CBN Sets Date To Freeze Accounts Without BVN
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without Bank Verification Number and National Identification Number effective April 2024. “Post No Debit” is a term used to describe a restriction imposed by banks on specific accounts, preventing customers from making withdrawals, transfers, or any other debits from their accounts. This measure effectively freezes...
Osun Workers To Get N15,000 Wage Award, Pensioners N10,000 As Subsidy Removal Effects Bite
As part of measures to cushion the harsh effects of fuel subsidy removal, the Osun State Governor, Ademola Adeleke, has approved a sum of N15,000 wage award per worker in the state. The governor also approved a sum of N10,000 for each pensioner in the state in the same regard. This was disclosed on Wednesday in a circular by the Permanent...
Adamawa Governor, Fintiri Raises NYSC Members’ Pay By N10,000
The governor of Adamawa state, Ahmadu Umaru Fintiri, on Tuesday increased the monthly allowance of National Youth Service Corps (NYSC) members in the state with ₦10,000 (ten thousand naira). Fintiri disclosed this in a statement and said he was excited to welcome the 2023 Batch ‘C’ Stream II Corps members to Adamawa State. “Your dedication to nation-building is recognized, and we’re...
N-Power: Enrollees Lament Delay In Stipend`s Payment
Some enrollees of the Federal Government’s N-Power Programme on Monday decried the continuous delay of payment of their N30,000 monthly stipends. The beneficiaries who spoke to the News Agency of Nigeria (NAN) in separate interviews in Abuja said, the continued delay of payment of the thirty thousand monthly stipends is becoming worrisome. Mr Francisco Noah, a beneficiary of the N-Teach segment...
Live Within Your Means, Psychologist Advises Nigerians
As the economic hardship takes a toll on Nigerians, Clinical Psychologist, Adedotun Ajiboye has advised people to live within their means. He also advised Nigerians to be their brothers’ keepers to avoid mental health issues. Ajiboye who works with the Ekiti State University Teaching Hospital, Ado Ekiti, gave this advice in an interview with the News Agency of Nigeria (NAN) in Abuja...
Gov. Otti Denies Spending Almost One Billion Naira on Feeding, Personal Welfare
Abia State Governor, Dr. Alex Otti has denied spending nearly one billion Naira on his feeding and personal welfare, saying such information is untrue, ABN TV reports. The governor's chief press secretary, Kazie Uko, and his Special Adviser on Media and Publicity, Ferdinand Ekeoma in a statement titled, "ABIA STATE Q3 BUDGET EXPENSES: UNDERSTANDING THE ISSUES" said Abia State Government...
After Subsidy Removal, FG Records Over N1tn Monthly Revenue Inflow – Finance Minister
The Minister of Finance, Mr Wale Edun, says that the Federation Account is witnessing improved revenue inflow since the removal of subsidy from an average of N650 million monthly to over N1 trillion in the last four months. The minister stated this on Monday in Asaba at the opening ceremony of a four-day retreat organised for members of the Federation...
Tinubu Delists FCT From TSA, Minister To Enjoy Financial Autonomy
President Bola Tinubu has made the decision to remove the Federal Capital Territory Administration (FCTA) from the Treasury Single Account (TSA). This was announced during a press conference held on Friday in Abuja. This strategic move is anticipated to facilitate the advancement and expansion of the FCTA under the leadership of the FCT Minister. Reports say Nyesom Wike will enjoy greater financial...
Beneficiaries To Get N50,000 As FG Reintroduces Tradermoni Next Month
The Federal Government will restart the Tradermoni scheme in November with each beneficiary getting N50,000 to support their business. While the interest-free loan scheme for traders – started in 2018 – has been on hold for some time, the Minister of Humanitarian Affairs and Poverty Alleviation Mrs Betta Edu said the government is set to relaunch it. Confirming that the scheme...
N87 Trillion Nigeria’s Debt Profile Alarming — CISLAC
The Civil Society Legislative Advocacy Centre (CISLAC) has raised the alarm over the county’s debt surge by 75 per cent under President Bola Ahmed Tinubu’s administration. The Executive Director of CISLAC, Auwal Ibrahim Musa (Rafsanjani), in a statement, expressed concerns over Nigeria’s startling 75 per cent surge in debt, now towering to N87 trillion. He said: “The figure represents an increase...
