Connect with us

News

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

Published

on


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.


 

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Goodluck Jonathan Reportedly Linked to 2027 Presidential Race

Published

on


It was reported that former Nigerian president Goodluck Jonathan has allegedly purchased a presidential candidate form for the 2027 elections.

It can be noted that Jonathan served as Nigeria’s president from 2010 to 2015.

This information was revealed by Sani Useni, a special assistant who made the claim. Many reacted to the news, with some expressing interest in seeing Jonathan return to power after staying relatively quiet politically since his administration ended.

However, Jonathan has not yet addressed the public or officially shared any presidential ambition.


Continue Reading

News

“It Is Intolerable” — CAN Speaks on School Attack In Oyo State

Published

on


The Christian Association of Nigeria (CAN) has reacted to the recent abduction incident in Oyo State.

It can be recalled that schools were attacked by armed men, with some teachers and students reportedly taken. Some people were also killed during the attack.

CAN cried out on behalf of the public, stating “It is intolerable, disgraceful and utterly unacceptable that Nigerian children can no longer sit safely in classrooms without the fear of being kidnapped by armed gangs.”

The organisation also stated that Nigerians are tired of constantly mourning and questioning when something will finally be done to stop the violence.


Continue Reading

News

Oyo State Governor, Seyi Makinde Speaks on Oyo School Attack

Published

on


The Governor of Oyo State, Seyi Makinde, has revealed that seven teachers were abducted following a recent attack on a school in the state.

It was also shared that the number of students taken is still being investigated.

The governor further revealed that some people were killed during the attack and abduction.

He also added “With the pressure on the terrorists and the bandits in the North-West, they will keep moving southward.”

“When you have pressure in one place, we must be prepared on this side to either repel or neutralise any terrorists fleeing the pressure points.”

Advertisement

Continue Reading

Trending