Categories: Latest News

Naira scarcity hits Port Harcourt as banks turn down customers’ request

Banks in Port Harcourt and environs Friday ran out of cash and we’re turning down requests of customers who had approached their offices to collect cash for their transactions.

At the Ikwerre road branch of a commercial bank, teller were busy referring their customers to other nearer branches without any assurances to them that they would get paid at those referral branches.

At some point they were giving N20,000 to customers requesting any amount above that and citing as reasons “no cash” without any further explanation to frustrated customers demanding cash for their different transactions.

Automated Teller Machines (ATMs) stopped dispensing cash even as one PoS operator told our correspondent that he was not surprised as his years of experience has shown the same trend of scarcity of cash from banks at this period of the year.

To ward off pressure from customers who were getting agitated, officials suddenly announced the closure of their branch to customers as early as 3pm. Information revealed that the scarcity was across all banks.

 

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Ailing Chief Kokori dies on 80th birthday

Ailing elder statesman and former General Secretary of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Chief Frank Kokori, is dead. He died at exactly 1:30 am on Thursday, December 7, 2023, coincidentally on his birthday at exactly 80, our correspondent gathered in the wee hours of Thursday.....….

 

Revenue: Stop tax waivers, offer rebates, Senate tells FG

Amid the defence of the 2024 budget proposals by Federal Government Ministries, Department and Agencies (MDAs), the Senate Committee on Appropriations on Wednesday called on the government to stop granting tax waivers and other concessions to big business operators in the country……..

 

Sports minister meets NFF, Peseiro over AFCON plans

The Honourable Minister of Sports Development, Senator John Owan Enoh, has convened a high-level meeting with the leadership of the Nigeria Football Federation (NFF) and Coach of the Super Eagles, Jose Peseiro to deliberate on strategic plans and preparations for the 2023 Africa Cup of Nations (AFCON).….….…

Kaduna bombing: Fresh twist as protesters demand resignation of Defence Minister

A group of Northern youths under the aegis of Youth Council of Nigeria (NYCN) North West Zone, and Arewa Youth Movement, Wednsday, stormed the main gate of the National Assembly to protest against the loss of lives arising from a military drone which bombed innocent civilians at the weekend in Tudun Biri in Rigasa District of Igabi Local Government Area of Kaduna...…

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