Author: bibncollar

The Central Bank of Nigeria (CBN) has announced a revision of automated teller machine (ATM) transaction fees, set to take effect from March 1, 2025. In a circular signed by John Onojah, Acting Director of the Financial Policy and Regulation Department, the CBN stated that the adjustment aims to address rising operational costs and improve efficiency in the banking sector. On-site ATMs (ATMs located within a bank’s premises): N100 fee per N20,000 withdrawal. Off-site ATMs (ATMs outside bank premises): N100 fee + a surcharge of up to N500 per N20,000 withdrawal. On-Us Transactions (customers withdrawing from their bank’s ATM): No…

The People’s Democratic Party (PDP) has lost another member in the House of Representatives, as Amos Gwamna Magaji officially defected to the ruling All Progressives Congress (APC). Magaji, who represents Jaba/Zango Kataf Federal Constituency in Kaduna State, cited the unresolved crisis within the PDP—from the national to local levels—as the reason for his departure. Magaji is a two-term lawmaker and currently serves as: •Chairman of the House Committee on Health Care Services •Chairman of the Kaduna Caucus in the House of Representatives •Deputy Chairman of the Special Ad-hoc Committee on the Restructuring of Government Agencies and Commissions, which is reviewing…

The Opposition Coalition in the National Assembly has debunked claims of a Supreme Court judgment against Rivers State Governor, Siminalayi Fubara, dismissing the speculation as misleading. The coalition also reaffirmed that Hon. Oko Jumbo remains the legitimate Speaker of the Rivers State House of Assembly, contrary to reports suggesting otherwise. Addressing journalists in Abuja, Hon. Ikenga Imo Ugochinyere clarified that the Supreme Court ruling in question was actually in favor of Governor Fubara. He explained that the governor voluntarily withdrew his appeal regarding the 2024 budget, a decision that had no real impact since the budget had already been fully…

The Inspector General of Police (IGP), Kayode Egbetokun, has issued a strict warning to officers of the Nigeria Police Force against carrying assault rifles while dressed in civilian attire (mufti) and engaging in human rights violations. In a statement released on Monday, the Force Public Relations Officer (FPRO), ACP Olumuyiwa Adejobi, disclosed that the directive was given during a virtual meeting between the IGP and senior police officers at the Force Headquarters. Egbetokun expressed concern over the rising number of complaints received through the police’s official complaint channels regarding human rights abuses. He emphasized that such misconduct would no longer…

The Lagos State Government has signed a Memorandum of Understanding (MoU) with Summa Group, a globally recognized construction company, for the development and construction of the Lekki-Epe International Airport. Governor Babajide Sanwo-Olu announced the agreement on Saturday via his official X (formerly Twitter) account, describing the project as a game-changer that will enhance connectivity, boost economic growth, and attract global investments. “This groundbreaking initiative is an essential part of our vision to improve connectivity in Lagos, stimulate economic growth, and draw in global investments,” the governor stated. Sanwo-Olu further emphasized that the new airport would improve travel efficiency, create business…

The Lagos State House of Assembly has called on Governor Babajide Sanwo-Olu to expedite the implementation of the Light-Up Lagos project while also setting up a seven-member ad hoc committee to investigate the N24 billion initiative. The project, aimed at deploying street-lighting infrastructure across the state, has raised concerns over the continued darkness on many roads despite significant budget allocations. During a plenary session on Monday, Olumoh Saad (Ajeromi-Ifelodun Constituency 1) raised the issue under the Matter of Urgent Public Importance, highlighting the security risks and public safety concerns caused by non-functional streetlights. He urged the governor to accelerate the…

The Nigeria Labour Congress (NLC) has voiced concerns over the persistent absence of governors from their states, claiming many now reside permanently in Abuja, leaving their people to grapple with economic hardship. NLC President Joe Ajaero made this remark during what resembled a town hall meeting with workers at the NLC Secretariat in Lokoja, Kogi State. The NLC leadership visited Kogi to hand over and inaugurate 10 Compressed Natural Gas (CNG) buses, aimed at alleviating transportation difficulties for workers in the state. The interactive session was organized to allow workers to express their grievances and demands, which the NLC leadership…

The Inspector-General of Police, IGP Kayode Egbetokun, has ordered that, moving forward, no officer should be seen carrying assault weapons (rifles) while dressed in plain clothes. Additionally, he issued a firm warning to all personnel regarding serious violations of human rights, stressing the Force’s responsibility to safeguard these rights. During a virtual meeting held yesterday with senior police officials, Egbetokun expressed disapproval of such misconduct, citing numerous complaints received through the Force’s grievance channels. According to a statement from the Force Public Relations Officer, Mr. Muyiwa Adejobi, the meeting aimed to strengthen operational discipline and improve management within the Nigeria…

The outgoing President of the African Development Bank (AfDB), Akinwumi Adesina, has hinted at the possibility of contesting for Nigeria’s presidency in 2027, declaring that he is “available to serve” after his tenure at the bank. Adesina, a former Minister of Agriculture under ex-President Goodluck Jonathan, made this statement during an interview with Arise Television’’s Rufai Oseni. He affirmed his readiness to serve in any capacity, whether globally, in Africa, or in Nigeria, emphasizing his deep commitment to the country. When asked about his plans after leaving the AfDB and whether he would consider running for Nigeria’s presidency, Adesina reflected…

Bashir Ahmad, a former aide to ex-President Muhammadu Buhari, has criticized Nnamdi Kanu, the detained leader of the Indigenous People of Biafra (IPOB), over his courtroom conduct, labeling him arrogantly after a video surfaced showing him yelling at a lawyer. Reacting to the viral footage, Ahmad took to X (formerly Twitter) to express his disapproval, stating: “Nnamdi Kanu’s arrogance is on full display here. It seems he has no respect for others, especially his subordinates. Tapping a grown man aggressively like that and yelling at him – who does he think he is that no one should talk while he…