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Newspaper Headlines: FG directs registration of 1.9m PoS operators

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
May 7, 2024 7:00 am

Reports on the clampdown on cryptocurrency trading platforms to strengthen the naira, and the 0.5 percent cybersecurity levy on electronic transfers, dominate the frontpages of Nigerian newspapers.

The Punch reports that the federal government is set to delist the naira from all peer-to-peer crypto platforms as the government steps up efforts to tackle exchange rate manipulators and dollar racketeers. The newspaper says Nigerians have rejected the reduction of the tariff payable by Band A customers from N225/kWh to N206.8/kWh. The newspaper also reports that the federal government has directed the registration of 1.9 million point of sale (PoS) operators. 
Daily Trust reports that the federal government said there is no plan to establish foreign military base in Nigeria. The newspaper says Yakubu Gowon, former head of state, said Nigeria would have been a better country if late former President Umaru Musa Yar’Adua had completed his tenure.
The Guardian reports that there are concerns over the whereabouts of President Bola Tinubu as Vice-President Kashim Shettima cancelled his planned trip to the US for a business summit due to a faulty aircraft. The newspaper says the Nigerian Electricity Regulatory Commission (NERC) has ordered the grid operator to cut back supplies to customers in other countries to boost domestic supply.
THISDAY reports that the presidency has criticised former Vice-President Atiku Abubakar for attacking Tinubu and Seyi, his son, over allegations that their business affiliations with the Chagoury Group constituted a conflict of interest. The newspaper says the Central Bank of Nigeria (CBN) has directed banks and other financial institutions to implement a 0.5 percent cybersecurity levy on electronic transfers.

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