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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PEP GUARDIOLA AND LIONEL MESSI DONATE €1,000,000 EACH TO HELP FIGHT COVID-19

Manchester City football manager Pep Guardiola alongside Barcelona superstar Lionel Messi have each contributed a whooping €1million to help Spain and Argentina in the fight against the coronavirus pandemic. According to Spanish media reports, Guardiola sent the money (equivalent to his monthly wage at Manchester City) to Barcelona Medical College and the Angel Soler Daniel foundation, a foundation named after a doctor from Santpedor, the town in Barcelona Guardiola hails from. Guardiola made the financial pledge on Tuesday following an appeal by the foundation over the weekend as the Spanish government declared a state of emergency on Saturday in a bid to quell the coronavirus pandemic. Messi, the World's 2019 footballer of the year, made his own contribution after taking part in several campaigns to raise awareness over the past week, highlighting the importance of staying at home and washing hands to avoid the virus from spreading. According to Cat...

ABIA GOVT TAKE MADE IN ABA TO USA

As part of Governor Okezie Ikpeazu's campaign for promoting Made-in-Aba products, Abia State government and Abia State National Association, U.S.A. and North America, ASNA-NA,showcased the potentials and quality of Aba products to the international community during the association's national convention in New York City, USA. The event saw many designers, such as Chumar, and thousands of products shipped in from Aba on display, with models on the runway, adorning Aba-made designs. According to the Special Assistant to the Abia State Governor on Diaspora Matters, Mr. John Ndubuisi, all the outfits on display were sold out and orders placed, noting that Made-in-Aba designs will soon be competing in the American market. He added that with the clamour for restructuring, Abia State Government is working to grow the local economy, provide employment, empower skilled artisans and boost internally-generated revenue, stressing that Aba, dubbed The Japan of Africa for its entrepreneurial ...

Barcelona report La Liga president

Barcelona have reported La Liga president Javier Tebas to Spain's highest sports court after he questioned their players' conduct during a heated 3-2 win at Valencia. The hosts were fined 1,500 euros (£1,340) after a water bottle was thrown from the stands at players. But the disciplinary committee also criticised the "reproachable behaviour" of the celebrating Barcelona players. The Catalan club said these declarations were "irresponsible". "The most serious thing is the thrown bottle, but some players acted in a way we don't like," Tebas said after the incident, also suggesting Barcelona players provoked Valencia fans. Barcelona said they have requested the Administrative Court of Sport open disciplinary proceedings against Tebas and members of the federation's competition committee. The club's president, Josep Maria Bartomeu, added: "Making statements regarding the actions of the players adds even more tension to a situation tha...

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