Business

Banks in Nigeria have started charging customers for ATM transactions, following a directive from the Central Bank of Nigeria (CBN). The new charges, which took effect on March 1, 2025, have sparked complaints from customers. ATM Transaction Fees – *On-site ATMs*: N100 per N20,000 withdrawal – *Off-site ATMs*: N100 plus …

The Nigerian Electricity Supply Industry (NESI) on Wednesday suffered a national grid collapse, leading to a total system shutdown across the country. The grid, which had been generating 1,214 megawatts at 3 pm, completely crashed to 0 megawatts by 4 pm, leaving many parts of the nation without power. Confirming …

By Ekpenyong Emmanuel The Central Bank of Nigeria (CBN) has announced a review of Automated Teller Machine (ATM) transaction fees, citing rising operational costs and the need to enhance banking services. This change will take effect from March 1, 2025. The CBN stated that the review aims to “accelerate the …

By Oladele Taiwo The Oyo State Government has registered 12,128 hospitality businesses, signaling a major boost for tourism and investment in the state. Commissioner for Culture and Tourism, Dr. Wasiu Olatunbosun, disclosed this during a press conference at Eleyele Waterfront, Ibadan, ahead of the upcoming ‘Valentine Cruise’ event. The number …