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The Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI) has attributed the worsening cash shortage across the country to the Central Bank of Nigeria’s inability to meet the cash demands of commercial banks. Speaking with journalists on Wednesday, ASSBIFI President, Olusoji Oluwole, highlighted the dire impact of the scarcity, particularly as the festive season approaches, with increased demand for cash for shopping and business transactions. Oluwole explained […]
At least seven people have been killed and many wounded by an Israeli air attack on a house in central Gaza’s Nuseirat camp. The Palestinian Civil Defence in a statement reported that the house was targeted on Tuesday, adding that its teams recovered seven bodies and rescued a number of wounded people from the site of the attack. Foreign news agencies quoted a medical source at al-Awda Hospital saying that […]
The Nigerian Education Loan Fund, an intervention agency established by the Federal Government, has projected that the number of beneficiaries for student loans could reach an estimated 2.1 million. The Managing Director of NELFUND, Akintunde Sawyerr, disclosed this on Tuesday at the inauguration and induction of members of the SERVICOM unit and committee in Abuja. His projection comes one week after data obtained from NELFUND showed that it has disbursed […]
The House of Representatives has raised concerns about the ongoing cash scarcity in commercial banks, citing its adverse effects on consumer spending and business investment. In a motion by a member of the house, Uguru Emmanuel, the House noted that despite the CBN's December 2022 directive setting cash withdrawal limits at N500,000 for individuals and N5 million for corporate entities, many banks restrict withdrawals to as low as N10,000 or […]
The Assad regime's outgoing prime minister has agreed to transfer power to Syria’s rebels after the ousting of longtime dictator Bashar al-Assad, who has reportedly fled to Russia. The rebel coalition led by an Islamist militant group formed from an al Qaeda affiliate has declared plans to name senior Assad regime officials accused of torture. Also, rebel leader Abu al-Jolani has announced that rewards will be offered for information on […]
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