TRUMP IN VIEW OF SECOND ROUND OF DIRECT PAYMENTS TO AMERICANS

President Trump said Sunday night that he’s open to sending a second round of direct payments to most Americans to help with the economic effects of the coronavirus pandemic.

“I like the concept of it,” Mr. Trump said at a White House press briefing. “I like money going directly to people. It’s not their fault that this happened.”

Most Americans will be receiving direct payments of up to $1,200 per person, and $500 per child, from a $2.2 trillion rescue package signed into law by Mr. Trump. House Speaker Nancy Pelosi is proposing another round of similar payments in a likely follow-up rescue bill.

The president said the White House is looking at “a different way of doing it” from what Mrs. Pelosi has proposed, but made clear that he’s not opposed to a second round of payments.

He said the administration is still on target to deliver the first payments to families in “a couple of weeks.”

People earning up to $75,000 per year qualify for the full amount, with the payments phasing out at an income cap of $99,000.

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EMIR OF KASTINA TELLS PRESIDENT BUHARI TO SIGN PEACE CORPS BILL

The Emir of Katsina, Abdulmumini Usman, has declared support for the Peace Corps bill passed by the National Assembly. The bill, which seeks to turn the Peace Corps, a non-government organisation, into a government paramilitary agency, has elicited mixed reactions from Nigerians. Proponents see it as an avenue to create jobs for thousands of youth while critics describe as a duplication of functions already being performed by existing agencies and creation of another bureaucracy at a time the country is finding it difficult to pay workers' salaries. The bill was opposed by existing military and security institutions in Nigeria and the Peace Corps leader Dickson Akoh is currently being prosecuted for alleged fraud. Apart from lawmakers, the bill is also supported by some prominent Nigerians including the Minister of Sports, Solomon Dalung, who also asked Mr. Buhari to sign to it. The News Agency of Nigeria reports that the Katsina emir made a similar call on the president on Thursda...

AKEREDOLU, KEKEMEKE AND OTHERS BID MRS FAGUNWA GOODBYE

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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