Tag: 000

CBN To Sanction Bankswith ATM Withdrawal Limit Below N20,000

Abibat Babalola

The Central Bank of Nigeria, CBN, has threatened to sanction banks that limit Automated Teller Machines (ATM) withdrawal to less than N20,000 per transaction. The apex bank disclosed this in a document addressing concerns over the reviewed fees on ATM withdrawal. Recall that CBN on Tuesday increased ATM transaction withdrawal fees, saying, from March 1st, bank customers will pay N100 charge for every N20,000 withdrawal from the on-site ATM of other banks. The CBN in a circular to banks and other financial institutions, the CBN said, “ATM Transaction Fees On-Us…

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CBN Retains N100 ATM Fee For Withdrawals Below N20,000

Ganiyu Amodu

The Central Bank of Nigeria has announced that Nigerians withdrawing less than N20,000 from another bank’s Automated Teller Machine will still be charged a fee of N100 per transaction. This is according to a FAQ document published by the apex bank on its website on Thursday, which provides further information on a new CBN’s directive. The directive is part of the newly revised ATM transaction fees set to take effect from March 1, 2025, as contained in the CBN circular dated February 10, 2025. Under the revised fee structure, withdrawals…

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‘Airport Drama,’ CAF Awards Three Points To Nigeria, Fines Libya $50,000

Ganiyu Amodu

The Confederation of African Football (CAF) has awarded three points, and three goals to Nigeria for the missed Libya game. The development comes after the CAF president, Patrice Motsepe, said a thorough probe was ongoing following the recent controversy surrounding Nigeria’s Africa Cup of Nations qualifier against Libya. Motsepe had maintained that the continental body would not tolerate any lack of sportsmanship and unfair treatment in African football. However, in the latest development on Saturday, a statement signed by CAF’s Chairperson of CAF Disciplinary Board, Ousmane Kane said the decision…

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Senate Passes Bill Raising Minimum Wage To N70,000

Abibat Babalola

The Senate on Tuesday at plenary, passed the 2024 National Minimum Wage Amendment Act Bill. This was followed presentation and adoption of a report on the bill by the leader of the Senate, .Opeyemi Bamidele (APC-Ekiti). The News Agency of Nigeria reports that the bill which was transmitted to the Senate by President Bola Tinubu on July 23, was given accelerated consideration, resulting into its first and second reading in line with Senate Rule 80. Opeyemi, in his lead debate on the general principles of the bill, said the bill…

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Amazon Replaces 100,000 Staff With Robots, Ups AI Workforce To 750,000

Ganiyu Amodu

▪️ “Nightmare for 1.5 million staff;” How the world second-largest private employer’s reliance on robots has put over a million jobs on the line   Amazon.com Inc. is rapidly advancing its use of robotics, deploying over 750,000 robots to work alongside its employees. The world’s second-largest private employer employs 1.5 million people. While that’s a lot, it’s a decrease of over 100,000 employees from the 1.6 million workers it had in 2021. Meanwhile, the company had 520,000 robots in 2022 and 200,000 robots in 2019. While Amazon is bringing on…

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Cyber Security: NPF-NCCC Foils Counterfeit Currency Ring, Recovers Fake $100,000

Abibat Babalola

The Nigeria Police Force National Cybercrime Center (NPF-NCCC), delivering on its mandate to stamp and decimate the trend of cyber crime in the country, has made a significant breakthrough following the apprehension of one Muhammed Zenabdin “M” for criminal conspiracy and possession of suspected counterfeit currency amounting to one hundred thousand United States Dollars ($100,000.00). According to a press release signed by the Force Spokesman, ACP Olumuyiwa Adejobi, while acting on credible intelligence, operatives of the NPF-NCCC conducted a raid on a suspected cybercrime hideout located in Garki II, FCT.…

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Bitcoin Hits Fresh Record Above $71,000

Ganiyu Amodu

Bitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut interest rates the year. READ ALSO President Tinubu To Launch Student Loan Scheme Thursday African Games: Team Nigeria Produces Six Gold Medals In Wrestling BREAKING: SSANU, NASU Begin Seven-day Warning Strike The unit hit a peak of $71,432 in afternoon Asian business, according to Bloomberg data, meaning it has advanced almost 70 percent this year. AFP

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A Dollar Will Hit N5,000 …, By Sijibomi Adebiyi Benet

ADEOLA YUSUF

Beyond curses and destructive criticism; A public policy analyst and real estate expert’s contribution to Platforms Africa’s “Helping Nigeria to Succeed Series.”   The opinion in this write-up is entirely mine, and it is based on my personal understanding and study. It is STRICTLY for minds that are devoid of bias, election hangover & bitterness. I am not oblivious to the fact that some are hyperventilating out of negative enthusiasm of “their eyes go/don clear”‘ ; for such, this post is not for you but for the open and objective…

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EFCC Arrests Musician For Duping Briton £9,300, American $2,000

Abibat Babalola

Operatives of the Economic and Financial Crimes Commission have arrested a musician named Aniji Shedrack Chidubem, popularly known as Sanij-D, for allegedly defrauding a Briton, Susan Mclean, the sum of £9,300.00. Sanij-D, who was arrested in the Kuje Area Council of the Federal Capital Territory, Abuja, was also alleged to have defrauded an American, Diana Rosado Gonzalax, the sum of $2,000.00. The suspect used social media platforms – Instagram, Facebook, and WhatsApp applications, with foreign phone numbers as means of defrauding his victims. READ ALSO: N35k Salary: Labour Gives 2-Week…

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Son Machetes 100-Year-Old Father To Death Over N70,000

Abibat Babalola

A 38-year-old man, Mathew Ifeanyi, has allegedly macheted his 100-year-old father, Anthony Nnadike, to death in Olorunda area, Eruobodo Ntabo, Ijoko in Ado-Odo/Ota Local Government Area of Ogun State. Following his arrest, the son said he killed his father over his inability to produce the sum of N70,000 he kept with him. According to him, the money had been with Nnadike since July 2022. READ ALSO: Exposè On Gov Abiodun’s Fresh N52Bn Racket Loading – Wale Adedayo Gov Abiodun Using Armed Policemen, Thugs to Intimidate Me – Wale Adedayo JUST…

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