Business & Finance

Naira Now N460 Per $1: Trump Mocks CNN; Nigerians To Pay More On Huge Cash Deposits And Withdrawals


Nigerians will be paying more on large cash deposits and withdrawals; Naira sustains gain, now exchanges at N460 to a dollar; Trump mocks CNN and much more. See highlights below:

1. Nigerians to pay more charges for large cash deposits, withdrawals

Nigerians who deposit or withdraw N500,000 and above will now pay between 1.5 per cent and 7.5 per cent charges, according to a new banking policy.

The new policy was approved by the Bankers’ Committee of the Central Bank of Nigeria on Thursday.

2. North Korea’s Kim Jong Nam killed with chemical weapon

A nerve agent known as VX was used to kill Kim Jong Nam, North Korean leader Kim Jong Un’s estranged half-brother, in Malaysia on February 13, police said Friday.

The presence of the VX agent, which is classified as a chemical weapon of mass destruction by the United Nations, was found in swabs taken from Kim’s eyes and face.

3. CAN tells Nigerian Christians not to abandon Buhari

The Christian Association of Nigeria (CAN) once again asked Christians to continue praying for President Muhammadu Buhari until he returns to the country hale and hearty.

CAN President, Supo Ayokunle, urged Nigerians especially Christians not to cease praying for the president, the acting president and the country until he returns in good health and sound mind.

4. Reps summon Emefiele over alleged $17 billion undeclared oil sales

The House of Representatives ad-hoc Committee investigating the alleged stolen $17 billion oil and gas sales ordered Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, to appear before it within one week.

The money was allegedly stolen through undeclared crude oil and liquefied natural gas export.

5. 5G ‘lightning fast’ internet to be unveiled by 2020

working group of the International Telecommunication Union (ITU), said it has completed a cycle of studies on the key performance requirements of the next generation mobile networks (5G technology) for the International Mobile Telecommunications (IMT)-2020 systems.

The ITU Secretary-General, Houlin Zhao, in a statement, said 5G mobile systems would provide lightning speed, ultra-reliable communications for broadband and the Internet of Things (IoT).

6. My marriage was a sham – Tonto Dikeh

Embattled Nollywood actress, Tonto Dikeh, said her marriage to Olakunle Churchill was a sham.

Churchill is alleged to be former President Olusegun Obasanjo’s nephew.

She made the revelation on her Instagram @tontolet account while responding to advice from her fans persuading her to have a rethink over her marriage.

7. Naira sustains gain on dollar at parallel market

The Naira sustained its gains against the dollar as liquidity boost by the Central Bank of Nigeria, CBN, had forced a crash in the price of the greenback.

The Naira exchanged at N460 to a dollar at the parallel market, gaining 40 points from N500 it recorded on Thursday.

8. Trump criticises media, labels CNN Clinton News Network

U.S. President Donald Trump renewed his attack on what he called “fake news”, accusing the media of false reports and polls.

Mr. Trump called out “Clinton News Network”, when urged by his audience to mention some media he claimed published fake polls.

9. Nigerian govt. sacks all directors in NCAA

The Federal Government announced the sack of all the directors in the Nigerian Civil Aviation Authority (NCAA).

The removal of the officials was with immediate effect.

10. With Buhari in UK, aide’s advice on Made-in-Nigeria patronage sparks backlash

Bashir Ahmad, a media assistant to President Buhari, earned the ire of some Twitter users after advising Nigerians to help drive up the value of naira by patronising locally-produced goods.

The clash began when Mr. Ahmad, 25, propped up a newspaper report that said the naira had been making gains against the U.S. dollar at the parallel market, following this week’s foreign exchange decision by the Central Bank.

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