RUSSIA LAUNCHES MASSIVE DRONE AND MISSILE BARRAGE ON UKRAINE, KILLING AT LEAST 18 CIVILIANS AND STRIKING KYIV AND MULTIPLE CITIES. (PHOTO).

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 Russia launches massive drone and missile barrage on Ukraine, killing at least 18 civilians and striking Kyiv and multiple cities  Russia carried out a large-scale overnight assault on Ukraine, launching hundreds of drones and dozens of missiles that killed at least 18 civilians and wounded more than 100 others across multiple cities, officials said Tuesday. The strikes hit Kyiv, Dnipro and other regions, with emergency crews working through destroyed residential buildings where some victims were trapped under rubble. In Dnipro, rescuers recovered the bodies of a 3-year-old child and a mother and her 8-year-old son, while officials reported 12 deaths in the city and six in Kyiv. The bombardment stretched from night into daylight, with explosions reported across wide areas of the country. Kyiv residents had been on alert for days after warnings of a major aerial attack, including advisories for foreign diplomats to leave the capital. Despite those warnings, most remained in pl...

NAIRA SCARCITY HITS ABUJA AS ATMS FAIL TO DISPENSE CASH. (PHOTO).


Naira scarcity hits Abuja as ATMs fail to dispense cash 

Some parts of the Federal Capital Territory, FCT, are beginning to experience paucity of the Naira as Nigerians approach Christmas.

No fewer than seven commercial banks in the AYA area of Abuja failed to dispense cash on Thursday.

A correspondent, who visited these ATMs on Thursday evening, reports that he could not withdraw, and it has been the case for about a week.

Our correspondent, however, observed that Point of Sales, POS, operators lined up in their numbers in front of those banks to make brisk business.

One of the POS operators, who identified himself as Samuel, lamented that the ATMs have not been dispensing cash as expected.

He noted that cash was only available at certain hours of the day.

“Since we entered December these ATMs have not been dispensing as much.

“There is naira scarcity and most likely it may be because we are approaching December, but only CBN can explain this new scarcity,” he said.

This is coming amid the Central Bank of Nigeria, CBN, directive that both the old and the redesigned Naira notes remain legal tender in Nigeria.

The Supreme Court also in its judgment granted the prayers of the federal government to lift the December 31 extension deadline for the usage of N200, N500, and N1,000 notes.

While responding to the judgement, the CBN had this to say: “To avoid doubt, the Supreme Court ordered that the old versions of N200, N500 and N1000 banknotes, alongside the redesigned versions, shall continue to be legal tender.

“Accordingly, in line with Section 20(5) of the CBN Act 2007, all banknotes issued by the Central Bank of Nigeria will remain legal tender indefinitely.”

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