DG NEMA TAKES DISASTER RISK REDUCTION AWARENESS TO PRIMARY SCHOOL PUPILS IN ABUJA.(PHOTOS).

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 DG NEMA Takes Disaster Risk Reduction Awareness To Primary School Pupils in Abuja The Director General of NEMA, Mrs. Zubaida Umar, has visited LEA Primary School, Durumi, Abuja where she engaged pupils in an interactive session on disaster prevention and safety awareness. The visit which formed part of NEMA’s ongoing efforts to promote disaster risk reduction education among young Nigerians and build a culture of safety from an early age. A statement by Manzo Ezekiel, Head, Press Unit indicates that while addressing the pupils, Mrs. Zubaida Umar emphasized the importance of basic safety habits and simple disaster mitigation measures that children can adopt both at home and in school. She taught the pupils practical steps to reduce risks associated with common emergencies such as fire outbreaks, flooding, and unsafe play environments.  The Director General encouraged them to be safety conscious, remain alert to potential dangers in their surroundings, and promptly report hazar...
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CBN EXTENDS SUSPENSION OF CASH DEPOSIT CHARGES. (PHOTO).

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 CBN extends suspension of cash deposit charges


The Central Bank of Nigeria (CBN) has extended the suspension of charges on cash deposits above certain thresholds.

The new directive, effective immediately, will see Nigerians continuing to deposit cash without incurring processing fees until September 30th, 2024.

This announcement comes after a brief period of confusion. On May 1st, banks resumed charging processing fees on cash deposits, in response to the CBN’s “Guide to Charges by Banks, Other Financial Institutions and Non-Bank Financial Institutions” issued in December 2019.

These fees were two per cent for individual accounts exceeding N500,000 and three per cent for corporate accounts exceeding N3 million.

The CBN, in a new circular signed by Adetona Adedeji, Director of Banking Supervision, referred to a previous suspension of these charges implemented in December 2023 and officially extended that suspension until the end of the third quarter of 2024.

The latest circular reads: “Please refer to our letter dated December 11, 2023, referenced BSD/DIR/PUB/LAB/016/023 on the above subject, suspending processing charges imposed on cash deposits above N500,000 for Individuals and N3,000,000 for Corporates as contained in the “Guide to Charges by Banks, Other Financial Institutions and Non-Bank Financial Institutions” issued on December 20, 2019.

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