nation” and vowing to boost US industries over foreign ones.

President Donald Trump signed an executive order formally withdrawing the United States from the 12-nation Trans-Pacific Partnership (TGPP) trade deal on Monday in Washington.

This is in line with a promise made during his campaign last year.

In an Oval Office ceremony, President Trump also signed an order imposing a federal hiring freeze and a directive banning U.S. non-governmental organisations receive federal funding from providing abortions abroad.

Mr Trump called the TPP order a “great thing for the American worker.”

The Taliban has called on President Donald Trump to withdraw U.S. forces from the "quagmire" of Afghanistan, saying that nothing has been achieved in 15 years of war except bloodshed and destruction.

In an open letter to the new U.S. president published on one of its official web page, the insurgent movement said the United States had lost credibility after spending a trillion dollars on a fruitless entanglement.

"So, the responsibility to bring to an end this war also rests on your shoulders," it said.

So far, Trump has had little to say publicly about Afghanistan, where some 8,400 U.S. troops remain as a part of the NATO-led coalition's training mission to support local forces as well as a separate U.S. counter-terrorism mission.

Two of his top security appointments - retired Marine Corps General James Mattis as Secretary of Defense and former General Michael Flynn as National Security Adviser - both have extensive experience in Afghanistan.

The Taliban, however, warned Trump against relying on the kind of "unrealistic" reports presented to former presidents by their generals, saying: "They would emphasize continuation of war and occupation of Afghanistan because they can have better positions and privileges in war."

The United States would not accept foreign forces on its territory or even in a neighboring country, said the Taliban. It accused Washington of imposing a "surrogate administration" on Afghanistan in the face of popular Muslim resistance.

"You have to realize that the Afghan Muslim nation has risen up against foreign occupation," it said.

The Taliban has made steady inroads against the Western-backed government in Kabul since coalition forces ended their main combat mission in 2014, with government forces now in control of only two thirds of the country.

Iraqi forces have taken complete control of eastern Mosul, says defense ministry.

It has repeatedly urged the United States and its allies to leave Afghanistan, ruling out peace talks with the Kabul government while foreign forces remain on Afghan soil.

Trump has sharply criticized past U.S. administrations for their handling of conflicts in the Muslim world but he has also pledged to eradicate militant Islamists around the globe.

Trump on Monday signed a decree barring US federal funding for foreign nongovernmental organizations (NGOs) that support abortion, relaunching a battle that has long divided Americans. It comes just two days after women led a massive protest march in Washington to defend their rights, including to abortion.

The decision to ban foreign aid to groups that lobby in support of abortion rights is certain to deepen concern among already apprehensive US family planning and women’s rights organizations.

Stenny Hoyer, a Democratic leader in the House of Representatives, sharply criticized Trump for using his first week in office “to attack women’s health”.

According to Trump: “It should be no surprise to the millions of women and men who gathered in protest this weekend across the country – and around the world – that Republicans are focused more on making it harder for women to access health care than on the serious economic and security challenges we face.”

The restrictions imposed on Monday prohibit foreign NGOs that receive US family planning assistance from using non-US funding to provide abortion services, information, counseling or referrals and from engaging in advocacy to promote abortion.

They were first put in place in 1984 by the Republican president Ronald Reagan. Later eliminated by the Democratic president Bill Clinton, they were reinstalled by his Republican successor George W. Bush, and annulled again after Barack Obama took office. Galvanized by Trump’s November 8 victory in the election, abortion opponents in states where Republicans hold power moved swiftly last month to adopt draconian anti-abortion measures that in some cases pose challenges to constitutional liberties.

The new president, meanwhile, has pledged to nominate an anti-abortion justice to the Supreme Court, which could lead to overturning Roe v. Wade, the emblematic ruling that legalized abortion in the United States in 1973.

Within moments of the inauguration of President Trump, the official White House website on Friday, witnessed an unexpected purge.

It came as part of the full digital turnover of whitehouse.gov, including taking down and archiving all the Obama administration’s personal and policy pages. That also included a page devoted to lesbigay, and transgender issues. At the same time, the official White House Twitter handles also changed over, allowing the new US leader to now post on Twitter as @POTUS.

But the digital change, which flashed into place at noon on Friday, immediately placed into sharp relief some of the starkest differences between the old president and the new.

And for advocates of climate change policy, it presented the first concrete sign that President Trump remains, as he was on the campaign trail, skeptical and dismissive of the established science of human-caused climate change, and committed to blocking policies to curb it.

- Two Nigerian Army officers have reportedly lost their lives after an IED planted by Boko Haram terrorists exploded in Borno state

- Report suggests that the bomb went off in Golgore River Bank in Damboa local government area in central Borno state at about 11.15am

- The two Nigerian Army officers affected were part of the eight officers and 144 soldiers attached to the Nigerian Army 27 Brigade Task Force

A Nigerian Army captain and a lieutenant on Thursday, January 12, lost their lives after an improvised explosive device (IED) planted by Boko Haram terrorists exploded in Borno state, Premium Times reports.

According to the report, the bomb went off in Golgore River Bank in Damboa local government area in central Borno state at about 11.15am.

The wheel of a T-72 armoured tank used by the troops was also damaged by the terrorists, forcing all the remaining officers and soldiers to withdraw from the area with immediate effect.

They have now retreated to the 27 Task Force Brigade Headquarters in Buni Yadi.

However, Premium Times have refused to make public the identity of the two affected officers military insiders because their family had not been informed of the development.

Military sources, who spoke to news medium disclosed that the two Nigerian Army officers affected, were part of the eight officers and 144 soldiers attached to the Nigerian Army 27 Brigade Task Force deployed to Talala General Area to clear Boko Haram remnants.

It was gathered that about 31 members of the local vigilante are working with the troops to clear insurgents from the area.

As at the time of filing this report, Army spokesman, Sani Usman, has still not come up with a reaction.

The attack comes just four days after Boko Haram insurgents carried out a surprise attack against the Army Brigade in Buni Yadi.

According to reports, Lt. George Okupe, the spokesman of 27 Task Force Brigade, confirmed the attack, adding that the attack was successfully repelled by the troops.

But a military source who spoke in confidence said Boko Haram insurgents launched a surprise attack on 27 Task Force Brigade of the Nigerian Army Buni Yadi, killing five soldiers, including a captain.https://youtu.be/ScEpCYpYEII

- A 75-year-old man stopped breathing and was dead for some time

- His family was ready to put his coffin into a grave as he opened his eyes

- The resurrected pensioner is still weak and not eating much

"What’s happening? Are you preparing my funeral?" were the first words of Huang Mingquan who found himself lying in a wooden coffin and surrounded by his family.

Eight hours into the man’s funeral service, he opened the lid of the coffin, sat up and saw wreaths, ornaments, banners from his loved ones.

Huang's stunned children immediately lifted their old dad from the coffin and put him back on to his bed.