Salihu AbdulHadi Kankia, a member of the First Aid Group of Jama’atu Izalatil Bid’ah Wa Iqamatus Sunnah (JIBWIS), was showered with rewards for returning a lost bag containing over N100 million. The recognition came during the closing ceremony for Islamic scholars presenting this year’s Ramadan Tafsir in Bauchi. Engr Mustapha Imam Sitti, Natio...
In a move to solve the foreign exchange crisis in the country, the Central Bank of Nigeria (CBN) says Personal and Basic Travel Allowances will only be paid through electronic channels and not by cash. The Director of Trade and Exchange Department at the apex bank, Hassan Mahmud, made this known in a circular dated […]
•Angolan players and staff celebrate a goal against Namibia Ahead of Friday’s Africa Cup of Nations quarterfinal clash with Nigeria, players of the Angola national team have been rewarded with cash and material gifts. The Palancas Negras, who are fresh off a commanding 3-0 victory over Namibia in the Round of 16, were also promised […]...
•Dog eats owner’s $4000 cash A dog named Cecil in Pennsylvania has gone viral for eating $4,000 cash left out by his owners. According to BBC, the funds were intended to pay a contractor. Clayton and Carrie Law, Cecil’s owners, discovered most of the chewed-up cash after searching through Cecil’s waste and vomit, but $450 […]...
•Vendors display Christmas items Hopes of a fun-filled Yuletide celebrations, with plenty to eat and drink, appear to have been dashed for millions of Nigerians, following scarcity of cash and high cost of goods and services. Across Lagos and other parts of the country, many Nigerians wail about their inability to access cash, which has [&hell...
The Nigeria Labour Congress (NLC) yesterday asked the federal government and the Central Bank of Nigeria (CBN) to find immediate solutions to the current scarcity of naira being experienced by Nigerians. The NLC said the CBN and federal government’s disregard for warnings meant they were deliberately inciting Nigerians against the system and c...
As current naira scarcity enters its third week, economic experts including Dr Muda Yusuf, CEO of the Centre for Promotion of Private Enterprise (CPPE) has asked the Central Bank of Nigeria (CBN) to find a lasting solution to the nightmare, instead of regaling Nigerians with soothing tales of sufficient cash in vaults when the citizens [&helli...
The Central Bank of Nigeria has directed all banks, other financial institutions, and non-bank financial institutions, to suspend the processing charges previously imposed on large cash deposits. This change, referenced under the “Guide to Charges by Banks, Other Financial Institutions, and Non-Bank Financial Institutions” dated December 20, 2...
A cash crunch has struck the nation’s capital, Abuja, resulting in long queues at several bank branches, as revealed by an investigation conducted today . The cash shortage can be attributed to several factors, including a surge in demand for cash ahead of the yuletide and logistical challenges in currency distribution, reports Vanguard. This ...
Scarcity of cash witnessed by some states last week has also hit Makurdi, the capital of Benue state. Investigation revealed that most of the Money Deposit Banks, MDBs, Automated Teller Machines, ATMs, failed to dispense cash over the weekend, reports The Nation. Many customers were seen milling around ATMs at GT Bank along Otukpo Road, [&hell...