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1.4m PoS operators to lose jobs over CBN policy- Association

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The Association of Mobile Money and Bank agents in Nigeria has written a petition to the house of Representatives on the new CBN Cash policy.

The petition was read by a member from Oyo state, Tolulope Shadipe, on the floor of the house when the CBN deputy governor, finance system stability, A’isha Ahmed came to brief the house on the new policies of the apex bank.

According to the petition, the new cash policy will render POS operators jobless because there are over 1.4 million agents in Nigeria.

“I know that CBN is aware that there are over 1.4 million POS agents in Nigeria and this new policy would render them jobless,” Mrs Shadipe warned.

“That is a major economic impact on the nation. 

“Was this given consideration when this policy was decided?” She asked.

The Lawmaker said it was regrettable that the policy also affects the progress made in diaspora remittances, which currently stand at $20 billion.

Mrs Shadipe observed that thousands of mobile money and bank agents operate outside the city centres and “do not have access to digital or electronic banking”. 

She added that the association had written a petition to the CBN on the 8th of December without receiving any response. 

In her response, the deputy governor, finance system stability of the CBN, A’isha Ahmed, assured Nigerians that the policy would not make people lose their jobs, saying technological changes open new opportunities for people to do other things.

She added that the Apex bank has already launched massive enlightenment campaigns to educate Nigerians more on the policy.

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NiMet forecasts 3-day sunshine, haziness from Sunday

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The Nigerian Meteorological Agency (NiMet) has forecasted a period of sunshine and haziness from Sunday to Tuesday across the country. According to the weather outlook released on Sunday in Abuja, NiMet predicts sunny skies in a hazy atmosphere over the northern region during this forecast period. The North Central region is also expected to experience sunny skies in a hazy atmosphere.

In the Inland states of the South, NiMet anticipates cloudy skies with spells of sunshine. Coastal cities are expected to have cloudy skies with the possibility of thunderstorms over parts of Edo, Ondo, Imo, Ebonyi, Delta, Bayelsa, Rivers, Akwa Ibom, and Cross River states during the afternoon and evening hours.

Dust haze is foreseen over the northern region on Monday, while the North Central region is expected to experience sunny skies in a hazy atmosphere. The Inland states of the South and coastal cities are predicted to have cloudy skies with spells of sunshine, along with the likelihood of morning mist over Delta, Bayelsa, Lagos, Cross River, and Akwa Ibom. Thunderstorms are expected later in the day over parts of Rivers, Bayelsa, and Akwa Ibom states.

On Tuesday, NiMet forecasts dust haze with a visibility range of 2km to 5 km over the northern region. The North Central region is expected to experience dust haze as well. In the Inland states of the South and coastal cities, cloudy skies with spells of sunshine are anticipated.

NiMet issues a cautionary note about dust particles in suspension and advises the public, especially individuals with respiratory issues, to take necessary precautions. The agency also warns of the potential for moderate to heavy rainfall leading to flash floods and advises the public to exercise caution. Strong winds are likely to precede and accompany thunderstorms, and disaster risk managers, agencies, and individuals are advised to be proactive during the rainy season.

Finally, NiMet advises airline operators to obtain updated weather reports from its office for effective planning in their operations.

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Kaduna bombing: Senators donate December salaries to victims

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Each of the 109 senators in the Federal Republic of Nigeria has contributed their December salaries to assist the victims of the recent bombing incident in Kaduna that occurred last Sunday. The Deputy President of the Senate, Senator Barau I. Jibrin, made this announcement on Sunday during a visit to the Kaduna State Government House, leading a prominent delegation of Senate members. The delegation was welcomed at the Government House by Governor Uba Sani. Further information will be provided soon.

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ECOWAS meeting holds in Abuja

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The 64th Ordinary Session of the Economic Community of West African States (ECOWAS) Heads of State and Government is currently taking place in Abuja, Nigeria. President Bola Tinubu of Nigeria is set to chair the session, which is being attended by leaders from the 15-member block.

According to reports from the News Agency of Nigeria (NAN), countries such as Ghana, Liberia, and Sierra Leone have already gathered at the venue, the Banquet Hall of the Presidential Villa in Abuja. Other member states present include Benin, Gambia, Togo, Cape Verde, and Senegal.

In addition to the Heads of State and Government, the meeting is being attended by the ECOWAS Commission and other stakeholders, including former President Goodluck Jonathan, the U.S. Lead diplomat for Africa, Molly Phee, the African Union (AU), and the UN Secretary-General Special Representative for West Africa and the Sahel, Leonardo Simao.

The agenda for the end-of-year meeting includes a comprehensive review of decisions and agreements previously made by the body. This encompasses topics such as the adoption of the ECO as a common currency for the region. The regional body will also deliberate on issues such as the recent coup d’etats in Niger, Burkina Faso, Mali, and Guinea.

Furthermore, the meeting will address concerns related to climate change, democracy, bilateral relations, and the African Continental Free Trade Agreement.

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