The Central Bank of Nigeria (CBN) has directed commercial banks to prioritize cash disbursements through automated teller machines (ATMs), warning that failure to comply will attract strict penalties. EDITOR’S PICKS Trump Taps Fox News Host Pete Hegseth As Defence Secretary Sanwo-Olu Appoints Barr. Rekiya Olufunke Hassan as new Chairman of Onigbongbo LCDA Meter Replacement Violations … Read more
The Nigerian presidency has addressed recent concerns regarding the country’s debt situation under President Bola Tinubu. Contrary to reports suggesting an increase in Nigeria’s debt, the presidency revealed that the nation’s debt stock actually fell by 15% in dollar terms during the first quarter of 2024. This clarification was provided by Dada Olusegun, Special Assistant … Read more
CBN prohibits misuse of Naira notes like spraying, squeezing, or writing on them Offenders could face 6-month jail term or N50,000 fine under mobile courts Sale, trade, or hawking of Naira notes is also an offense punishable by law Eko Hot Blog reports that the improper treatment of Naira notes represents a significant violation with … Read more
The US experienced two banking failures in the past week This has affected the global market The US economy is likely to go into a recession Eko Hot Blog reports that The global economy is facing a slew of problems – and all eyes are looking in one direction: America. EDITOR’S PICKS Saudi Arabia:US Man … Read more