CBN Reverses Cashless Policy On Large Withdrawals

The Central Bank of Nigeria, has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of above ₦500,000 or deposit of same amount. The apex bank’s Director, Banking and Payments System Department, Dipo Fatokun, in a circular dated April 20, 2017, said all the charges introduced in February, and meant to take […]

Remove All Roadblocks By Revenue Agents, Transport Unions, Others – IGP

The Inspector General of Police (IGP), Ibrahim K. Idris, has ordered the immediate dismantling of all illegal roadblocks erected by revenue collection agents, transport and trade union members as well as unapproved task forces around the country. The order, which takes effect on Monday, was announced in a statement (Ref. No.CZ:5300/FPRD/FHQ/ABJ/VOL.1/) issued on Sunday by […]