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Newspaper Headlines: POS operators, firms, customers kick against cash withdrawal limits

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
December 7, 2022 7:06 am

The new policy of the Central Bank of Nigeria (CBN) to limit cash withdrawals, effective from January 9, 2023 dominated the cover pages of Nigerian newspapers.

The Punch reports that customers and companies are in panic mode over the decision to impose cash withdrawal limits on individuals and organisations. The newspaper says Nigerians living in the United Kingdom and other foreign countries have dragged the Independent National Electoral Commission (INEC) to court to enforce their “fundamental rights” to vote in the 2023 polls.
The Nation says Bola Tinubu, presidential candidate of the All Progressives Congress (APC), said verbal attacks are being targeted at him because he is a candidate to beat in 2023 polls. The newspaper reports that the federal government is seeking the financial support of the United Nations (UN) to conduct the 2023 population census.
Daily Trust says the senate is considering a bill to amend the Federal Inland Revenue Service (FIRS) Act to regulate the process of granting corporate tax holidays and import duty waivers to investors and businesses in Nigeria. The newspaper reports that gunmen have abducted eight persons at Anguwar Hausawa in Kwakwu community in Kuje area council of the federal capital territory (FCT).
THISDAY says the CBN’s decision to set new cash withdrawal limits is an apparent move to tackle vote-buying during the 2023 polls and control the amount of cash in circulation. The newspaper reports that Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), said the appearance of Tinubu at the Chatham House can only be compared with a comedian’s visit.
The Guardian reports that the World Bank has warned that Nigeria’s debt service cost-to-revenue ratio could hit 160 percent in five years. The newspaper says loyalists of Rauf Aregbesola, minister of interior, have called for reconciliation of aggrieved stakeholders in the Osun APC.

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