Headlines
CBN launches Nigerian Domestic Card, AfriGo, bans dollar charges on domestic transactions
The Central Bank of Nigeria (CBN) has launched the Nigerian National Domestic Card Scheme, AfriGo, aimed at creating a more robust payment system that would drive financial inclusion in the country.
Launching the card virtually, this morning, the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, said that transaction charges on all cards would henceforth be paid in Naira, except for international transactions.
According to him, AfriGo would be cheaper and would be a matter of national pride, with potential to boost financial inclusion.
Emefiele said, “The National Domestic Card avails us the sovereignty of our data. Secondly, it comes at lower costs and thirdly, the issue of foreign exchange.
“At this time when foreign exchange challenges persist globally, it is important for me to say that we have come up with this card to ensure that all card online transactions will now effective immediately, begin to go on the Nigerian National Domestic System.
“At some point in the next few weeks, I am sure that the CBN will come up with the cut-off. All domestic card transactions that will be conducted in Nigeria will have to be through the Nigerian Domestic Cards.
“Your existing cards are fine. You can continue using them but given that charges by foreign cards are in dollars, we will no longer pay dollars for the charges on those cards.
“We will only pay dollars for charges on transactions that are done outside Nigeria. NIBSS, the CBN and Nigerian banks will work together to see how to segregate those transactions. To ensure that we pay fees or charges for international transactions that are conducted on both domestic cards, Visa or Master Cards, as they are known today.”
“We will bar domestic charges from the Nigerian foreign exchange market at some point in the very near future.”
The governor said that the introduction of AfriGo was not an attempt to discourage international investors’ operations in the Nigerian payments space but that it had become necessary owing to its obvious advantages.
He said, “This effort is not an attempt to prevent international service providers from continuing to provide services in Nigeria. Rather, it aimed at providing more options for domestic consumers, while also promoting the delivery of services in a more cost-effective and competitive manner.
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“The CBN is committed to a robust and safe payment system and welcomes innovations from domestic and foreign investors.
“The Nigerian market is vast and the current participants have done so in the last 12 years to transform the ecosystem. Yet there is much ground to cover as millions of Nigerians are still without cards to consummate transactions.
“I am convinced that the National Domestic Card scheme will make this a reality in the coming months. We can no longer neglect the vast majority of Nigerians.
Headlines
Katsina State Govt. earmarks N5bn for affordable housing
The Katsina State Government, has earmarked N5 billion for the construction of affordable housing units for residents of the state.
The General Manager, Katsina State Housing Authority, Mr Aliyu Rabiu-Kurfi, made the disclosure in an interview with the News Agency of Nigeria (NAN), on Tuesday in Katsina.
Rabiu-Kurfi expalined that N2.5 billion, would be utilised by the government to construct 100 housing units in the state capital.
He said that the other part might be spent on fencing and site clearance of another land to be procured in Abuja, adding that a final decision had not been reached on that.
“A decision is not yet reached, the government might clear the land, put in place all required infrastructure and make provision for individuals to come and build their own houses, both private individuals and developers.
“So, our governor has good plan for housing sector in the state, beginning from this year.
“The governor has already designed a policy tagged ‘Katsina State Housing Policy, 2024’, to serve as foundation and cornerstone for all programmes in the sector,” he said.
He general manager also revealed that the successive state governments had so far constructed 1,848 housing units since the creation of the state in 1987 to date.
“The state has always been blessed with governors who have been patriotic in establishing housing estates.
”These housing estates have been established in Batagarawa, Kofar Marusa, Ahmadu Coomassie, Goruba, all in Katsina district.
”Some were also built in Dutsin-ma, Kankia, Daura, Mani, Funtua and Malumfashi, Barhim, Sarki Abdulrahman, Fatima Shema, Ahmadu Bello Sardauna, Federal Teaching Hospital, Katsina, and one in Abuja,” he said.
Rabiu-Kurfi disclosed that while some of the houses were allocated to civil servants, others were allocated to private individuals.
He however said that those allocated houses still had about N2 billion yet to be paid to the state government.
Headlines
NDLEA arrest man, 75, with illicit substances in Kano
The National Drug Law Enforcement Agency (NDLEA), Kano State Command, has arrested a 75-year-old man, Nuhu Baba, for allegedly selling illicit substances for over two years to youths in the state.
The command’s Public Relations Officer (PRO), Mr Sadiq Muhammad-Maigatari, disclosed this in a statement made available to the News Agency of Nigeria (NAN) on Tuesday in Kano.
Muhammad-Maigatari said the suspect, upon investigation, confessed he was engaged in the illicit trade in his community Tumbau Village, Gezawa Local Government Area, as a means of sustainance.
“Baba’s case underscores the alarming reality of drug trafficking and abuse, which affects individuals across all demographics, including the elderly.
“This incident serves as a stark reminder of the pervasive nature of substance abuse within communities.” he added.
The PRO said that the command successfully recovered various illicit substances such as Tramadol, Cannabis Sativa, Diazepam, Exol-5, and Rubber Solution.
According to him, the State Commander of the agency, Mr Abubakar Idris-Ahmad, has reaffirmed the agency’s commitment to combating drug abuse and trafficking in the state.
He emphasised the importance of community involvement in the fight against drug trafficking and urged the general public to remain vigilant and report any suspicious activities related to drug trafficking.
Headlines
Police begin enforcement of third-party insurance in Jigawa
The Police Command in Jigawa says it has begun the enforcement of the Third-Party Motor Insurance Policy across the state.
The Command’s Spokesperson, SP Lawan Shiisu, made this known in a statement made available to newsmen in Dutse on Tuesday.
Shiisu said the enforcement aligned with the directive of the Inspector-General of Police, Dr Kayode Egbetokun.
The spokesperson, therefore, advised vehicle owners to have valid third-party insurance “to avoid any embarrassment”.
“In accordance with section 68 of the Insurance Act 2003, the Jigawa Police Command initiated the implementation of third-party vehicle insurance on Feb.1, 2025, across the 27 local government areas of the state.
“This is in compliance with the directive issued by the Inspector-General of Police, Dr Kayode Egbetokun, to all state police commissioners,” he said.
Shiisu added that the state Commissioner of Police, Mr Ahmadu Abdullahi, called on motorists to obtain a valid third-party insurance policy from only licensed insurance entities authorised by the National Insurance Commission.
“Abdullahi emphasised the policy’s importance and noted that in the event of an accident, it is easy to facilitate safety of innocent third parties and ensure financial recovery/compensation for damages, injuries or loss of life.
“The commissioner also warned officers involved in this national assignment to maintain a high level of professionalism, respect human rights, be civil but firm and avoid extortion.
“He also warned that any errant officer found wanting will face disciplinary actions,
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