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Alternative payment channels stabilises forex – CBN Gov, Cardoso

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Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso has noted that the emphasis on alternative payment channels in the country have really helped to reduce inflation and stabilise the foreign exchange market.

He said the apex bank is committed to fostering productivity, enhancing financial inclusion, and maintaining monetary and price stability.

Cardoso spoke in Calabar during an interaction with members of the public at a fair to educate the masses about the CBN services.

The fair was also encourage all to make use of the arrays of financial instruments and alternative payment systems for sustainable economic growth and the much-needed price and monetary stability.

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According to him, these efforts have already yielded positive results, as evidenced by the steady reduction in inflation and current stability in the foreign exchange market.

Represented by the assistant director of public communications, Mr Uche Tobias, Cardoso dwelt on imperatives of alternative payment channels and the need for all to secure their financial instruments.

He disclosed that the CBN has launched the non-resident BVN to connect Nigerians abroad with home banking facilities.

The Fair had as its theme, “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development”.

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Branch Controller of CBN in Cross River State, Mr Jibunoh Nwanneamaka, represented by head of research, Mr Jude Nwafor said this year’s edition of the CBN Fair is designed to foster trust and transparency, financial literacy, and inclusive engagement with all stakeholders.

“The CBN Fair is an effective platform for public enlightenment, where students, workers, bankers, traditional rulers, public servants, businesses, and communities gain firsthand insight into the policies, reforms, and innovations shaping Nigeria’s financial landscape.”

He explained that it was essential that every Nigerian understands and is carried along in all financial decisions that affect them.

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Oyedele mourns ex-Finance minister, Alhaji Abubakar Alhaji

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The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele; the Permanent Secretary, Finance, Mr. Raymond Omachi; the Permanent Secretary, Special Duties, Mr. Mohammed Sanusi Danjuma; and the management and staff of the Federal Ministry of Finance have received with deep sadness news of the passing of former Minister of Finance, Alhaji Abubakar Alhaj.

Describing his death as a great loss to the nation, Mr. Oyedele said the late elder statesman devoted his life to public service, distinguishing his career with integrity, discipline, and sound judgement, and leaving a lasting imprint on Nigeria’s economic management and national development.

Beyond his stewardship of the nation’s finances, Mr. Oyedele noted, Alhaji Abubakar Alhaji also served Nigeria with distinction as High Commissioner to the United Kingdom, and was held in high esteem in traditional leadership as the Sardaunan Sokoto, a record of service and leadership that earned him respect across the country.

Mr. Oyedele said his legacy extends well beyond the offices he held, describing him as a thoughtful leader whose experience, wisdom, and commitment to the public good continue to inspire generations of public servants long after he left active service. He added that the late former Minister played an important role in strengthening Nigeria’s public finance architecture and institutions, a legacy that will continue to resonate within the Federal Ministry of Finance and across the public service.

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The Honourable Minister extended his heartfelt condolences to the family of the deceased; the Governor and Government of Sokoto State; the Sultan of Sokoto, His Eminence Muhammadu Sa’ad Abubakar III; the Sultanate Council; and the people of Sokoto State.

He prayed that Almighty Allah forgives the shortcomings of the late Alhaji Abubakar Alhaji, grants him Aljannatul Firdaus, and grants his family and all who mourn him the strength and fortitude to bear this irreparable loss.

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Human Trafficking: Remi Tinubu calls for vigilance, support for survivors

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The First Lady, Oluremi Tinubu, on Thursday called on Nigerians to be more vigilant in the protection of vulnerable persons from human trafficking and traffickers.

Tinubu, in a statement she personally signed as part of the celebration of the “World Day Against Trafficking in Persons”, appealed to the global community to strengthen commitment to ending human trafficking in all its forms and protecting the dignity, freedom, and rights of every individual.

She noted that this year’s theme, “Trapped Behind the Scam,” draws attention to the growing threat of human trafficking.

Human trafficking now forms part of modern-day slavery, which is usually perpetrated through online scams, forced criminality, and transnational organised crime.

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According to her, the theme also highlights the need to increase public awareness, prevention, enforcement of our laws, and support for survivors.

“Let us remain vigilant, protect the vulnerable, and ensure that no one falls victim to exploitation. Through collective action, we can build a safer society where every person can live in freedom, dignity, and hope.

“We say “No” to human trafficking today”

Also as part of the International Day of Friendship, the First Lady also drew global attention to the power of friendship to unite people, strengthen communities, foster peace, understanding, and mutual respect.

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She noted that no matter how far technology advances, man was never created to be alone, adding that ” As we become more connected digitally, human isolation is increasing by the day. We are emotional beings, and we should never underestimate the power of genuine human connection.

“Friendship reminds us to be our brother’s keeper, to show kindness, and to reject unhealthy behaviours that divide us. A simple act of kindness can heal a broken heart and help in making our world a better place”.

She therefore charged Nigerians to ” Go out there, give someone a smile, reach out with compassion, and be a friend”.

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Oriire: Makinde sets up judicial panel to probe children, teachers’ abduction

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Governor Seyi Makinde of Oyo State has set up a Judicial Commission of Inquiry to investigate the abduction of pupils and teachers from Esinele and Yawota communities in Oriire Local Government Area.

Dotun Oyelade, the Commissioner for Information and Civic Orientation, made this known in a statement on Thursday in Ibadan.

Mr Oyelade said that the commission was expected to determine the circumstances surrounding the abduction and identify the factors that led to the security breach.

He said that the panel, which would be inaugurated on Friday, was also tasked with making recommendations to prevent a recurrence.

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“The commission will examine the events leading to the kidnapping, assess the response of relevant authorities, and recommend measures to improve security and safeguard schools and communities across the state,” Mr Oyelade said.

He further explained that the setting up of the panel was in line with the governor’s commitment to ensuring a thorough and independent investigation into the incident.

The abduction occurred on May 15, while the abducted pupils and teachers were rescued after 56 days in captivity.

(NAN)

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