News
Naira crisis: Queues gradually disappear as bank ATMs dispense cash

Long queues at commercial banks in Lagos have suddenly disappeared following the injection of more bank notes by the Central Bank of Nigeria (CBN) into commercial banks, the News Agency of Nigeria (NAN) report’s.
The apex bank had on Thursday confirmed the evacuation of bank notes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of the banknotes of various denominations.
The bank also directed all commercial banks to open for operations on Saturdays and Sundays.
The apex bank said that a substantial amount of money, in various denominations, had been received by the commercial banks for onward circulation to their respective customers.
The CBN had directed all banks to load their Automated Teller Machines (ATMs) as well as conduct physical operations in the banking halls through the weekends.
Meanwhile, a correspondent of NAN who monitored some of the banks in the metropolis to check compliance, reported that the long queues drastically reduced, not all bank ATMs dispensed and banks only paid customers who are account holders in their banks.
The banks visited along Ajao Estate Road in Oshodi –Isolo and Alimosho local government areas are Guarantee TrustHolding Company (GTCO), Keystone Bank, First City Monument Bank, Zenith Bank, Firstbank, United Bank for Africa, Globus bank, Polaris Bank and Union Bank.
NAN also reports that banks who paid their customers had limits to what they pay, which ranges from N5,000, N10,000 and N20,000.
Some banks paid N10,000 to their customers, N5,000 to non-customers and others only to bank customers.
An official at one of the banks which pays N20,000 to its customers, told NAN that for a customer to be paid the amount, the person must put his or her BVN down with a thumb print to ensure that they do not withdraw above the specified limit.
Mr Ayotunde Dayo, a transporter, who expressed joy that the long queues were gone, urged the apex bank to adequately supply banks with enough cash that could go round for everyone to access.
“This rationing of cash that banks are doing is not the best, when I heard that CBN had asked banks to begin to pay customers cash even on weekends, I was happy because the suffering of the people would reduce.
“But from the look of things, the sufferings will still continue because many banks only pay to their customers, if you are a non-customer, nothing for you.
“I use GTB but because I heard Zenith was paying I had to stop over to withdraw, but on getting here, I am told that I have no business being here because they only pay to their customers and it’s N5,000. This is not good,’’ he said.
Mrs Paulina Ikechukwu, a Secondary School Teacher, urged the apex bank to ensure enough cash was moved to commercial banks and accessible by everyone.
“The banks need to be faster because the masses are dying of hunger since the naira redesign came on board.
“The CBN should monitor the banks and ensure they comply; the typical Nigerian banks that I know would start well now and do something else in the coming days,’’ she said.
Mrs Balogun Shokunbi, a petty trader in Ajao Estate Market, however, blamed the scarcity of cash on Point of Sale (POS) operators, saying they connived with bank officials and security men to empty cash from Automated Teller Machines (ATMs).
She urged the apex bank to monitor them and ensure they did not go to the banks in the night to empty the cash in the ATMs.
“I sell in the market and I have friends who render POS services and they have told me how they get the money they use for their business.
“ One of them was even boasting of the money that she has made since the redesigned notes policy came up. I pray CBN will continue to pump in money to the banks so that we can all go back to our normal lives,’’ she said.
Credit: NAN
International News
Transfer: Real Madrid , Cucurella Reach Verbal Agreement
Chelsea reliable defender, Marc Cucurella may join Spanish giant, Real Madrid before the end of the current transfer window.if information from transfer journalist, Fabrizio Romano are anything to go by.
Romano In a latest transfer update, said Real Madrid has reached verbal agreement to sign Marc Cucurella from Chelsea.
“Verbal agreement in place between all parties, player too — he’s the left back wanted by Mourinho” the update read.
News
Hakimi, Vinicius Barred From Speaking Spanish At World Cup
FIFA has come under scrutiny after several high-profile players, including Achraf Hakimi and Vinicius Junior, were discouraged from speaking Spanish during media engagements at the 2026 FIFA World Cup in the United States.
The issue first surfaced ahead of Morocco’s Group C clash with Brazil when a Spanish-speaking journalist attempted to question Morocco captain Achraf Hakimi in Spanish.
