Cash Limits: CBN Clears the Air On Bulk Withdrawals 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…
21,438 Vehicles Failed Roadworthiness Test, 1,120 Traffic Offenders Prosecuted In Abuja – Candido Reveals
Nigeria’s Federal Capital Territory Administration (FCTA) on Friday hinted that between January and November 2022, 21,438 vehicles in Abuja failed roadworthiness test while the Mobile Court tried about 1,120 traffic offenders. Abdullahi Candido, the Secretary of Transportation for FCTA, made…
Lagos Red Line To Move 3.5m Passengers Weekly As Lawmakers Confirm 85% Project Completion
The chairman of the Lagos State House of Assembly Committee on Transportation, Hon. Temitope Adewale, has disclosed that trains in the Red Line of the State’s rail mass transit will move 500,000 passengers daily. This amounts to 3.5 million passengers…
Presidency Clears the Air On Alleged CBN’s Diversion of N89 trillion Stamp Duty
The Nigerian Federal Government has reacted to the allegation by a Federal lawmaker, Gudaji Kazaure who stated publicly that the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele has diverted over N89 trillion Stamp Duty largesse between himself…
Breaking: Lagos Assembly Passes ₦1.768Trn 2023 Budget
… Obasa Commends Colleagues for their Sacrifice The Lagos State House of Assembly on Monday passed a total of ₦1,768,014,155,285 as the budget for 2023 with the Speaker, Rt. Hon. Mudashiru Obasa, thanking the lawmakers for their collective sacrifice and…
“Take Advantage Of Abundant Mineral Resources In Nigeria: Adegbite Tells Foreign Mining Companies
Nigeria Mining and Metal Sector is set to witness increased interest of foreign investors as a result of the successes recorded by the Segilola Resources Operating Limited (SROL) in gold production, a West African subsidiary of Thor Exploration Limited which…
CNPP, CSOs Say Naira Redesign, Cashless Policy Buhari’s Anti-corruption Legacy
… Urge National Assembly To Cooperate with CBN On Cash-less Policy Conference Of Nigeria Political Parties (CNPP) and civil society organisations (CSOs) under the aegis of Coalition Of National Civil Society Organisations (CNCSOs) have commended President Muhammadu Buhari for standing…
Okowa Advocates PIA Enforcement to Check Oil Theft
Vice-Presidential Candidate of Peoples Democratic Party (PDP) and Governor of Delta, Sen (Dr) Ifeanyi Okowa, has called for proper enforcement of the Petroleum Industry Act (PIA) to effectively check oil theft in the country. Okowa stated this on Sunday while…
Cash Withdrawal Limit: Nigeria Has Over 1.4m Mobile Banking Operators – Emefiele Reveals, Says No Going Back Cashless Policy
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…
NDE Empowers 42 Youths And Women To Boost Agro-business In Oyo
In a bid to ensure food security, employment generation and reduction in crime rate in the country, the National Directorate of Employment, NDE, has empowered 42 beneficiaries comprising of youths and women to boost agro-business in oyo state. The beneficiaries…
Senators Set Date To Grill CBN Governors Over Cash Withdrawal Limit Policy
Nigerian Senator have resolved to grill two deputy governors of the Central Bank of Nigeria (CBN) over the cash withdrawal limit policy unveiled by the apex bank on Tuesday. The red chamber planned to seek clarifications on Friday on the…
