DEPOSIT Money Banks (DMBs) are turning down payment requests from customers seeking to pay business partners abroad with naira debit cards. Banks are asking customers paying clients abroad to do so in the currency of the beneficiary’s country, as against the previous practice where lenders debited the naira accounts of customers at the prevailing exchange […]
THERE is reprieve for state governments following President Muhammadu Buhari’s approval of the suspension of deductions of loans and bailout funds from their monthly allocation. The Coronavirus pandemic has virtually destroyed the world’s economy – draining Nigeria’s oil revenue to the bottom. The Federation Account projected revenue has dropped by more than half, a situation […]
Governor Abdullahi Ganduje has raised concern over the sudden suspension of the Federal Government’s homegrown school feeding programme in Kano State. Ganduje wondered why feeding of millions of pupils in over 4,900 public primary schools in Kano was halted since December 2019 while funding of the same project continued in other states till February 2020. […]
Nigerian government on Sunday announced that it has impounded a flight owned by a UK company being used to run commercial trips despite an existing travel ban. “Flair Aviation, a UK company, was given approval for humanitarian operations but regrettably we caught them conducting commercial flights,” Nigeria’s aviation minister Hadi Sirika tweeted. “The craft is […]