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Bank Customers To Pay More As Central Bank Of Nigeria Hikes ATM Issuance And Replacement Fees.
The Central Bank of Nigeria has announced a 50 per cent increase in the fee charged for the issuance and replacement of Automated Teller Machine (ATM) debit and credit cards, raising the cost from ₦1,000 to ₦1,500.....KINDLY READ THE FULL STORY HERE▶
The apex bank also abolished the ₦50 monthly maintenance charge previously applied to Naira debit and credit cards, which included a 7.5 per cent Value Added Tax (VAT). However, it stated that customers using foreign currency-denominated cards will continue to pay an annual maintenance fee of $10.
It further clarified that ATM transactions carried out on merchant Point of Sale (PoS) terminals will no longer attract charges for customers, as the cost will now be fully borne by merchants.
Naija News reports that these changes are contained in the Exposure Draft of the Guide to Charges by Banks and Other Financial Institutions in Nigeria 2026, issued by the apex bank.
According to the CBN, the revised charges stipulate that ATM card issuance or replacement for standard debit and credit cards will cost ₦1,500, while premium card fees remain negotiable. Virtual cards, however, will attract no charges.
The policy also reinforces that all card transactions at merchant locations will be free for customers, with merchants responsible for paying the Merchant Service Charge (MSC). The MSC remains set at 0.5 per cent, capped at ₦10,000, regardless of payment method or technology used.
In a circular addressed to banks, other financial institutions, and the public, signed by the Director of Financial Policy and Regulation Department, Dr. Rita Sike, the CBN explained that the review is aimed at strengthening Nigeria’s financial system, promoting innovation, and expanding financial inclusion.
The bank said the updated guide introduces a broader range of financial services, encourages innovative product development, enhances regulatory oversight, and supports micropayments through reduced transaction costs.
It added that the revised charges are also designed to boost the use of electronic payment channels and accommodate new entrants in the financial sector since the last update in 2020.
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Heartbreak In The Den: Bandits Refuse To Release Widow Following General’s Tragic Death In Captivity!.
Hajiya Amina Abubakar, the widow of the late Major General Abubakar Rabe (retd.), remains in the custody of bandits. The couple was abducted on May 30, 2026, after their vehicle was ambushed on the Marabar Musawa–Kafinsoli road in the Matazu Local Government Area of Katsina State. The Katsina State Government confirmed that Major General Rabe, a retired senior officer, passed away while in captivity due to complications from hypertension and diabetes.....KINDLY READ THE FULL STORY HERE▶
Prior to his death, a social media video surfaced in which the couple detailed the demands of their captors, which included the release of three detained individuals—Sani, Aminu, and Nasiru—as well as the return of seized livestock. Amina had pleaded with the Katsina State Government and local leaders to meet these conditions to secure their release.
Although the Katsina State Commissioner for Internal Security and Home Affairs, Nasiru Mu’azu, announced the retired general’s passing, he provided no update regarding the widow’s status, fueling ongoing concerns for her safety. While security sources indicate that rescue efforts are continuing, they have not provided a specific timeline.
A bandit kingpin, Kachalla Muhammad, stated in an audio message that he had previously intended to release the widow but reversed his decision due to the heavy deployment of security personnel in the area. Furthermore, the bandit leader expressed frustration over the arrest of individuals linked to his group, warning that these actions have hindered potential dialogue and reiterated his demands for the release of the three detainees and the return of seized cattle.
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Military Dreams In Sight: Official Confirmation Of NDA Screening Date Sparks Excitement In Lagos!.
The Lagos State Government, through the Ministry of Basic and Secondary Education, has confirmed that the Nigerian Defence Academy (NDA) will hold its admission screening test in Lagos on Saturday, June 20, 2026. Preparations are already underway to ensure the examination proceeds smoothly.....KINDLY READ THE FULL STORY HERE▶
As part of the planning process, a liaison team from the NDA is scheduled to arrive in Lagos on June 11, 2026, to coordinate logistics and consult with relevant stakeholders and government agencies.
Candidates are strongly advised to strictly follow all NDA guidelines regarding registration, accreditation, and examination procedures to prevent any issues on the day of the test. Furthermore, applicants should frequently monitor the official NDA communication channels for any updates or additional instructions.
The Lagos State Government reaffirmed its commitment to supporting educational initiatives that provide opportunities for young Nigerians, emphasizing that such programs enable qualified candidates to gain admission to esteemed institutions like the NDA and contribute to national development and service.
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The Untold Truth: Fr. Mbaka Exposes The Secret Struggles Behind His Bold Endorsement Of Peter Obi!.
Rev. Fr. Ejike Mbaka, the Spiritual Director of the Adoration Ministry in Enugu, recently responded to critics by highlighting the significant risks he undertook to support Peter Obi during his impeachment as Governor of Anambra State. Speaking during a church program on Friday, Fr. Mbaka challenged the narrative that he has been a hindrance to the NDC presidential candidate.....KINDLY READ THE FULL STORY HERE▶
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Defending his history of support: Fr. Mbaka asserted that he played a critical, behind-the-scenes role in gathering the necessary documentation and organizing the efforts required to restore Obi to office after his impeachment.
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Criticizing fair-weather supporters: The cleric claimed that 99.9% of those now vocal in their support for the former governor had actually abandoned him during his impeachment ordeal.
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Challenging his critics: Fr. Mbaka insisted that the efforts he made for Obi during that period were far greater than what his current supporters could replicate, and he encouraged people to verify these events with individuals like Chris Uba and Ibeto, who were present at the time.
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Reaffirming his stance: He concluded by dismissing the criticism as uninformed, declaring that he has always been a solution rather than a problem and that he maintains a deep love for his people.
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