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CBN tightens remittance rules, mandates naira accounts for IMTO transactions

The Central Bank of Nigeria (CBN) has instructed international money transfer operators (IMTOs) to process all diaspora remittances through naira settlement accounts held with authorised dealer banks, in a move to improve transparency and strengthen liquidity in the official foreign exchange market. Under the directive, all transactions, including payments to beneficiaries, must be routed through…

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Aba Roads Light Up as Alex Mascot Ikwechegh Boosts Security and Night Economy

From Marcus Nkire Street lighting is expanding across Aba through an initiative led by Alex Mascot Ikwechegh, the lawmaker representing Aba North and South Federal Constituency, also known as Onyeocha N’Aba. The programme is designed not only to brighten roads but to strengthen security, support business activities after dark, and improve daily life for residents….

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MIDWEEK SERMON BY SAMUEL NKIRE

PRAY: ‘GOD WILL HEAL ME not GOD PLEASE HEAL ME *You miss it when you beg and pray: ‘O God, please heal me’, instead of believing and praying: ‘O God, I know you will heal me’. *Many people think they’re being humble when they beg, instead proclaiming God’s words and promises when they pray. That’s…

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SAM NKIRE ON SUNDAY

UNDERSTANDING GRACE; BENEFITTING FROM GRACE. Ephesians 2:8-9 says: “For by grace you have been saved through faith, and that not of yourselves; it is the gift of God. Not of works, lest anyone should boast.” *Grace is not earned or achieved by any means humanly possible. Grace is a gift from God. Grace is commonly…

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MIDWEEK SERMONBY SAMUEL NKIRE

EVEN POLITICIANS ARE ENTITLED TO DOUBLE PORTIONS. *Good leaders of the people such as politicians, kings and priests are also entitled to double portions, instead of shame and dishonour; when they serve well and not mess things up by taking or asking for more than a fare share. *2Kings 2:9 says: “And so it was,…

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SAM NKIRE ON SUNDAY

PEOPLE OF GOD SHOULD NOT PANIC. *Romans 8:31 says:”What then shall we say to all these things? If God is for us, who can be against us?” *The above passage does not say that we will never have obstacles or opposition. It gives the people of God the assurance that once they have God’s back,…

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SAM NKIRE ON SUNDAY

GOD HAS BLESSED YOU; ONLY BELIEVE. *Joshua 24:13 says:”I have given you a land for which you did not labour and cities which you did not build and you dwell in them; you eat of the vineyards and olive groves which you did not plant.” *If you believe and trust God, know that all these,…

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Naira Extends Losing Streak, Slides Again Against Dollar.

From Seun Johnson Nigeria’s currency continued its downward trend against the United States dollar, marking a second straight week of depreciation across both official and parallel foreign exchange markets. Figures published on Friday by the Central Bank of Nigeria showed that the naira closed at ₦1,393.26 per dollar, weaker than the ₦1,387.45 recorded earlier in…

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