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Economy

N-power: NASIMS Commences Payment Of October Stipends

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N-power: NASIMS Commences Payment Of October Stipends

The National Social Investment Management System (NASIMS) has commenced the payment of October 2021 stipends for N-power batch c beneficiaries.

This development came after the N-power management has resolved most of the challenges beneficiaries of the programme were facing.

Not only the October 2021 stipends have been disbursed. Beneficiaries who have not gotten their September stipends have also started getting paid.

In a statement in which this development was disclosed, NASIMS apologised to the N-power beneficiaries for the inconvenience.

The statement read: “Dear N’Power Batch C1 Beneficiaries, Payment Of September And October Stipend 2021 Resumes.

The long-awaited outstanding September and October stipends that were temporarily on hold due to some challenges has just resumed, all accounts that have been on the process will soon be credited.

We sincerely appreciate your patience throughout the moment payment has been processed.

“Be rest assured all outstanding will be cleared as November and December payment will soon commence.

Thank you once again for your patience.

Why NASIMS delayed October payment of N-power beneficiaries’ stipends

As previously reported on Newsrand, NASIMS blamed the delay on technical glitches, which affected thousands of beneficiaries.

In our quest to ensure Beneficiaries are paid at once, we adopted Bulk payment approach which was PARTIALLY SUCCESSFUL resulting to some accounts getting credited and some not, due to network instability.

As a result, October payments were paused to get the challenge sorted out. Payment for the said month to all concerned shall RECOMMENCE at the shortest possible time. Please bear with us”, a statement from NASIMS quoted Sadiya Umar Farouk, the Minister for Humanitarian Affairs, Disaster Management, and Social Development, as explaining.

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Economy

Dollar To Naira Exchange Rate Today (Tue, Jan. 18, 2022)

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Dollar To Naira Exchange Rate Today (Tue, Jan. 18, 2022)

Dollar to naira, on Tuesday, January 18, 2022, opened at (undisclosed) at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade.

According to the data at the FMDQ Security Exchange where forex is traded officially, dollar to naira exchange rate stood at (undisclosed).

This would mean that the Nigerian currency either gained or lose against the United States dollar, as foreign exchange (forex) trading closed at N414.5 per $1 on Monday, January 17.

How much is dollar to naira at the black market today?

Going by sources at the Bureau De Change (BDC) in Lagos, dollar to naira was bought for N567 and sold for N570 in the black market in the state.

It is however pertinent to note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in forex to approach their respective banks.

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Economy

Dollar To Naira Exchange Rate Today (Monday, Jan. 17, 2022)

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Dollar To Naira Exchange Rate Today (Monday, Jan. 17, 2022)

Dollar to naira, on Monday, January 17, 2022, opened at N414.5 at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade.

According to the data at the FMDQ Security Exchange where forex is traded officially, dollar to naira exchange rate stood at (undisclosed).

This would mean that the Nigerian currency gained against the United States dollar, as foreign exchange (forex) trading closed at N414.283 per $1 on Friday, January 14.

How much is dollar to naira at the black market today?

Going by sources at the Bureau De Change (BDC) in Lagos, dollar to naira was bought for N567 and sold for N570 in the black market in the state.

It is however pertinent to note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in forex to approach their respective banks.

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Economy

IPPIS Loan Application Form Link For Nigerian Civil Servants

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IPPIS Loan Application Form Link For Nigerian Civil Servants

Although the Integrated Payroll and Personnel information system (IPPIS) might have been conceptualised in 2016, the usage continues to gain rise among Nigerian civil servants.

Wondering what the system was designed to do? It’s not that difficult to use, as it is a centralised payroll platform that President Muhammadu Buhari floated to help his administration plan and manage the payments of the government’s workers.

With IPPIS, the government is sure that there is no loophole in the disbursement of pays.

Interestingly, aside from the fact that IPPIS is used for paying workers, civil servants can also take advantage of it to process non-interest loans.

With a number exclusively designed for you, IPPIS Loan can get directly deposited to your bank account in a simple step.

Who is qualified for IPPIS loan?

While the IIPPIS loan is available for any civil servants of any grade/level, Newsrand understands that only employees of government ministries, departments, or agencies, can take advantage of it.

Do you want to take 2022/2023 IPPIS Loan Registration Form? If Yes, you need the following:

  • Applicant must have IPPIS number
  • Applicant must have Civil Servant Salary Payslip
  • Applicant must have Bank statement of account
  • Applicant must have Employment / Confirmation / Deployment Letter (Any of the following)
  • Applicant must provide Bank Verification Number (BVN)
  • Applicant must provide Valid National

What is the maximum IPPIS loan one can get?

The maximum IPPIS loan that one can get is 70% of one’s net salary, which is believed would enable one to maintain a trust flow and ensure that one pays back before the due dates.

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