By James Emejo, ThisDay Newspaper The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, Thursday launched the Nigerian National Domestic Card scheme that will among other things, avail Nigerians the sovereignty of their data, lower costs of transactions, and address challenges in foreign exchange usage. Emefiele said at a time when foreign
By Our Reporter The creator of the new economic system, a wonderful investment opportunity – Compassionate Capitalism, ‘King’ Charles N Lambert has announced the creation of the Pan African Job Centre, a program that will help curb unemployment in Africa by creating over 300 million jobs for African youths across the continent. ‘King’ Charles N
By James Emejo, This Day Newspaper In compliance with the Central Bank of Nigeria’s (CBN) currency redesign and cash withdrawal policy that limited withdrawals across all channels to N500,000 weekly, banks have suspended further cash disbursement via customers’ Naira Credit and prepaid cards. This Day Newspaper learnt that as a result, the banks have informed customers
The Nation Newspaper President Muhammadu Buhari has approved N24.4 billion for the first phase of the Smart Irrigation Scheme (SIS), the Executive Vice Chairman and Chief Executive of the National Agency for Science and Engineering Infrastructure (NASENI), Prof. Mohammad Sani Haruna, has said. He said Nigeria is already trying to promote a multi-crops season farming
Torrents of prayers and new year’s resolutions have gone out as they do every year. The majority of them are certainly asking for money in the new year. But in the prevailing world capitalist calligraphy, while the government often monetizes debts and other financial instruments to generate revenue, individuals and businesses also monetize products and
By Jonathan Ugbal On Friday, Nigeria’s oldest civil aviation company, Aero contractors resumed flying the Calabar route from Lagos and Abuja after it halted flights into the Cross River State capital for eight months. The airline had halted flights into the city before it stopped scheduling services on July 20, 2022, over financial difficulties. The
By Bakare Majeed, Premium Times The House of Representatives has summoned the Central Bank of Nigeria Governor, Godwin Emefiele, over the new restrictions on cash withdrawals. The House resolved that Mr. Emefiele should appear before it next Thursday. The decision to summon Mr. Emefiele followed a motion of matter of urgent public importance moved by
By Gbenga Oloniniran, Punch Newspaper …to limit POS withdrawals to N20,000 daily The Central Bank Of Nigeria has imposed fresh cash withdrawal limits on individuals and organizations, which takes effect from January 9, 2023. According to a new memo to banks issued on Tuesday and signed by the Director of Banking Supervision, Haruna B. Mustafa,