Palliatives: N8,000 Lots Of Money, Says Nasarawa Governor Sule
The Governor of Nasarawa State, Abdullahi Sule, says he disagrees with those arguing that the proposed N8,000 palliative by the Federal Government won’t do much to cushion the effects of the removal of fuel subsidy on poor Nigerians. The governor, who was a guest on Channels Television’s Politics Today on Friday, insisted that N8,000 is a lot of money for...
12m Families To Receive N8,000 For Six Months — Tinubu
President Bola Ahmed Tinubu says about 12 million households will get N8,000 over a period of six months to ameliorate the hardships faced by Nigerians as a result of subsidy removal. In a letter to the House of Representatives read by Speaker Tajudeen Abbas during plenary on Thursday, Tinubu said it was designed to enable indigent and vulnerable Nigerian people...
After His Swearing In As Senator, Gbenga Daniel Asks For His Pension As Ex-Governor To Be Stopped
The senator representing Ogun East, Gbenga Daniel, has asked Governor Dapo Abiodun to stop his pension as a former governor of the state. Daniel governed Ogun State from 2003 to 2011. In February, he was elected in February to represent Ogun East in the red chamber of the 10th National Assembly. In a tweet on Thursday, the former governor said “good...
Delta Assembly Approves Gov. Oborevwori’s N40b Loan Request To Clear Retirees’ Pensions
Delta State House of Assembly has approved a loan request of N40 billion for Governor Sheriff Oborevwori to defray accumulated arrears of pensions owed to retired primary school teachers and local government employees in the state. The approval is one of the first legislative actions of the first session of the 8th Assembly presided over by the Speaker, Dennis Emomotimi...
CBN Sets N50k Daily Limit On Contactless Payments
Contactless payments are a safe and convenient way to conduct transactions between payment devices such as pre-paid, debit, and credit cards, key fobs, mobile electronic devices, and wearable gadgets. It employs near-field communication (NFC) technology, allowing customers to conduct a transaction by just tapping or waving their payment device near the terminal. In order to stimulate innovation in the area, the...
CBN Makes Social Media Handle Mandatory KYC Requirements For Bank Customers
The Central Bank of Nigeria (CBN) has issued its Customer Due Diligence Regulations 2023, which apply to financial firms that fall within its regulatory ambit, as it takes a firm stance against financial crime. The Central Bank of Nigeria's latest step aims to improve compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) legislation while harmonizing with worldwide best practices. The...
I Trained My Ears, Hands To Detect Car Faults – Blind Mechanic
Murtala Shuaibu, a blind mechanic is one of the rare persons in the world today who can cling to their aims and principles despite the fog of disability. The sight-challenged technician, who is from Agbede in Edo State's Estako West Local Government Area, has been repairing cars for almost 30 years. Many inhabitants of Tugamaji, a town on the Gwagwalada Expressway...
High Court Reserves Ruling On Emefiele’s Bail Application
The Federal Capital Territory High Court in Abuja has deferred its decision in the bail application of suspended Central Bank of Nigeria Governor Godwin Emefiele until July 13, 2023. After hearing the views of all parties in the case, the presiding judge, Justice Hamza Muazu, issued the order. Emefiele is suing the Department of State Services (DSS) for his detention and...
Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan
According to JP Morgan, an American global financial services organization, the naira is likely to strengthen and trade at around N600 per dollar in the coming months. The estimate was provided by the financial institution in a statement issued on Thursday. The Central Bank of Nigeria announced on Wednesday the unification of all parts of the currency exchange (FX) market, indicating...
CBN Announces Operational Changes To FX Market
The Central Bank of Nigeria (CBN) would like to notify all authorized dealers and the general public of the following urgent modifications to operations in the Nigerian Foreign Exchange (FX) Market. Segmentation is being phased out. The Investors and Exporters (1&E) window now contains all segments. Medicals, school fees, BTA/PTA, and SME applications would continue to be processed through deposit...
