Debate Continues: Northern Groups List Conditions For Supporting Tax Reform Bills

North Supporting Tax Reform Bills

As opposition grows against the proposed Tax Reform Bills in the National Assembly, influential Northern groups have expressed concerns over the potential economic implications for the region. These groups, while acknowledging the importance of tax reforms, have insisted on specific conditions to ensure the measures do not exacerbate the North’s existing economic challenges. The opposition … Read more

Yuletide: Cash Scarcity Persists Despite CBN’s Directives To Banks

Cash Shortage PoS Agents

Despite recent directives from the Central Bank of Nigeria (CBN) to curb artificial cash scarcity, findings indicate that the situation remains dire in parts of the country. A November 29 circular, signed by Acting Directors Solaja Olayemi and Isa-Olatinwo Aisha, directed Deposit Money Banks to ensure efficient cash disbursement via ATMs and over-the-counter channels, warning … Read more

Banks Set New ATM Withdrawal Limits For Customers

Codes As Your ATM Pin, Kindly Change It

Nigerian banks impose ATM withdrawal limits, linked to cash scarcity. CBN cites substantial withdrawals and panic-driven activity for cash scarcity. Lagos banks reinstate ATM withdrawal restrictions, aligning with cash management efforts. EKO HOT BLOG reports that Nigerian commercial banks have imposed withdrawal limits on their automated teller machines (ATMs), with varying restrictions observed across different banks, … Read more