Wager Mage
Wager Mage
Photo: Ulises Peña
Ahead of the release of the newly redesigned Naira notes, the Central Bank of Nigeria (CBN) has made good its warning that it will greatly restrict the use of cash in the Nigerian economy going forward as it placed a N20,000 daily withdrawal limit on individual accounts and N50,000 limit on over the counter third party ... 1 day ago
Two of the most common choices are software-defined WAN (SD-WAN) and Secure Access Service Edge (SASE). SD-WAN is designed to be a more efficient...
Read More »
Clear communication, respect, and honesty can go a long way in helping them open up and reveal their innermost desires or insecurities. While you...
Read More »Ahead of the release of the newly redesigned Naira notes, the Central Bank of Nigeria (CBN) has made good its warning that it will greatly restrict the use of cash in the Nigerian economy going forward as it placed a N20,000 daily withdrawal limit on individual accounts and N50,000 limit on over the counter third party cheques. CBN governor, Godwin Emefiele, had prior to announcing the redesigning of the naira mentioned plans to ensure that the Nigeran economy goes 100 per cent cashless. In canvassing for the redesigning of the N200, N500 and N1,000 notes, he had also mentioned that the higher denominated notes will be used as only a store of value as only more of the lower notes will be in circulation. True to this, the apex bank in a circular dated December 6, 2022 and signed by the CBN Director, Banking Supervision, Haruna Mustafa, stated that effective January 9, 2023, only N200 notes and below will be loaded by banks into their Automated Teller Machines (ATMs). According to the circular, which was issued to all deposit money banks, payment service banks, microfinance banks and primary mortgage banks in the country, individuals and corporate organisations withdrawal limits are not to exceed N100,000 and N500,000 per week. Withdrawals above these limits, the circular stated, will attract processing fees of five per cent for individuals and 10 per cent for corporate organizations. “Third party cheques above N50,000 shall not be eligible for payment over the counter, while extant limits of N10,000,000 on clearing cheques still subsist,” it said. The circular also stated that the maximum cash withdrawal per week via ATM shall be N100,000 subject to a maximum of N20,000 cash withdrawal per day as “only denominations of N200 and below shall be loaded into the ATMs. likewise, the maximum cash withdrawal via point of sale (PoS) terminal was fixed at N20,000 daily. “In compelling circumstances, not exceeding once a month, where cash withdrawals above the prescribed limits is required for legitimate purposes, such cash withdrawals shall not exceed N5,000,000.00 and N10,000,000.00 for individuals and corporate organizations, respectively, and shall be subject to the referenced processing fees in (1) above, in addition to enhanced due diligence and further information requirements.” To be eligible for the special withdrawals above the stipulated limit, the CBN said individuals and corporate organizations will have to upload on a CBN portal created for the purpose valid means of identification of the payee such as National ID, International Passport, Driver’s License, Bank Verification Number (BVN) of the payee.
They protect lottery winnings and investments because the assets legally do not belong to you, and they benefit your family, as they are not...
Read More »
On a standard one-game bet at -110 odds, the house has an edge of 4.5%. On a six-point teaser with three games, the house edge is more than 20%....
Read More »At a gallop, a horse can run at an average speed of 55km per hour. The fastest recorded gallop is 89km per hour. Running at such speeds requires a lot of energy and as such a horse can only maintain these speeds for a short period of time and will vary greatly based on the fitness levels of the horse.
How Far And For How Long Can A Horse Run? 7 Things You Need To Know. Horses are incredible animals with whom for centuries man has cultivated an unbreakable bond. While “man’s best friend” is most commonly a dog, a noble steed is arguably just as strong a friendship. Horses have been bred and evolved over the years because of their ability to work well with us. An undeniable team effort and partnership is formed between horse and horsemen, with countless achievements having been, and continue to be made across the world because of this teamwork and companionship. Much of this success is based on the great endurance horses have and their ability to maintain speed over great distances. To understand how far a horse can run, we first need to understand the different gaits that a horse has; A horse has four distinct gaits. The running gaits are galloping, cantering and trotting, with galloping being the fastest of the four gaits, and trotting being the slowest. The final gait is walking. There is a direct relation between how fast a horse can run and how far it can run. Obviously the faster a horse runs, the less distance it can travel because of the high energy exerted. At a walk, and with a few water breaks, a horse can travel far distances.
The person dealing with the estate of the person who has died is called an executor or an administrator. An executor is someone who is named in the...
Read More »
A number of clubs in countries across the world have been subject to match fixing, including Australia, China, and Spain. The South African...
Read More »
Two-bet – The first raise in a sequence. Three-bet – The first re-raise in a sequence. Dec 11, 2018
Read More »
The A-10 was not built to dogfight The Air Force's jets simply couldn't fly slowly enough to spot targets in dense jungle, didn't have the fuel to...
Read More »
Promotion
Promotion
Promotion