CBN announces new ATM transaction fees, takes effect March 1, 2025
The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs). In a circular signed by John Onojah, acting director of financial policy and regulation department, the CBN said the revised charges will take effect from March 1. The regulator said the move would address rising operational […]
CBN Pledges Youth-Friendly Credit Policies to Drive Innovation, Economic Growth
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Friday vowed to accelerate friendly credit policies and capacity-building programmes to empower Nigerian youths to foster economic growth and innovation. Speaking at the Youth Action event with the theme, ‘The Youths are Here’ in Abuja, the CBN governor said the Bank was […]
BREAKING: NNPCL Increases Petrol Pump Price Amid Hardship
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol, also known as Premium Motor Spirit, from N965 to N990 per litre in Abuja. The price adjustment took effect nationwide on Tuesday, with Lagos prices rising from N925 to N960 per litre. Visits to several filling stations confirmed the changes. While […]
Dangote Refinery Announces New Petrol Price
In response to a sustained increase in the price of Brent crude, the global benchmark, the Dangote Petroleum Refinery, has announced a new price list for its customers for Premium Motor Spirit (PMS), commonly referred to as petrol or fuel. In a statement reportedly disseminated via email on Friday, The PUNCH quoted Dangote Refinery to […]
Why Nigerian Governors Forum Backs Tax Reforms
Why Nigerian Governors Forum Backs Tax Reforms The Nigeria Governors’ Forum (NGF) has endorsed a revised Value Added Tax (VAT) sharing formula, which it believes will ensure equitable distribution of Nigeria’s resources. The details were disclosed in a communiqué issued on Thursday and signed by AbdulRahman AbdulRazaq, Chairman of the Nigeria Governors’ Forum and Governor […]
Inflation Hits 34.8% In Nigeria
Nigeria’s headline inflation rate soared to 34.80% in December 2024 from 34.60% in November 2024, the National Bureau of Statistics (NBS) disclosed this on Wednesday. The NBS attributed the rise to the December festive period increases in demand for goods and services. The agency stated that the December 2024 headline inflation rate showed a marginal […]
Tinubu Was Misled, Import Waiver Won’t Crash Food Prices — Buhari’s Ex-Aide
President Bola Tinubu has been faulted by Dolapo Bright, a former Special Adviser on Agriculture to ex-President Muhammadu Buhari. Bright said claims that import waiver would crash food prices is untrue. Bright claimed that Tinubu was misled by his advisers that the suspension of duties, tariffs, and taxes on the importation of food staples through […]
“POS is a scam” – Ycee calls for ban after losing over N2 to POS fraud
Nigerian rapper Ycee has called for the banning of Point of Sale (POS) machines in the country after recounting a distressing incident where he lost millions of naira in 2024. The rapper, whose real name is Oludemilade Martin Alejo, shared the details of the incident on his Instagram story. In the video, he explained that N2.7 million […]
Ibadan Residents Rejoice as OMITUNTUN BUS Announces Flat Fare of #300
As the New Year celebrations came to a close, residents of Ibadan were greeted with a pleasant surprise. Oyo State Pacesetter Transport Services, under the leadership of Hon. Dr. Oladeji Ibraheem Salami (DIKKO), announced the Omituntun 2025 New Year Bonus. This exciting offer allows commuters to travel anywhere within Ibadan on Omituntun buses for a […]
Loan App Sparks Outrage After Posting Photos Of 87 Debtors Online(Video)
A popular loan app has ignited controversy on social media by publicly posting photos of 87 debtors who allegedly failed to repay their loans. The incident came to light through a series of videos uploaded to TikTok, where the app shared the debtors’ pictures across three separate posts. Each video carried the caption: “Please settle your loans,” […]