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CBN reviews ATM transaction fees, removes free monthly withdrawal fee from other banks ATM
The Central Bank of Nigeria has announced new Automated Tella Machine( ATM), removed three free monthly withdrawals allowed in other banks’ ATM. The Apex bank, revealed in a circular signed by it Ag. Director, Financial Policy and Regulation Department, John Onojah, that imposed a withdrawal fee of between N100 and…
Read More »UNICEF worries over rising polio cases in Kano
The United Nations Children’s Fund (UNICEF) has raised serious concerns over the escalating polio crisis in Kano State, warning that the region now has the highest number of unvaccinated children in Nigeria. During an orientation session for 44 Local Government Area (LGA) chairmen and district heads, UNICEF’s Kano Chief of…
Read More »Tension in Court as Nnamdi Kanu Accuses Judge of Bias, Judiciary of Corruption
A dramatic scene unfolded at the Federal High Court in Abuja on Monday as Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), openly accused Justice Binta Nyako of bias and alleged corruption within the judiciary. Kanu, expressing frustration over the handling of his case, claimed the judge was…
Read More »PETROAN urges NUPRC to sanction anyone that divert crude oil designated for domestic refineries
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the Federal Government for placing a ban on the exportation of crude oil allocated to local refineries and urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to take swift action against refineries, cargo vessels and companies that would…
Read More »CBN Restricts BDCs to purchase forex from a single authorised dealer for $25,000 weekly
The Central Bank of Nigeria (CBN) has issued new guidelines restricting Bureau de Change (BDC) operators to purchasing foreign exchange of a minimum of $25,000 from a single authorised dealer per week. The bank also directed the BDCs to comply with Know Your Customer (KYC) measures. The apex bank, in…
Read More »Trade Liberalisation Scheme: A Catalyst For Africa’s Prosperity
According to Article 3 of the Revised ECOWAS Treaty, one of the main objectives of ECOWAS is to promote the economic integration of the region by establishing, among other things, a Free Trade Area. The instrument created for this purpose is the ECOWAS Trade Liberalisation Scheme (ETLS). The ETLS is…
Read More »FG Begins Tolling on Abuja-Makurdi Highway, Exempts Security and Diplomatic Vehicles
The Federal Government of Nigeria on Tuesday commenced tolling on the 227.2km Abuja-Keffi-Akwanga-Lafia-Makurdi Highway with the inauguration of the Garaku Toll Plaza. However, certain categories of vehicles, security vehicles, diplomatic cars, ambulances, and tricycles are exempted from the charges. The road is a Public Private Partnership (PPP) project under the…
Read More »INEC Urges CSOs to Tackle Delegate-Buying in Party Primaries
The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has called on Civil Society Organizations (CSOs) to actively monitor political party primaries, with a focus on the growing issue of delegate-buying by aspirants. Speaking at the first regular consultative meeting with CSOs on Tuesday in Abuja, Prof.…
Read More »Tinubu’s Aide Urges El-Rufai, Amaechi, and Other Critics to Refrain from Heating Up the Polity
The Special Adviser to the President on Media and Public Communication, Mr. Sunday Dare, has called on President Bola Tinubu’s political opponents to avoid actions that could incite division and destabilize the nation. Speaking on Monday, Dare criticized the wave of negative rhetoric directed at the president, particularly during his…
Read More »CBN extends forex sale period to Bureau de Changes by four months
The Central Bank of Nigeria (CBN) has extended the Foreign Exchange (FX) sale period to Bureau de Change (BDC) operators from January 31 until May 30. This aims to better serve retail market demands. The bank disclosed this in a circular, signed by Dr W. J. Kanya, Acting Director of…
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