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CBN threatens sanction over cash scarcity at ATMs

The Central Bank of Nigeria has threatened to impose fines on erring players in the financial sector over the ongoing cash scarcity at Automated Teller Machines. This announcement was made by the CBN Governor, Olayemi Cardoso, on Friday at the…

Naira weakens to 1,705/$ at parallel market

The value of the naira depreciated at the unofficial market on Wednesday as it traded at  1,705/dollar, according to Bureau De Change operators in Lagos and Abuja. A BDC operator in Lagos, Aliyu Sani, told The PUNCH that he sold…

#October1protest failed to hold in Kano

The planned October 1 protest in Kano being organised by the Nigerian Patriotic Front Movement did not hold on Tuesday, following the alleged arrest of five officials of the NPFM. The officials of NPFM had last week vowed to stage…

Eid-e-Miladunnabi on Sept 16

The holy Eid-e-Miladunnabi, marking the anniversary of the birth and demise of Prophet Hazrat Muhammad (SM), will be observed across the country on September 16 with due religious solemnity. The day is a public holiday. The decision was made at…

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