Cash
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Featured
Governor’s wife distributes 3,500 bags of rice, cash to vulnerable households in Katsina
The wife of Katsina governor, Hajiya Zulaihat Radda has distributed 3,500 bags of rice, and disbursed N17.5 million to vulnerable households in the state. The distribution which took place in Katsina, is part of activities to mark 2024 World Humanitarian Day. According to Mrs Radda, the distribution of the rice and disbursement of cash to those in need across the…
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Featured
Man docked over alleged stealing of cell phone, cash
A 30-year old man, Friday Okon, was on Thursday, docked before an Ile-Ife Magistrates’ Court over alleged stealing an Itel cell phone valued N25,000. Okon whose address was not given, is being charged with entering and stealing. The Prosecutor, ASP Emmanuel Abdullahi, told the court that the defendant committed the offence between July 22 and 23 at Edu Village, Ile-Ife.…
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Featured
Cash crunch: Banks, businesses lament scarcity of currency notes
The expected improvement in supply of cash to the banks is yet to materialise as PoS agents and other business owners lament the crushing impact of the ongoing cash crunch on patronage. Vanguard investigation showed that two weeks after the Central Bank of Nigeria, CBN, directed banks to comply with the Supreme Court that extended use of the old naira…
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Election
Tinubu placates Nigerians over cash crunch, fuel scarcity
Asiwaju Bola Tinubu, presidential candidate of the All Progressives Congress (APC) on Tuesday appealed to Nigerians for calm down over the current fuel scarcity and cash crunch. He made the appeal in a statement issued in Abuja by Mr Bayo Onanuga, Director, Media and Publicity, APC Presidential Campaign Council (PCC). While expressing empathy with Nigerians, Tinubu appealed to the citizenry…
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economy
APC Governors Sue FG Over Naira Redesign as Cash Vanishes
Three Nigerian state governors from Kaduna, Kogi and Zamfara, have approached the Supreme Court seeking a halt to the Nigerian apex bank’s demonetization plan that has caused a cash crisis and disrupted transactions in all spheres of the economy. The governors in their prayers to the Supreme Court are asking the Court to rule on the legality of the Central…
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Featured
Intelligence: NFIU warns against huge cash withdrawals
 The Nigeria Financial Intelligence Unit (NFIU) has warned the public and private entities against massive cash withdrawals. The Director and Chief Executive Officer of the agency, Mr Modibbo HammanTukur, gave the advisory in a statement made available to newsmen in Abuja on Thursday. He spoke on the state of the nation’s security threats and financial liquidity. HammanTukur advised all federal…
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