Author: Friday Omosola

The Central Bank of Nigeria (CBN) has announced the removal of the three free monthly withdrawals previously allowed for customers using Automated Teller Machines (ATMs) of banks other than their own. In a circular issued on February 10, 2025, and addressed to all banks and financial institutions, the apex bank’s Acting Director of the Financial Policy and Regulation Department, John Onojah, confirmed the policy change. “The three free monthly withdrawals allowed for remote-on-us (other bank’s customers/not-on-us consumers) in Nigeria under Section 10.6.2 of the Guide shall no longer apply,” the circular stated. READ ALSO: World Bank charges CBN on inflation-control…

A Lagos Special Offences Court in Ikeja on Tuesday granted bail to the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, setting the amount at N50 million with two sureties. Meanwhile, the court convicted Sigma Golf Nigeria Limited, ordering its dissolution and the forfeiture of its rights, title, and interest in 6.25 billion units of Keystone Bank Limited’s ordinary shares to the Federal Government. Justice Rahman Oshodi delivered the judgment as part of a plea bargain agreement between the Economic and Financial Crimes Commission (EFCC) and Sigma Golf Nigeria Limited. The company, represented by its…

The Special Adviser to President Bola Tinubu on Media and Policy, Daniel Bwala, has downplayed his past criticisms of him, stating that his previous remarks no longer hold significance.   Speaking on ‘Arise TV’s Morning Show’ on Tuesday, Bwala explained that his criticisms of Tinubu were rooted in his role as a member of the opposition party at the time. During the 2023 presidential election campaign, Bwala left the ruling All Progressives Congress (APC) after the party fielded a Muslim-Muslim ticket with Tinubu and Kashim Shettima as its presidential and vice-presidential candidates. He subsequently joined the Peoples Democratic Party (PDP) and…

Plateau State Governor, Caleb Mutfwang, has called on political appointees to adopt innovative approaches and work collaboratively to address the state’s pressing challenges, ensuring better living conditions for its citizens.   Governor Mutfwang made this appeal yesterday while declaring open the Plateau State Annual Executive Retreat, themed ‘That Plateau May Shine,’ at Miango Rest Home in Bassa Local Government Area. Reflecting on the administration’s journey so far, the governor urged his appointees to seize every opportunity to drive meaningful change, particularly in the education and health sectors, as well as in infrastructure development, to foster economic growth and sustainable progress. “We…

The Ogun State government has announced plans to establish ranching facilities to enhance meat processing and ensure hygienic food production. Governor Dapo Abiodun disclosed this initiative while hosting a delegation from SEMMARIS and the French Embassy at his office in Oke-Mosan, Abeokuta, on Monday.   According to the governor, the planned ranches will enable the state to rear, fatten, slaughter, and process cattle in a controlled and sanitary environment. This move is aimed at improving meat quality and reducing health risks associated with unregulated slaughtering practices. “We have an immediate plan to set up ranching facilities where cattle will be reared,…

Osun State Governor, Ademola Adeleke, has announced the launch of the Imole Statewide Public and Private Schools Students SSCE Scholarship. He said the initiative is aimed at rewarding academic excellence among senior secondary school students. Commissioner for Education, Dipo Eluwole, in a statement said the scholarship—sponsored in collaboration with Electronic Collections Group (ECG)—will recognize top-performing students in the SSCE across all 30 local government areas and the area office of the state. As part of the initiative, the overall best student in Osun State will receive a N1 million scholarship as a reward for outstanding academic performance. READ ALSO: Ganduje…

Vice President Kashim Shettima has reaffirmed President Bola Tinubu’s commitment to economic reforms aimed at fostering inclusive growth and bridging financial gaps across Nigeria.   He said this at the inauguration of the Presidential Committee on Economic and Financial Inclusion (PreCEFI) at the State House Banquet Hall, Abuja. Shettima emphasised the administration’s dedication to achieving a $1 trillion economy by 2030. The event also featured the signing of an investment agreement by private sector stakeholders to provide the foundational infrastructure for the Aso Accord Initiative, a key component of Tinubu’s Renewed Hope Agenda. Addressing attendees at the Presidential Villa, Abuja, Shettima…

The Department of State Services (DSS) and the Economic and Financial Crimes Commission (EFCC) have reaffirmed their commitment to enhancing intelligence-sharing to combat terrorism financing in Enugu State. This resolution was reached during a courtesy visit by the Enugu State Director of DSS, Humphrey Ohikhuare, to the Zonal Director of the EFCC’s Enugu Zonal Directorate, Commander CE Mohammed Shuaib Bello.   During the meeting, Ohikhuare commended the EFCC’s relentless efforts in tackling corruption, economic fraud, and financial crimes, stating that the Commission’s work has significantly contributed to safeguarding Nigeria’s economy. “As the Director here, I recognize your critical role in combating…

The Defence Headquarters (DHQ) has revealed that 800 former Boko Haram fighters who surrendered to the military are currently undergoing deradicalization as part of efforts to reintegrate them into society. Maj.-Gen. Emeka Onumajuru, Chief of Defence Operations, disclosed this on Channels Television’s ‘The Morning Brief’ programme. He stated that 129,000 Boko Haram fighters and their families have been taken into custody, only 800 have been carefully selected for the rehabilitation initiative under ‘Operation Safe Corridor.’ Clarifying the process, Onumajuru said, “To be precise, about 129,000 Boko Haram members and their families have surrendered. READ ALSO: Wanted Boko Haram leader nabbed…

The National Drug Law Enforcement Agency (NDLEA) has highlighted progress in its fight against narcotic substance abuse, particularly with support from state governments.   Speaking on Channels Television’s ‘The Morning Brief’ on Monday, NDLEA spokesman Femi Babafemi revealed that states have adopted the agency’s advocacy, making drug tests mandatory for government appointees and employees. Babafemi emphasised that while drug testing is not yet a legal requirement, many states are integrating it into their policies. “This advocacy has been ongoing since 2021, and a growing number of state governments are now implementing it as a policy. “Anyone seeking an elective position or…