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Cash crunch

9 Dec
Mobile money agents have become a familiar sight across Nigeria, using handy point-of-sale machines to provide essential services to millions of people without access to banking, particularly in hard-to-reach rural areas. Even on the streets of major cities they have become a go-to, due to an ongoing shortage of cash at ATMs since a much-vilified…

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In a bid to cushion the effects of hardship, the federal government has concluded arrangements to distribute N75,000 in cash to 70 million Nigerians. Senior Special Assistant to the President on Public Affairs, Hon. Aliyu Audu, in a statement on Sunday, explained that the gesture aligns with President Bola Tinubu's administration's determination to address the…
6 mins ago
Ruben Amorim made the astonishing admission that his Manchester United flops are the worst team in the club's history after Sunday's dismal 3-1 defeat against Brighton. United crumbled to a sixth loss in 11 Premier League games since Amorim arrived from Sporting Lisbon to replace the sacked Erik ten Hag. "We are the worst team…
9 mins ago
Phil Foden struck twice as Manchester City climbed to fourth in the Premier League with a 6-0 rout of struggling Ipswich on Sunday. Foden netted either side of Mateo Kovacic's eye-catching goal as City blew Ipswich away with three first-half goals at Portman Road. Jeremy Doku, Erling Haaland and James McAtee netted after the interval…
13 mins ago
Tragedy struck yesterday when gunmen, suspected to be hired assassins, shot and killed the Shepherd-in-charge of a Celestial Church of Christ (CCC) in the Idiroko border town of Ipokia Local Government Area of Ogun State on Sunday morning. The deceased, identified as Yomi Adetula, was shot dead inside his church around 11 a.m. while preaching.…
18 mins ago
Obi of Onitsha congratulates Igwe Iweka as Anambra TRC chairmans Chairman of the Anambra State Traditional Rulers Council Obi of Onitsha . Achebe, in his congratulatory message on Sunday in Onitsha by his Chief of Staff, Chief Osita Anionwu, pledged support and encouragement to enable Iweka succeed. The News Agency of Nigeria (NAN) recalls that…
28 mins ago
A Diaspora APC Chieftain, Mr. Ayoola Lawal has congratulated Mr.Temitope Adewale on his emergence as the new Majority Leader of the Lagos State House of Assembly. In his congratulatory message on Sunday in Lagos, Lawal, the immediate past chairman of APC in the Scandinavian countries, said that Adewale’s appointment underscored his consistent alignment with the…
31 mins ago
The management of Dangote Refinery has said the recent adjustment in its ex-depot price of Premium Motor Spirit (PMS), otherwise known as petrol, is directly related to the significant increase in global crude oil prices. The refinery had raised its PMS price from N899/litre to N955/litre at its loading gantry after the price of crude…
40 mins ago
The Federal Government, through the Ministry of Solid Minerals Development, has unveiled a 13-episode television series titled ‘Hidden Riches’, aimed at inspiring Nigerians and attracting investments to the untapped opportunities in the solid minerals sector. The premiere took place over the weekend in Abuja. Produced by Take 7 Media Production, the series will air weekly…
42 mins ago
Lawrence Ojaideh, Head of Operations, Nigeria American Football Association (NAFA), the organizers of the Nigeria Secondary School Flag Football League (NSSFFL) has described the third edition of the league a huge success. Ojaideh told the News Agency of Nigeria (NAN) in an interview in Lagos on Sunday that the edition had given the organizers hope…
53 mins ago
Marcus Mosiah Garvey (17 August 1887 – 10 June 1940) was a Jamaican-born political leader, orator, entrepreneur, and visionary who became one of the most influential figures in the fight for Black empowerment and self-determination in the early 20th century. Born in St. Ann's Bay, Jamaica, and passing away in London, England, his life and…