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PRESIDENT TINUBU ESTABLISHES TASK FORCE ON EBOLA; APPROVES N10B FOR EMERGENCY PREPAREDNESS

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  President Bola Ahmed Tinubu has approved the establishment of the Presidential Task Force on Ebola Virus Disease Preparedness and Emerging Public Health Threats. To anchor this aggressive national response, the President has ordered the immediate release of ₦10 billion in emergency intervention funding. The announcement, disclosed in a statement  by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, comes amid growing regional anxiety. A rapid resurgence of the Ebola Virus Disease specifically the Bundibugyo ebolavirus strain has been recorded in the Democratic Republic of Congo (DRC) and neighboring Uganda, triggering immediate cross-border transmission fears across West Africa. Fortifying the NCDC and Border Health Infrastructure The newly approved ₦10 billion emergency fund is structured to directly bolster the operational readiness of the Nigeria Centre for Disease Control and Prevention (NCDC). According to the presidency, the capital inject...

Payment processors threaten Verve suspension as Interswitch alleges untraceable transactions

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  The coalition of licensed payment processors, acquirers, and Point of Sale (POS) operators in Nigeria have threatened a total suspension of Verve  card transactions. The ultimatum, which threatens to disrupt millions of daily consumer transactions, centers on allegations of illegal exclusivity practices, monopolistic overreach, and systemic non-compliance by Verve International and its parent company, Interswitch Limited. The coalition, operating under the umbrella of the Association of Point of Sale Service Providers, detailed their grievances in an official protest letter addressed to the financial and competition regulators. The service providers are demanding immediate, decisive intervention from both the Central Bank of Nigeria (CBN) and the Federal Competition and Consumer Protection Commission (FCCPC). According to a statement signed by the association’s Communications Consultant, Yomi Idowu, the payment infrastructure players claim they have been forced into an unsus...