Nigeria, which contributes three percent of the world’s oil production, aspires to be among the world’s 20 richest countries come 2020. While one would think the country plans to invest massively in its oil industry to achieve this feat, the government thinks otherwise and instead plans to invest in the solid mineral sector to spur economic growth and realize its 2020 aspirations.

The Central Bank of Nigeria, CBN disclosed recently that the desire of the Federal Government to earn more volume of naira is responsible for the falling value of the currency saying it is difficult to justify exchange rate depreciation where prices were high and the country was an import- dependent economy.

A major challenge before the Central Bank of Nigeria (CBN) and the 16 mobile payment licensees is how to prevent the use of mobile payment services for criminal activities. This however requires an acceptable standard of verifying the identity of mobile payment users so as to ensure adherence to the Know Your Customer (KYC) requirement.

NCR Nigeria Plc has introduced a number of cutting edge security and dispute management solutions for Automated Teller Machines (ATM) that will enable banks in the country meet up with the Central Bank of Nigeria’s guidelines for ATM.

The Central Bank of Nigeria (CBN) is considering imposing limits and charges on cash lodgements as part of measures to discourage use of cash for transactions.

GENERAL Overseer of the Redeemed Christian Church of God, RCCG, Pastor Enoch Adeboye and the National President of the Christian Association of Nigeria, CAN, Pastor Ayo Oritsejafor, yesterday, urged Nigerians not to be discouraged by the postponement of the National Assembly election by going out en masse to cast their votes whenever the umpire body was ready to conduct a free and fair poll.

Wife of former governor of Ebonyi State, Mrs. Eunice Egwu, stated weekend that Governor Martin Elechi must not return to office to continue the mayhem he had inflicted on relevant institutions in the state.

A Pastor and a politician said to be a chieftain of the People’s Democratic Party, PDP, were severely beaten up by angry youths in Igbo-Eze South Local Government Area of Enugu State on Saturday for allegedly aiding the smuggling of electoral materials meant for the botched National Assembly election from Ibagwa-Aka police station.

THE Anti-Kidnapping Task Force of the Delta Waterways Security Committee, DWSC, in Warri, Delta State, has rescued one Mr. Adoghe, who was kidnapped from his Effurun residence by gunmen. The committee also arrested two of the suspected kidnappers.

The Joint Task force, JTF, in the Niger Delta, code-named Operation Restore Hope, yesterday, confirmed that its troops in the region, weekend, shot dead one person during an exchange of fire at Ekeremor in Bayelsa State.