Cash scarcity bites harder in Lagos, Ogun, other major cities

December 19, 2023 Segun Odunewu 0

Despite repeated assurances by the Central Bank of Nigeria (CBN) that there is enough currency in circulation, the cash scarcity in Lagos metropolis, Ogun and other major cities have continued unabated  with banks now limiting the amount of cash customers could withdraw. According to a POS operator in the Opebi area of Lagos State, Jobs Akingabde,  some banks “only release Read More

Scheffler wins Hero World Challenge as Tiger Woods finishes 18th

December 4, 2023 Admin III 0

World number one Scottie Scheffler won the Hero World Challenge in the Bahamas as Tiger Woods finished 18th in the 20-man field on his return from injury. American Scheffler’s bogey-free four-under round of 68 meant he finished on 20 under and sealed a three-shot win from Austrian Sepp Straka. Woods, competing for the first time since withdrawing from the Masters in Read More

Banks limit withdrawal from ATM as naira scarcity worsens

November 14, 2023 Admin III 0

Residents of Lagos, Abuja, Kano, Katsina, Jigawa and Adamawa and in other parts of the country are expressing concerns over their inability to withdraw huge cash in their banks’ ATM galleries, raising fears of scarcity as experienced during the naira swap. The development has also affected business transactions in local markets, especially in the northern part of Nigeria where buyers Read More

Breaking: Tinubu makes U-turn, withdraws newly appointed FERMA Chairman

October 19, 2023 Solomon Arowolo 0

President Bola Tinubu, Thursday, directed the withdrawal of the nomination of Engr. Imam Kashim as the Chairman of Federal Roads Maintenance Agency (FERMA). A statement by Ajuri Ngelale, Special Adviser to the President, announced the withdrawal of Imam with immediate effect. Though no reason was cited for the withdraw of the appointment. Ajuri noted that all other appointments to the Read More

The pyrrhic victory of petrol subsidy withdrawal

July 3, 2023 Jerry Uwah 0

Nigerians are writhing under the pains of the removal of the necessary evil called petrol subsidy. Millions can no longer afford basic food items as transport cost and selfish levies by market unions and cruel retailers price food items out of their reach. Schools are plagued by low attendance. Some parents can no longer fund the massive hike in transport Read More

The ambivalence of petrol subsidy withdrawal

April 4, 2023 Jerry Uwah 0

Nigeria’s duplicitous petrol subsidy has become something of an enigma. It is a thorn in everyone’s flesh but no one knows how to end it. Petrol consumers hate it passionately because it robs them of the funds that could be used to fix dilapidated roads and end the eternal darkness crippling the economy. Nigeria spends trillions of naira on petrol Read More