Connect with us

Home

New Naira: use alternative payment methods – CBN begs Nigerians

Published

on

The Central Bank of Nigeria has begged Nigerians still having issues with payment and withdrawal of the new naira notes to make use of the eNaira and Internet banking. CBN said the alternatives could help solve the current naira scarcity issue. The Director, Corporate Communications Department of the CBN, Mr. Osita Nwanusobi, who was represented by the Director, Capacity Development of CBN, Mohammed Abbah, disclosed this while speaking at the recently held 44th Kaduna International Trade Fair. Osita disclosed that the payment system infrastructure could handle an increasing number of transaction volumes across all payment channels. He said the new naira policy was not aimed at any individual as being insinuated in the public domain. According to him, “The CBN Governor, Mr. Godwin Emefiele, has always said that the policy is not targeted at anyone or any group of persons, rather, it derived from the Bank’s in-house analysis to strengthen our macroeconomic fundamentals and better our socio-economic conditions.” Speaking on the theme, “Promoting Value Addition for Economic Growth and Development”, he explained that promotion of value plays an important role to Nigeria’s economic growth and development. He further said the apex bank was projected to boost financial inclusion through reduction of the number of the unbanked population and to support the efforts of the security agencies in combating banditry and ransom-taking in Nigeria through this programme. He added that the Produce, Add Value and Export option of the apex bank was similar to the export-led industrialisation policy South-East Asia, which elevated the economic fortunes of the Asian Tigers: Hong Kong, Singapore, South Korea, and Taiwan.

Continue Reading
Click to comment

Leave a Reply

Home

Abia APGA rejects Governorship Poll results as Labour Party leads

Published

on

The results of the March 18 governorship poll in Abia state has been rejected by the All Progressives Grand Alliance. The Independent National Electoral Commission has so far announced results in 10 LGAs. In a statement signed on Monday by the APGA Chairman Abia State, Rev. Augustine Ehiemere, the party said it would not accept an election “marred by irregularities.” It, however, urged supporters to remain calm as they await the conclusion of the process. The statement read partly, “The results so far announced did not in any way reflect the will of the good people of Abia voters as demonstrated at the various polling units.“We are highly disappointed that the votes cast for our candidate, Professor Greg Ibe, were suppressed and not credited to him.“Regrettably too, there were brazen irregularities, including snatching of ballot papers, over-voting, unprecedented manipulation and violence against the opposition.“Most of the results were collated without recourse to BVAS machines, hence, they cannot be relied upon.“We appeal to our members to remain calm and watch things unfold. We firmly believe that light will triumph over darkness, and Abia emancipated from the chains of undemocratic forces.“The election was marred with irregularities in all parts of the state, and APGA cannot accept a highly flawed election.” Only ten local government results have so far been collated, and they include; Ukwa East, Umunneochi, Ukwa West, Bende, Isialangwa North, Isialangwa South, Arochukwu, Ugwunnagbo, Isuikwuato and Ikwuano. So far, the results announced puts the Labour Party in the lead with a margin of 13,132.

Continue Reading

Home

BREAKING: INEC Declares PDP’s Mutfwang winner of Plateau Gov Election

Published

on

The Plateau State governorship candidate of the Peoples Democratic Party, Caleb Mutfwang, has been declared as the winner of Saturday’s governorship election by the Independent National Electoral Commission.The result declared by the INEC Presiding Officer, Musa Yusuf, after counting the votes scored by parties that participated in the election shows that Mutfwang had the highest votes beating the All Progressives Candidate, Nentawe Yilwatda.Recall that the PDP governorship candidate was reported to be taking an early lead as of 11 am when INEC resumed collations of results from the 17 local government areas of the state.Details later…

Continue Reading

Home

Chimaroke Nnamani dumps PDP after losing Senate Re-Election to LP

Published

on

Chimaroke Nnamani, the senator representing Enugu East Senatorial District, has dumped the Peoples Democratic Party, PDP,He announced his exit from the PDP after he lost his senatorial bid to the Labour Party.Nnamani also expressed appreciation to his constituents for the unalloyed support over the years.The former Enugu State governor’s formal exit from the opposition party was contained in a statement he signed on Monday.The PUNCH reports how the senator was expelled by the PDP on February 10, 2023, alongside some other key party members for alleged anti-party activities. This is also as he lost his bid to return to the Senate to his rival Kelvin Chukwu of the Labour Party.Nnamani stated that he had consulted with his associates and constituents alike and had decided to quit the PDP on account of irreconcilable differences with the national leadership of the party.Speaking further, he noted that he had moved on and hoped that his modest contributions to the development of his constituency would be the building block on which his successors could build on.While reaffirming his acquaintance with the President-elect, Bola Tinubu, he promised to continue to partner him.The former governor also thanked Nigerians especially the Ebeano political family and urged them to remain steadfast in the years ahead.He further expressed optimism that the Tinubu administration would promote good governance, rule of law and human rights for the interest of all Nigerians.

Continue Reading

Trending

Copyright © 2022 Sleeknews. Designed Amithyone