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The House of Representatives during plenary today urged the Central Bank of Nigeria to suspend its recent directive to banks on cashless policy, which seeks to have individuals and corporate organizations charged for deposits and withdrawals respectively.

If you have been on social media for the past 48 hours, you would have thought that a national emergency the scale of a hurricane has just occurred. This is on back of the reaction of Nigerians to the publication of the circular by the CBN to deposit money banks that they should begin the implementation of the processing charge on lodgments alongside the existing processing charge on withdrawals within 24 hours.

Equities market closed today on a negative note, as NSEASI depreciated by -0.13% to close at 27,646.15 points as against 1.00% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -12.04%.