The Oyo State Governor, Seyi Makinde, on Wednesday, said preliminary investigations by security agencies revealed that the explosion that happened at Old Bodija, off Adeyi Avenue, area of Ibadan, on Tuesday was caused by explosive devices stored by illegal miners. Governor Makinde, who visited the explosion scene Tuesday night, said …
Read More »Cash scarcity bites harder in Lagos, Ogun, other major cities
Despite repeated assurances by the Central Bank of Nigeria (CBN) that there is enough currency in circulation, the cash scarcity in Lagos metropolis, Ogun and other major cities have continued unabated with banks now limiting the amount of cash customers could withdraw. According to a POS operator in the Opebi …
Read More »Oyo NSCDC pledges adequate security, marks end of year celebration
Funmi Ojo The Oyo State Commandant of the Nigeria Security and Civil Defense Corps, Michael Adaralewa, has reiterated the NSCDC’s commitment toward the provision of adequate security during the festive season in the state. Speaking at the end of the year party held at the command’s headquarters, Ibadan, on Tuesday, …
Read More »Cash Scarcity: People are hoarding banknotes — CBN
The Central Bank of Nigeria (CBN) has attributed the reported cases of cash scarcity in some major cities across the country to the hoarding of bank notes by some persons it didn’t identify. But the apex bank, however, assured that it is addressing the problem. The Bank’s Acting Director in …
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