₦airaland Forum

The Minister of Finance and the Governor of the Central Bank of Nigeria (CBN) have secured approval from President Muhammadu Buhari to exempt key players in the financial services sector from COVID- 19 movement restrictions.

A statement jointly issued by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed and Central Bank governor, Godwin Emefiele on Monday appealed to President Buhari to enable the financial services sector particularly banks render skeletal services.

President Muhammadu Buhari, on Sunday in his nationwide broadcast, imposed a total lockdown restricting movements in Lagos, Ogun and Abuja.

Addressing Nigerians, the President said: “based on the advice of the Federal Ministry of Health and the NCDC, I am directing the cessation of all movements in Lagos and the FCT for an initial period of 14 days with effect from 11pm on Monday, 30th March 2020.

“This restriction will also apply to Ogun State due to its close proximity to Lagos and the high traffic between the two States.”

In a jointly issued statement Monday by the Minister of Finance, Budget and National Planning and CBN governor, entitled: ‘ Notice to affected stakeholders and general public regarding COVID-19 and restrictions in movement of persons”, they applauded and appreciated the appropriate and proactive restrictions in personal and vehicular movement imposed by President Muhammadu Buhari in his speech of Sunday 29 March 2020.

However, the minister and CBN governor noted: ” To ensure that Nigerians can still perform online transactions and use ATMs whilst observing these restrictions, we will like to inform the general public and all affected stakeholders that we have obtained exemptions from the President to allow very skeletal operations in the Financial System and Money Markets in order to keep the system in light operations during this time”.

They added: “All relevant staff of affected outfits and agencies should look out for further instructions from their immediate bosses”.

festacman:
If he doesn't want to speak for whatever reasons, what do you do? Force him. Come on bro, that's treason. Even the constitution doesn't force him to speak except to work to SOLVE problems for which he was elected.

festacman:
The pitiable thing is that some Nigerians have allowed their HATRED for Buhari to drive them to wish and pray that COVID-19 cases and deaths should escalate in Nigeria so that their hatred and poor rating of Buhari will be justified. Simply malevolent and they will be disappointed.

Let's face it, If God wasn't in control, COVID-19 cases in Nigeria could have been as worse as it is in Italy given that up till early March 2020, Nigerian businessmen were still going to and fro China.

Now, there is no doubt presidential address is politically correct and emotionally fashionable. However, it is meticulous planning and effective actions rather than mere inspirational words that solve problems. Yes, it could have been better if Pres. Buhari talked once in a while but if he chooses not to, he should continue to do the NEEDFUL, working effectively from background with state governors, NCDC and presidential response committee. Above all, he should stay safe and strong for the tasks ahead.

Former President,  Chief Olusegun Obasanjo on Friday, announced that his former residence at the Presidential Hilltop, Abeokuta, Ogun State be used as Isolation centre for victims of the dreaded Coronavirus disease.

Obasanjo said the 32-room facility has been handed over to the Ogun state government for immediate take over.

The Special Assistant Media, Kehinde Akinyemi who confirmed the development said that the former President was concerned about the pandemic "and I think those who can in one way or another assist in this situation should do so," he was quoted as having said.

The facility located off the Presidential Boulevard, Oke Sari, Abeokuta has each of the 32 rooms ensuite, with a standby generator. 

Kehinde Akinyemi 
Special Assistant Media
27:3:2020

lancee:
Next few days we go know how far if no AGM go hold .. Gtb / Uba .. Shareholders go wait till corona case comot
Most likely they may have to postpone them .. Watching

OloshoMan:
Corona humbles every religion. Now we can see how worthless all religions are. We are now closing down churches and mosques. In reality we need more hospitals

Mynd44:
https://www.nairaland.com/5742648/fg-reduce-petrol-price-n130

gloriousdawn:
I fear non-performing loan in banks book this year will increase.
The above fear may limit banks in meeting their profit target for 2020.

In my opinion, discounting year 2019 profit for the banks when projecting 2020 profit will be more realistic.

ahiboilandgas:
any thing can happen