Despite Hakimi, who grew up in Madrid and speaks the language fluently, indicating he was comfortable answering in Spanish, event officials reportedly insisted that questions be asked in English.
Hakimi attempted to reassure organizers that language would not be a barrier, but officials maintained that no Spanish translator was available for the session. A compromise was eventually reached, with the reporter asking the question in Spanish while Hakimi responded in English.
The controversy intensified during Brazil’s media session when Vinicius Junior was also interrupted while responding to a question in Spanish.
The Real Madrid forward, who is more comfortable speaking Portuguese or Spanish than English, was reportedly asked by organizers to switch languages.
Rather than continue in Spanish, Vinicius opted to answer in Portuguese before turning his attention back to Brazil’s World Cup preparations.
The incidents sparked widespread debate among journalists and fans, many of whom questioned why Spanish—a language spoken by millions across North America—was effectively restricted at a tournament being hosted largely in the United States.
According to Spanish media outlet El País, FIFA only provides Spanish-language translation services at World Cup press conferences involving Spanish-speaking nations such as Spain, Mexico, Argentina, Uruguay, Colombia, Ecuador, and Paraguay.
For all other teams, questions and answers are expected to be conducted either in English or the official language of the participating country.
The policy has generated criticism online, with many supporters arguing that multilingual communication should be encouraged at a global event like the World Cup.
The backlash was particularly strong in Vinicius’ case, as the Brazilian forward appeared visibly uncomfortable being asked to communicate in English.
The controversy overshadowed what was otherwise a highly anticipated encounter between Brazil and Morocco, which ended in a 1-1 draw.
With the issue now drawing international attention, FIFA may face increasing calls to review its media language guidelines as the tournament progresses.
News
It’s Illegal’…Falana’s Bombshell Indicts Govs, FG.
Human rights advocate, Femi Falana, has warned federal and state governments against negotiating with and rewarding terrorists.
According to Falana, the practice is illegal.
He stated this while delivering the keynote address at the Amnesty International Second Annual General Meeting in Abuja on June 13, 2026.
Falana claimed it is public knowledge officials of the Federal Government and some State Governments have been holding meetings and negotiating with terrorists and bandits, which has led to thousands of ‘repentant’ criminals being forgiven and given cash gifts of undisclosed sums of money.
Asserting that the “satanic Boko Haram sect and similar bodies have been proscribed” under the Terrorism (Prevention and Prohibition) Act, Falana insisted that “their members and allies shall be prosecuted and not pampered and forgiven by the Nigerian State.”
Highlighting the legal consequences, he quoted Section 22 of the Act, stating: “A person who knowingly—(a) arranges, manages, assists in arranging or managing, participates in a meeting or an activity, which in his knowledge is concerned or connected with an act of terrorism or terrorist group, (b) collects, or provides logistics, equipment, information, articles or facilities for a meeting or an activity, which in his knowledge is concerned or connected with an act of terrorism or terrorist group, or (c) attends a meeting, which in his knowledge is to support a proscribed entity or to further the objectives of a proscribed entity, commits an offence, and is liable on conviction to imprisonment for a term of at least 20 years.”
-
Health & Wellness10 months agoPresident Tinubu Directs Cut in Dialysis Cost from ₦50,000 to ₦12,000
-
News10 months agoPICTURE: In Lagos Couple Sentenced to 22½ Years for Cannabis Trafficking
-
Business3 months agoDangote Refinery Reduces Petrol Gantry Price To ₦1,200 Per Litre
-
Trending News10 months agoNELFUND Disburses ₦86bn To 449,000 Beneficiaries
-
International News2 months agoIndian Police Arrest Nigerian Over ₦290m Drug Haul
-
Business3 months agoAfter Plea Bargain, Court Discharges Stella Oduah of ₦2.5bn Fraud
-
Business2 years agoHeritage Bank Customers’ Path to Securing ₦5m Insured Funds: A Step-By-Step Guide by NDIC”
-
Business2 years ago
Dangote; We Did Not Fix ₦600/Litre Petrol Price
