CBN Explains Restriction On Naira Debit Cards

The Director, Monetary Policy of the Central Bank of Nigeria, Mr Moses Tule, has been speaking on the recent restrictions on the use of naira debit cards and dollar transactions in the country.

At an interactive session with journalists in Abuja, Mr Tule said that naira debit cards can no longer be used outside the country due to the abuse it has suffered in the hands of some persons who use it to transfer foreign currencies illegally.

He said that the nation’s foreign reserves has been heavily depleted due to the fall in the price of oil and as such, the apex bank had to place some restrictions on the use of naira debit cards in addition to banning the use of the United States dollar as a substitute for the naira.

Comments

CONSTITUTION OF APC (THE ALL PROGRESSIVES CONGRESS)

CONSTITUTION OF APC (THE ALL PROGRESSIVES CONGRESS) Intro Table of Content Preamble Article 1 Name of Party Article 2 Supremacy of the Party Constitution Article 3 Motto Article 4 Slogan Article 5 Flag Article 6 Symbol Article 7 ...

HOW TO USE WHATSAPP ON YOUR PC/LAPTOP/TABLET – WEB BROWSER

Hey Guys, a good news!! Now WhatsApp is available on our Pc/laptop/tablet. Here we gonna use WhatsApp on our web browser directly. As earlier, I’ve shown you about How to install WhatsApp on Computer/Laptop – Windows 7/8, Mac by using bluestacks software, today we don’t need any softwares or emulators to use WhatsApp on our desktop. Officially WhatsApp company has released this new feature ‘ WhatsApp Web ‘. So by using this new feature, we are gonna use Whatsapp on our PC/Laptop. Here we need to note one thing, ‘WhatsApp Web’ means this is not another Whatsapp account or new Whatsapp account. We are simply using the same Whatsapp account on our computer/laptop and our phone. Till now whatever we did on the mobile Whatsapp, the same things we are gonna do on the web browser Whatsapp. “WhatsApp Web is a computer based extension of the WhatsApp account on your phone. The messages you send and receive are fully synced between your phone and your compu...

Nothing wrong with handcuffing Metuh, says Oshiomhole

Edo State Governor, Adams Oshiomhole Tunde Odesola Edo State Governor, Adams Oshiomhole, on Wednesday said there was nothing wrong in bringing the National Publicity Secretary of the Peoples Democratic Party, Olisa Metuh, to court in handcuffs. The governor stated this in Benin when he met with the new leadership of the Nigeria Union of Journalists, Edo State chapter. He described the outcry against the handcuffing of Metuh as uncalled for, saying lesser criminals were given worse treatments in the country. The governor said, “If those accused of lesser crimes are handcuffed and paraded by the police and got no sympathy from the public, Mr. Metuh and others accused of diverting huge public funds, should not have sympathy.” Oshiomhole said the media should not allow President Muhammadu Buhari to be harassed into silence by those who looted the country’s treasury. “I want to appeal to the media to join President Buhari in fighting the anti-corruption war because if we d...

Fully Reported

Search This Blog