Author: Press Room

The Central Bank of Nigeria (CBN) says charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks other than theirs. This was contained in a circular dated February 10, 2025, and addressed to all banks and financial institutions, the apex bank’s acting Director of Financial Policy and Regulation Department, John Onojah. “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 partly read. The CBN directed banks and other financial institutions to apply the following charges with effect from March…

Troops of 6 Division, Nigerian Army, have dismantled 18 illegal refining sites and arrested 17 suspected oil thieves in a major operation against oil theft in the Niger Delta region. The operations, conducted between February 17 and 23, 2025, led to the recovery of over 25,000 litres of stolen products and the demobilisation of 10 boats. Acting Deputy Director of the 6 Division Army, Lieutenant Colonel Danjuma Jonah, disclosed that significant successes were recorded in Rivers State, particularly around Kilometre 45, Idama general area in Akuku-Toru Local Council. He revealed that troops destroyed two active illegal refining sites and…

Nigerian Communications Satellite Limited, the country’s satellite operator, has raised an alarm that Nigeria may lose a $1.2 trillion share of the global Artificial Intelligence economy by 2030. NIGCOMSAT’s Managing Director, Nkechi Egerton-Idehen, made this known in a statement issued on Friday. Her comment follows her participation in the 12th Regular Meeting of the National Council for Communications, Innovation, and Digital Economy, held in Makurdi, Benue State. According to her, the Nigerian government needs to act fast in harnessing opportunities in the AI economy. She added that by 2030, AI would contribute $15.7 trillion to the global economy. “Artificial intelligence…

Edo State Governor, Monday Okpebholo, has abolished the new traditional councils created by his predecessor, Godwin Obaseki, in Edo South senatorial district. The governor also restored the statutory financial entitlements of the Benin Traditional Council (BTC) and ordered that the status quo before the creation of the now abolished councils be maintained. This was disclosed in a statement on Sunday by the Chief Press Secretary to the Governor, Fred Itua in Benin City. “This administration also hereby abolishes the new traditional councils in Edo South, created by the last administration,” the statement read. “Governor Okpebholo has restored the statutory financial…

Nigerian rapper Olanrewaju Ogunmefun, popularly known as Vector, has reacted to Ademola Lookman’s stellar performance for Atalanta in their 5-1 victory over Empoli, Soccernet.ng reports. The Super Eagles forward netted a brace in the match to deliver the perfect response to Gian Piero Gasperini’s recent harsh criticism. Lookman had missed a penalty in Atalanta’s 5-2 aggregate loss to Club Brugge in the UEFA Europa League found himself at the center of a public backlash from his manager, who labelled him “one of the worst penalty takers” READ MORE: “The worst penalty taker I’ve ever seen”- Atalanta coach Gasperini blasts Ademola Lookman…

Janet Ogundepo A nutrition specialist with FHI 360, James Oloyede, has advised Nigerians to portion their meals and eat them based on their daily energy needs and occupational demands. He emphasised that individuals who sit for long hours daily should eat smaller portions of food, stating that their sedentary lifestyle prevented them from burning excess energy derived from the food. The registered dietician nutritionist warned that a continuous build-up of energy could overburden and overwhelm the pancreas that secretes insulin, putting the individual at risk of developing type 2 diabetes. Oloyede, a former Director of Nutrition Services and Health Education…

The film adaptation of “Wicked”, directed by Jon M. Chu, continues to soar to new heights, earning four Golden Globe nominations and solidifying its status as a cultural phenomenon. Already a record-breaking success at the box office and the highest-grossing Broadway musical adaptation of all time, the film has now been recognized in categories including Best Motion Picture – Musical or Comedy. Ariana Grande, in her debut Golden Globe nod, earned recognition for her portrayal of Glinda, while Cynthia Erivo, who plays Elphaba, secured her fourth nomination. Erivo’s previous nominations include her celebrated work in “Harriet” (2020) and the series…

More than 7,500 members of the All Progressives Congress (APC) in Bauchi State have defected to the Peoples Democratic Party (PDP) in Yakubu Dogara’s constituency of Dass Local Government Area (LGA). The defectors include the Deputy Chairman of APC in Dass, Yunusa Umar, and two other executive members, who claim that the achievements of the ruling PDP attracted them. The APC Youth Leader, Yusuf Inuwa Bora, and Welfare Secretary, Isah Zakaria, also joined PDP and were welcomed in Dass on Sunday by the PDP Chairman in the area, Yusuf Sabo, and the Executive Chairman of Dass LGA, Mohammed Abubakar…

Nigeria’s headline inflation has dropped to 24.48% year on year in January 2025. This is a sharp decline from the 34.80% headline inflation recorded in December 2024. This is according to the National Bureau of Statistics (NBS). The Statistician-General of the Federation Adeyemi Adeniran announced this on Tuesday. He said the Consumer Price Index (CPI) – which measures the rate of change in prices of goods and commodities – has declined to 24.48% year on year in January. Adeniran who was speaking during a briefing in Abuja, explained that urban inflation stood at 26.09 per cent while rural inflation came…

Controversial singer and Zaazoo ze crooner, Habeeb Okikiola, popularly known as Portable, has been arraigned before a Magistrate Court sitting in Abeokuta, for alleged assault on government officials. Portable reported himself at the Criminal Investigations Department (SCID), Lagos Command, on Wednesday after he was declared wanted by the Ogun Command. He was later transferred to the Ogun Command’s headquarters, Eleweran, Abeokuta, the state capital The singer was arraigned on a five-count charge before an Isabo Magistrate Court, Abeokuta. The charges include conspiracy, assault, and restriction, armed with cutlasses and guns, and conduct likely to cause harm. He pleaded not guilty…