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Newspaper Headlines: Senate proposes foreign currency ban for local transactions

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
December 18, 2024 7:00 am

Data released by the National Bureau of Statistics (NBS) on the worsening insecurity in the country suffuses the frontpages of the dailies.

The Punch reports Chukwuma Soludo, governor of Anambra, as saying that he doubts if the release of Nnamdi Kanu, detained leader of the Indigenous Peoples of Biafra (IPOB), would end the insecurity in the south-east. The senate has passed for first reading a bill seeking to ban the use of foreign currencies for payments and transactions within Nigeria.
Vanguard reports that Nigerians paid over N2.23 trillion as ransom to kidnappers between May 2023 and April 2024. The Peoples Democratic Party (PDP) has kicked against the decision of the Edo state house of assembly to suspend LGA chairpersons and vice-chairpersons for two months.
THISDAY reports the NBS as stating that over 51,887,032 crime incidents were experienced by households nationally between May 2023 and April 2024. The newspaper says the senate has passed a bill seeking to increase the capital base of risk-based insurance companies.
According to the NBS, 614,937 Nigerians were killed and 2,235,954 others kidnapped across the country between May 2023 and April 2024, Daily Trust reports. The newspaper says commercial banks have limited cash withdrawals on automated teller machines (ATMs) to N20,000 for multiple account holders.

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