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CBN Warns Banks Over Persistent ATM Cash Shortages, Vows Severe Penalties

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The Central Bank of Nigeria (CBN) has cautioned banks against ongoing cash shortages at ATMs, vowing severe penalties for non-compliance.

Governor Olayemi Cardoso, speaking at the CIBN Bankers’ Dinner, emphasized the challenges faced by Nigerians due to limited cash availability and announced spot checks to enforce accountability.

Starting December 1, customers can report ATM or branch cash withdrawal issues to the CBN via designated phone lines and emails. Cardoso also urged stakeholders, including mobile money operators and POS agents, to comply with regulations and support digital transactions to improve service delivery.

On foreign exchange, the governor highlighted a missed N6.2 trillion revenue opportunity due to an inflexible FX regime and called for reforms to boost Nigeria’s economic resilience.


 

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Pastor Tunde Bakare Speaks on Rising Kidnappings, Urges Government Action

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Nigerian pastor and overseer of the Citadel Global Community Church, Pastor Tunde Bakare, addresses and reacts to the current happenings of the country regarding the kidnapping and the abductions.

The pastor urges the government on steps they can take to solve and help the people of the country. “The Nigerian government has a clear and urgent duty to protect these Middle Belt communities, who have carried the weight of violence for far too long.”

“Rather than play the ostrich and cover up clear terrorism as mere farmer-herder clashes, the Nigerian state has a responsibility to invade the camps of armed marauders who hide under the cloak of herdsmen of whatever ethnicity, and who invade defenceless communities and gleefully massacre unarmed men, women and children.”


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“Nigeria Is a Disgrace”: Trump Criticizes Government on Worsening Attacks

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US President Donald Trump criticizes the Nigeria government once again after the increase of insecurity over the past few days. The president stated that the government is failing to protect Christian communities from the attacks going on.

“Nigeria is a disgrace. The whole thing is a disgrace,” Trump said. “They’re killing people by the thousands. It’s a genocide, and I’m really angry about it. And we pay, you know, we give a lot of subsidies to Nigeria. We’re going to end up stopping.”


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“How Many More Lives?” — Atiku Urges Government to Act After New Student Abduction

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Former Vice President Atiku Abubakar speaks out against the rising insecurity in the country. He urged the government to take action and claimed that it is not too late to declare a state of emergency.

He reacted after another news of abduction of students was announced on the 21st of November.

“How many more lives must be shattered before decisive action is taken? It is not too late for the government to finally declare a state of emergency on insecurity and confront this menace with the urgency it deserves.”


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