As Fuel Scarcity Bites, Air Fares Jump 97%, Bus Prices Rise 45% in One Year
With petrol scarcity biting hard and aviation fuel prices skyrocketing, Nigerians paid as much as 97 per cent more to fly locally, while the fare paid by citizens for bus transport increased by as much as 45 per cent between…
(PHOTOS) CBN Releases Detailed Public Security Features of New Naira Notes
The Central Bank of Nigeria (CBN) has released detailed public security features of the newly redesigned naira notes: N200, N500 and N1,000 banknotes. President Muhammadu Buhari had on Wednesday, November 23, 2022 unveiled the new notes of the three highest…
Cashless Policy: FG Stops Cash Withdrawals From Public Accounts
The Federal Government is to activate the stoppage of cash withdrawal from all public accounts with immediate effect. In place of cash withdrawals, public officers are to open domiciliary accounts in foreign and local currencies ahead of the commencement of…
FG Rakes In $547m From 5G Auction – Buhari
President Muhammadu Buhari has commended the auctioning of the 5G spectrum, which generated 547 million dollars. The president attributed the feat to the digital economy, which had driven growth, created employment and generated revenue for the country, The president said…
Cashless Policy: CBN Clarifies Bulk Withdrawal Conditions For PoS Operators, Others
The Central Bank of Nigeria (CBN) has countered claims that its new policy limiting cash withdrawals is targeted at point-of-sales (PoS) agents in particular. Though the apex bank, on December 6, set the weekly withdrawal limit at N100,000 and N500,000…
Northern Groups Back NASS Call for Suspension of Cash Withdrawal Limit
The Coalition of Northern Groups (CNG) has supported the National Assembly’s resolve to compel the Central Bank of Nigeria (CBN) to suspend the implementation of its cash withdrawal limit policy. The groups’ Spokesperson, Mr Abdul-Azeez Suleiman, said this at a…
Northern Youths Back CBN’s Cash Withdrawal Limits, Slam Hon. Kazaure Over Unremitted N89.1tn Stamp Duty Allegation Emefiele
… Call For Arrest of the Lawmaker for Inciting Nigerians Against CBN Governor Northern youths under the aegis of the Unified Northern Nigeria Youths Forum have carpeted the member of the House of Representatives from Jigawa State, Hon. Muhammad Gudaji…
Withdrawal Limit: Why Politicians Are Against Cashless Policy of CBN – CNPP, CSOs
… Commend President Buhari for Backing CBN Conference Of Nigeria Political Parties (CNPP) and civil society organisations (CSOs) under the aegis of Coalition Of National Civil Society Organisations (CNCSOs) have given insights into the reasons political office holders are voicing…
Withdrawal Limit Policy: There’re 1.4m mobile banking operators in Nigeria – Emefiele
Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, on Thursday, said there are about 1.4 million super agents (mobile banking operators including POS agents) in the country for Nigerians to patronise for business transactions. Emefiele said this while…
Cash Withdrawal Limits: Ezekwesili Attacks CBN, Bemoans Policy
The newest policy of the Central Bank of Nigeria (CBN) on cash withdrawal limits to N100,000 per week (from over-the-counter, point-of-sale [POS] machines or automated teller machines known as ATM), while organisations can access N500,000 per week has attracted reaction…
