LAGOS DECEMBER 15TH (NEWSRANGERS)-The Central Bank of Nigeria has announced that it will slam a fine of N150m per branch on Deposit Money Banks found guilty of facilitating the illegal flow of mint naira notes to currency hawkers and unscrupulous agents. The apex bank disclosed this in a circular issued on Friday, December 13, 2024,…
LAGOS JULY 29TH (NEWSRANGERS)-The Edo State Police Command has arrested a former banker, Gift Igbinosun, 35, for allegedly defrauding John Nnamdi and Obasogie Osagieduwa of over N14.9m. The police spokesperson in the state, Chidi Nwabuzor, said the suspect who was sacked by her employer, a commercial bank, two years ago defrauded the victims under the…
LAGOS FEBRUARY 17TH (NEWSRANGERS)-THE Mobile Money business popularly known as Point of Sales (POS) is crumpling in the State of Osun, investigations have revealed. Majority of the people in the business have abandoned it following their inability to access cash, owing to the lingering cash crunch induced by the Central Bank of Nigeria. OSUN DEFENDER…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-The Central Bank of Nigeria has debunked claims about the incapacity of the Nigerian Security Printing and Minting PLC. The apex bank also denied claims that it plans to shut down commercial banks in a geo-political zone. This was disclosed in a statement signed on Friday by CBN’s Director of Corporate Communications,…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-As the naira scarcity persists, some banks are shutting their branches over rising customer attacks, according to findings by The PUNCH. This came a day after the Lagos State Police Command issued a warning that some groups were planning to unleash violence in the state due to the naira scarcity. The PUNCH…
LAGOS FEBRUARY 7TH (NEWSRANGERS)-The present scarcity of new naira notes in the country has crashed prices of chickens at Nsukka by over fifty percent. A survey conducted by The Whistler at Ikpa market of the university community on Monday shows that the dealers are having ‘bad market’ as they are forced to sell at highly…
LAGOS FEBRUARY 6TH (NEWSRANGERS)-Former governor of Edo State, Adams Oshiomhole, has said he paid N1,000 to purchase a litre of petrol, just as he lamented the scarcity of fuel and new naira. Oshiomhole said this when he featured on Channels Television’s election programme The 2023 Verdict on Sunday. “On one occasion, I ran out of…
LAGOS FEBRUARY 4TH (NEWSRANGERS)-The Economic and Financial Crimes Commission (EFCC) Friday said its Lagos Zonal Command has taken over the probe of an actress and cosmetologist Oluwadarasimi Omoseyin for alleged new naira notes policy violation. The anti-graft agency said items recovered from Omoseyin at the point of arrest include a Range Rover and iPhone mobile…