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		<title>Oyo Lists guidelines for students&#8217; resumption</title>
		<link>https://newsverge.com/2020/07/01/oyo-lists-guidelines-for-students-resumption/</link>
					<comments>https://newsverge.com/2020/07/01/oyo-lists-guidelines-for-students-resumption/#respond</comments>
		
		<dc:creator><![CDATA[Ibukun Emiola]]></dc:creator>
		<pubDate>Wed, 01 Jul 2020 14:24:47 +0000</pubDate>
				<category><![CDATA[EDUCATION]]></category>
		<category><![CDATA[guidelines]]></category>
		<category><![CDATA[oyo]]></category>
		<category><![CDATA[resumption]]></category>
		<category><![CDATA[school]]></category>
		<guid isPermaLink="false">https://newsverge.com/?p=84806</guid>

					<description><![CDATA[<p>Oyo State Government has announced various measures to prevent the spread of Coronavirus in schools, as students in primary and secondary schools in Oyo State are preparing to resume school on July 6. The State Commissioner for Education, Science and Technology, Mr Olasunkanmi Olaleye disclosed this in a statement on Wednesday in Ibadan. Olaleye said [&#8230;]</p>
<p>The post <a href="https://newsverge.com/2020/07/01/oyo-lists-guidelines-for-students-resumption/">Oyo Lists guidelines for students&#8217; resumption</a> appeared first on <a href="https://newsverge.com">NEWSVERGE</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong><em>Oyo State Government has announced various measures to prevent the spread of Coronavirus in schools, as students in primary and secondary schools in Oyo State are preparing to resume school on July 6.</strong></em></p>
<p><span id="more-84806"></span></p>
<p>The State Commissioner for Education, Science and Technology, Mr Olasunkanmi Olaleye disclosed this in a statement on Wednesday in Ibadan.</p>
<p>Olaleye said that various training had been given to categories of school heads, principals and teachers on how to monitor and report any sign of illness that showed symptoms of COVID-19 to the authority.</p>
<p>He said the State had set up Emergency Operation Centres (EOCs) in the State capital and at zonal levels and as well as appointed Incident Managers for each school who would report any emergency directly to the EOCs through special communication lines.</p>
<p>He went further to state that each class would have a Warder whose obligation was to relate with the Incident Managers on his or her observations.</p>
<p>“Among the measures are the compulsory hand-washing points at the school entrances and at the entrance of each classroom as well as alcohol-based sanitiser for the use of students and teachers.&#8221;</p>
<p>“Throughout last week, what we have been doing was to train school heads and teachers of public and private schools, preparing them for this task of taking firm control of preventing the spread of COVID-19 into our schools as we resume.&#8221;</p>
<p>“Each school has been mandated to strictly enforce social distancing and observe other protocols against COVID-19 among teachers and students as laid down by NCDC.&#8221;</p>
<p>“Students are to come to school with their face masks and follow instructions on the guidelines from the management, these are imperative since the government cannot lock down forever and education is an aspect of life that should not be allowed to suffer backwardness.&#8221;</p>
<p>“I can boldly tell you that with these measures in place, the children are safer with us in school than even many homes, imagine situations whereby students are asked to go to private lessons that provide no safety measure.&#8221;</p>
<p>“Many follow their parents to the market and workplaces where the possibility of contracting the virus is high, so they are rather better kept at school than home,” he said.</p>
<p>It was reported that teachers of public schools in the state should resume on June 29 in preparation for students resumption by July 6.</p>
<p>The post <a href="https://newsverge.com/2020/07/01/oyo-lists-guidelines-for-students-resumption/">Oyo Lists guidelines for students&#8217; resumption</a> appeared first on <a href="https://newsverge.com">NEWSVERGE</a>.</p>
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		<title>CBN reviews bank guidelines, slashes charges</title>
		<link>https://newsverge.com/2019/12/23/cbn-reviews-bank-guidelines-slashes-charges/</link>
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		<dc:creator><![CDATA[NEWSVERGE]]></dc:creator>
		<pubDate>Sun, 22 Dec 2019 23:31:17 +0000</pubDate>
				<category><![CDATA[BUSINESS]]></category>
		<category><![CDATA[Headline]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[CBN]]></category>
		<category><![CDATA[charges]]></category>
		<category><![CDATA[guidelines]]></category>
		<category><![CDATA[slash]]></category>
		<guid isPermaLink="false">https://newsverge.com/?p=75121</guid>

