The Association of Senior Staff of Banks, Insurers, and Financial Institutions has declared that banks must start operating as of Monday, February 20, 2023.
Fidel Info reports that the association made this disclosure while delaying the start of its planned strike action on Monday.
As you may remember, the shortage of the naira had led to a number of instances of protests and the destruction of bank facilities all around the nation.
On Sunday, Olusoji Oluwole, the association’s president, announced it.
He did, however, issue a warning that anytime their lives are in danger, members should immediately close their gates and doors to consumers.
He said: “Following the recent unwarranted attacks on members of ASSBIFI, other bank workers, and the destruction of several branches across various states, we were forced to issue a stay-at-home order to our members to safeguard their lives, and properties of their various organisations.”
“Based on the outcome of our discussion, we hereby release the following statements: while our members will resume at their functional branches immediately, the safety and security of their lives remain paramount to us and we continue to demand that visible and adequate security is provided in all operational areas. particularly places that are traditionally known to be volatile.”
“In the event of any threat of attack by the public without visible protection, they have been advised to shut down and move to safe locations until such a time that their safety can be guaranteed,” he said.
He did, however, caution members to evaluate the level of security in their settings before starting operations.
Oluwole stated that the association is worried about the inflammatory and threatening remarks made when banks initially refused to take old N1000 and N500 notes due to instructions from the banking regulator, the Central Bank of Nigeria.
BREAKING: Jubilation across Nigeria as BUA Reduces Price Of Cement To N3,500
One of the major companies in Nigeria, BUA Group , has announced a reduction of ex-factory cement price to N3,500 per bag.
The company, which made this known in a statement on Sunday, said the reduction will take effect from 2 October, 2023.
The statement titled : ‘BUA Cement reduces ex-factory cement prices to N3,500/bag effective October 2, 2023’, reads in full :
“We refer to our previous pronouncements regarding our intent to reduce cement prices upon the completion of our new lines at the end of the year, in order to spur development in the building materials and infrastructure sectors.
As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform our esteemed customers, stakeholders, and the public that effective October 2, 2023, we have decided to bring the price reduction forward. As a result, BUA Cement would now be sold at an ex-factory* price of 3,500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.
Upon completion of the ongoing construction of our new plants, which would increase our production volumes to 17million metric tonnes per annum, BUA Cement PLC intends to review these prices further in line with our earlier pronouncements by the first quarter of 2024.
NOTE: all pending, undelivered orders which had been paid for at the old prices will be reviewed downwards to N3500/bag in line with the new pricing from October 2, 2023. Our licensed dealers are also enjoined to ensure that end-users benefit from this reduction in ex-factory prices as we will monitor field sales to ensure compliance
Activate state police, politicians will become terrorists target – Primate Ayodele to Tinubu
The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has advised President Tinubu to activate state police to combat insecurity in the country.
Primate Ayodele revealed that the rate of insecurity will be alarming, adding that the existing security operatives will not be able to handle it, hence the need for state police.
In a statement signed by his spokesman, Oluwatosin Osho, Ayodele mentioned that more hands are needed, and state police will be very effective in this area.
He stated that terrorists will soon start targeting politicians for attacks, and it will get to a point where they will start walking and moving with fear.
According to Ayodele, the government should activate CCTV in sensitive areas to effectively combat insecurity.
He said, “The government should introduce state police and activate it as soon as possible to combat insecurity in the country.
“The rate of insecurity will be alarming, and the military, police, DSS, and NSCDC will not be able to handle it.
‘’The government should activate CCTV cameras to fight insecurity. We need more hands to fight it; it will get to a point where politicians will be moving with panic and fear.
“They will become targets of terrorists; there will be kidnappings among them.”
Who is the new CBN Governor? Unveiling Yemi Cardoso: The Citibank Prodigy And Financial Genius Behind Lagos’ Tax Revolution!
In the buzzing financial district of Lagos, Yemi Cardoso’s name is whispered with a mix of respect, admiration, and perhaps a dash of envy. Today, as the entire country turns its eyes towards the Central Bank of Nigeria (CBN), the question on everyone’s lips is, “Who is the new CBN Governor?” We delve into the life and legacy of Yemi Cardoso, the man now at the helm of Nigeria’s financial future.
Born to a modest family, Yemi’s early life gave little indication of the powerhouse he would become. However, a relentless pursuit of education and an intrinsic passion for finance would set him on a meteoric rise. Starting his illustrious banking career with Citibank, Cardoso swiftly climbed the corporate ladder. His innate understanding of banking intricacies and a knack for strategic planning saw him rise to the esteemed position of Vice President. But the ambitious Cardoso didn’t stop there. He took a bold leap, co-founding Citizens International Bank, and for eight defining years, played a pivotal role as an Executive Director.
Yet, banking wasn’t the only domain where Cardoso left an indelible mark. He answered the call of public service, becoming the first Commissioner for Economic Planning and Budget for Lagos State. It was under his visionary leadership that Lagos underwent a pivotal financial reform, developing its own robust independent tax revenues. This wasn’t just a bureaucratic change – it was a revolution that altered the fiscal landscape of Lagos forever.
But who is Yemi Cardoso, the man behind the accolades and achievements? Beyond the corporate meetings and policy discussions, Cardoso has been a vital consultant and policy expert, aligning with major global development giants like the World Bank, UN Habitat, and even the Bill and Melinda Gates foundation. His expertise has shaped policies and development strategies, making him a revered name on global platforms.
Yet, for all his achievements, Cardoso remains grounded. A recipient of several awards, including a coveted honorary Doctorate Degree from Aston University, his alma mater, and the Global Distinguished Alumni award from Citi, he remains deeply connected to his roots. His Masters in Public Administration from the prestigious Harvard Kennedy School, where he was a celebrated Mason Fellow, is a testament to his commitment to public service and excellence.
As Nigeria stands on the cusp of a new financial era, the appointment of Yemi Cardoso as the CBN Governor isn’t just a political move; it’s a statement. A statement that Nigeria is ready to merge global financial strategies with homegrown expertise. With Cardoso steering the ship, the future of Nigeria’s financial landscape certainly seems promising
General6 days ago
FG Declares Wednesday Public Holiday
Education4 weeks ago
Comprehensive List of Courses at University of Ilesa
Economy2 weeks ago
Abuja MOU: Oyetola rounds off council of ministers’ meeting in Abidjan
General2 weeks ago
Governor Adeleke Declares Curfew in Orolu & Irepodun LGs
General3 weeks ago
Atiku to Saraki: Account for 2023 campaign funds”
Entertainment1 week ago
‘This Is Pure Evil’ – Mary Njoku frown at Those requesting DNA Test From Mohbad’s Wife
General2 weeks ago
Oluwo tackles Obasanjo for ordering Oyo monarchs to stand
General1 week ago
Mohbad: I Disguised To Candlelight, Shameful Things People Did – FPRO