CHRISTIANS ENJOINED TO SEEK GOD'S FACE DESIST FROM NEGOTIATING ONE'S DESTINY WITH THE DEVIL. (PHOTO). #PRESS RELEASE

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 Christians enjoined to seek God's face desist from negotiating one's destiny with the devil By Ezumezu Nonyelum  Christians enjoined to seek God's face desist from negotiating one's destiny with the devil. Converts encouraged to refrain from secret sin that deprives them from mercy of God. The Officiating Priest of St. Michael Parish Awkuzu, Rev. Fr. Michael Okoye stated this in a homily during a 6.00am mass on November 15. Fr. Michael Okoye hinted that some Catholic faithfuls have deny their destiny for worldly pleasures, sins, money to satisfy their flesh. He reflects on Mathew's Gospel that"  fear is debilitating indeed". The other servants who were not governed by fear took risk and made wonderful returns", he said. Fr. Okoye emphasized in the parable of 5 talents, 2 talents and 1 talent that Christians should not seen others most favoured than others. He added that some human being regard themselves as less endowed for achieving the purpose for ...
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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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