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GTBank - Ogun State Principals Cup (Season 5) holds on Thursday 21st September 2017

GTBank - Ogun State Principals Cup (Season 5) holds on Thursday 21st September 2017

Lagos Nigeria – September, 2017. The 2017 edition of the GTBank-Ogun State Principals Cup will reach its climax on Thursday 21st September, 2017 in the famous MKO Abiola Stadium, Kuto, Abeokuta. The highly anticipated finals will thrill football lovers from across Ogun State and beyond as first-time finalists take on former champions. The curtain raiser for the day will be the finals in the female category between 2 time winners, Muslim High School, Isolu and Iko Gateway Grammar School, Idiroko. In the male category, Ipara Community Secondary School, Ipara will hope to spring an upset as they take on title favorites, Pakoto High School, Ayede-Ifo who won the trophy in 2015. The matches are bound to produce historic moments for two of the four schools as both jostle to win the trophy for the first time ever. The GTBank - Ogun State Principals Cup has been won by 5 schools since its inception.... Read More

Central Bank Reviews spending limit on Naira MasterCard

Lagos - April, 2015

As part of Central Bank of Nigeria’s (CBN) effort to check unrestrained usage of foreign currency in conducting business in Nigeria, the Central Bank of Nigeria has reviewed the foreign exchange spending limit on Naira automated teller machine (ATM) cards.

In line with the review, which takes immediate effect, users of such cards as the Naira MasterCard have been advised to limit their spending to only $50,000 per annum, from $150,000 previously.

Already the CBN has directed all the banks to advise their customers to ensure strict compliance as any violation would be met with stiff sanctions.

With the review, ATM card users cannot spend more than $50,000 in a year during their stay abroad or when shopping online at any foreign stores, ATMs and point of sale.

Similarly, the CBN has also reduced the daily cash withdrawal limit for ATM card users to a ceiling of $300.

Please see below the new limits for both spending using your Naira MasterCard and cash withdrawal abroad:

  Old Limit New Limit
FX Annual Spending Limit $150,000.00 $50,000.00
ATM Cash Withdrawal Limit $2,500.00 $300.00

 

Source: www.premiumtimesng.com

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