					<description><![CDATA[<p>The Central Bank of Nigeria (CBN), has reviewed downward charges and fees for banking services. This is contained in the new guidelines for banks, other financial, and non-bank financial institutions released by the apex bank on Sunday in Abuja. According to Mr Isaac Okorafor, the bank’s Director, Corporate Communications Department, the guidelines will take effect [&#8230;]</p>
<p>The post <a href="https://newsverge.com/2019/12/23/cbn-reviews-bank-guidelines-slashes-charges/">CBN reviews bank guidelines, slashes charges</a> appeared first on <a href="https://newsverge.com">NEWSVERGE</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The Central Bank of Nigeria (CBN), has reviewed downward charges and fees for banking services.</p>
<p><span id="more-75121"></span></p>
<p>This is contained in the new guidelines for banks, other financial, and non-bank financial institutions released by the apex bank on Sunday in Abuja.</p>
<p>According to Mr Isaac Okorafor, the bank’s Director, Corporate Communications Department, the guidelines will take effect from Jan. 1, 2020.</p>
<p>Okorafor, while briefing newsmen said the step was in furtherance of the bank’s quest to make financial services more accessible and affordable to various stakeholders in the economy.</p>
<p>He explained that some major highlights of the new guidelines included the removal of Card Maintenance Fee (CAMF) on all cards linked to current accounts.</p>
<p>He said there would be a maximum of one Naira per mille for customer induced debit transactions to third parties and transfers or lodgments to the customers’ account in other banks on current accounts only.</p>
<p>Okorafor explained that it all involves reduction in the amount payable for cash withdrawals from other banks’ Automated Teller Machines as Remote-on-Us transactions.</p>
<p>The director said the reduction was from N65 to N35 after the third withdrawal within one month.</p>
<p>According to him, other reductions include Advance Payment Guarantee (APG), now pegged at maximum of one per cent of the APG value in the first year and 0.5 per cent for subsequent years on contingent liabilities.</p>
<p>On debit card charges, Okorafor said that the new guide stipulated that a one-off charge of N1,000 applied to the issuance of cards, irrespective of card type regular or premium.</p>
<p>He noted that the same one-off charge of N1,000 applied for the replacement of debit cards at the customer’s instance for lost or damaged cards.</p>
<p>According to Okorafor, upon expiry of existing cards, customers are to pay the same one-off charge of N1,000 irrespective of card type and no charge should be required for pre-paid card loading or unloading.</p>
<p>He explained that the current NIBSS Instant Payments (NIP) charges applied to use of Unstructured Supplementary Service Data (USSD), purchase with cash-back would attract a charge of N100 per N20,000 subject to cumulative N60,000 daily withdrawal.</p>
<p>The CBN spokesman noted that for cards linked to savings account, the maintenance fee had been reduced to a maximum of N50 per quarter from N50 per month amounting to only N200 per annum instead of N600.</p>
<p>The director hinted that there would be no more charges for reactivation or closure of accounts such as savings, current and domiciliary accounts while status enquiry at the request of the customer like confirmation letter, letter of non-indebtedness and reference letter would now attract a fee of N500 per request.</p>
<p>“On Current Account Maintenance Fee (CAMF), the guide expressly stated that this would be applicable only to current accounts in respect of customer-induced debit transactions to third parties and debit transfers and lodgments to the customer’s account in another bank.</p>
<p>“It emphasised that CAMF is not applicable to Savings Accounts.</p>
<p>“CBN carried out the review of the guide, which also prescribes charges permissible for Other Financial Institutions and non-bank financial institutions, in order to align with market developments.</p>
<p>“To guard against excess, unapproved or arbitrary charges by banks and other financial institutions, the guide stipulates a penalty of N2,000,000 per infraction or as may be determined by the CBN from time to time for financial institutions that breach any provision of the guide.</p>
<p>“The guide also emphasised that failure by any bank to comply with CBN’s directive in respect of any infraction shall attract a further penalty of N2,000,000 daily until the directive is complied with or as may be determined by the CBN from time to time.”</p>
<p>He said that the CBN, has directed banks to log every complaint received from their customers into the Consumer Complaints Management System (CCMS) in addition to generating a unique reference code for each complaint lodged, which must be given to the customer.</p>
<p>According to him, failure to log and provide the code to the customer will amount to a breach and is sanctionable with a penalty of N1,000,000 per breach.</p>
<p>The post <a href="https://newsverge.com/2019/12/23/cbn-reviews-bank-guidelines-slashes-charges/">CBN reviews bank guidelines, slashes charges</a> appeared first on <a href="https://newsverge.com">NEWSVERGE</a>.</p>
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