Schools, banks, others shut as Supreme Court decides Kano governorship election
There is tension in Kano State, especially the capital, as residents await the verdict that will decide their lawful governor today. Schools and financial institutions have announced closed, anticipating violence after the ruling. After his eight months in power, the Supreme Court is set to issue a final judgment that will determine whether or not Abba Yusuf of New Nigeria Peoples Party (NNPP) will remain the governor of Kano. The embattled governor is challenging the verdicts of the tribunal and Court of Appeal that favoured Nasiru Gawuna of All Progressives Congress (APC) at the apex court, which decision would finally
Banks, customers lament low supply, as cash scarcity worsens
THE prevailing scarcity of cash worsened, weekend, with banks lamenting low cash supply from the Central Bank of Nigeria, CBN. Also, customers were worst hit, as many of them could not withdraw cash after visits to many bank branches and ATMs. Vanguard investigation showed that bank customers encountered either empty ATMs in most bank branches or severe cash rationing for withdrawals. Confirming the development, a bank customer who spoke to Vanguard, Charles Ogundipe, said: “I am in the habit of making withdrawals from the ATM at weekends, particularly on Sundays. This is because there is less congestion. “But on today
Banks, Other Financial Institutions Receive Notice of Shutdown Ahead Labour Strike
The National Union of Banks, Insurance, and Financial Institutions Employees has issued notice of shutting down operations to all financial institutions owing to the proposed indefinite strike by the organized labour. Recall that the Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC, have resolved to shut down the country’s economy from October 3, following the inability of the federal government to roll out palliatives that would mitigate the effect of the fuel subsidy removal. Despite several moves by the government to avert the looming indefinite strike, the organized labour has insisted that until its demands are met,
Banks, Traders reject old naira notes in Ondo
Commercial banks in Akure, the Ondo State capital, have begun rejection of the old notes of N200, N500 and N1000 notes. Many customers who went to the banks to deposit were disappointed when the bank officials refused to collect the old notes. The Nation reports that at the Jais bank, an official advised customers to take the old notes to the Central Bank of Nigeria(CBN). An official of an old generation bank, who spoke on anonymity, said they were acting on instruction from the Central Bank of Nigeria. Other banks visited were the UBA, FCMB, First Bank and Zenith bank.
