CBN Says It Can’t Reverse The Ban On ATM Card Use Abroad

The decision of Deposit Money Banks, DMBs, to place a restriction on the use of ATM cards abroad by bank customers is due to scarcity of foreign exchange, the CBN has said.The CBN said although it sympathizes with Nigerians for the sufferings they are experiencing in carrying out transactions abroad, it can't reverse the decision of DMBs and the CBN is in support of it as it would assist in reducing the pressure on the Naira.The Director, Monetary Policy Department, CBN, Mr. Moses Tule, explained that the restriction might continue until Nigeria could increase its foreign exchange earnings. He said if banks had not taken the decision to restrict the use of the ATM cards abroad, some of them would current be experiencing challenges meeting the overseas demand of their customers.May GOD help Us.. AMEN!!!

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10 ISSUES RAISED BY SEN. BUKOLA SARAKI DURING WORLD PRESS CONFERENCE

POLICE SUE FOR SUPPORT OF PARENTS IN FIGHTING AGAINST CRIME

The Cross River State Police Command has expressed concern over the high rate of proliferation of arms and light weapons among young youths, with a call on parents to be vigilant about the activities of their wards both within and outside their immediate environment. The state Commissioner for Police, Hafiz Inuwa, made this known while speaking at the State CID in Calabar the Cross River State Capital while parading 17 young men with different kinds of arms and ammunition arrested by the police for ranging offences. He Emphasised that security is a collective responsibility and parents have a greater responsibility to this effect. Other items recovered by police included, plasma televisions, gadgets, locally made pistols, army jungle caps among other items. Some of the crimes they were arrested for included, armed robbery at the University of Calabar Staff quarters and different locations in the state, attempted kidnapping, unlawful possession of firearms and cultism...

UNILORIN PRODUCES 89 FIRST CLASS GRADUATES

Prof. AbduGaniyu Ambali, the Vice-Chancellor, University of Ilorin, said on Friday that the institution had produced a total of 89 first class graduates for the 2016/2017 academic session. The Vice-Chancellor made this disclosure in Ilorin on the occasion of a handover and valedictory press conference, which signaled the commencement of the 33rd convocation ceremonies of the university. In his address entitled: “You are great”, the VC said that the university was thriving academically, going by the quality and quantity of research works embarked upon by lecturers. He gave a breakdown of the graduating students thus: 89 First Class Division, 1,932 Second Class Upper Division and 3,727 Second Class Lower Division. The VC also said that 1,309 of them graduated with Third Class Division, 117 with ordinary pass while there were two aegrotat graduating students. While handing over to Pro...

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