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The Central Bank of Nigeria (CBN) has proposed a N100 monthly charge on every debit card (ATM card) in the country. The new charge is different from the existing N65 charge after the third withdrawal within the same month. A monthly maintenance fee of N100 was also proposed every month for a naira dominated debit card when used, and a N50 charge for other months when the card is used or not. In its draft on the “guide to charges for banks and other financial institutions in Nigeria”, CBN has also proposed a N4,200-per-annum charge on foreign currency denominated cards as maintenance fee. The apex bank has also proposed a N50 charge on every cheque leaflet obtained and used at the deposit money bank’s counter, The Cable reports. This is not the same as the collection charge on cheques, which is also proposed to be “one percent of cheque value or Naira equivalent of US $10 whichever is lower”. The circular, signed by Kevin Amugo, director financial policy and regulation ...

The wife of the Edo state governor, Adams Oshiomhole, looked stunning as she welcome some guests on a courtesy visit at the Government House earlier today. Iara Oshiomhole has been descibed as the most beautiful first lady in Nigeria. See more photos:

Minister of Women Affairs and Social Development, Mrs Aisha Al-Hassan, says at the 69th Commission on the Status of Women (CSW) in New York yesterday, March 15th that Nigeria is fit to eliminate gender-based violence in the society. She said the Violence against People Prohibition Act enacted in May 2015 criminalised all forms of gender-based violence, harmful practices against women and girls, rape, and economic and political marginalization. The minister also said the national gender policy and its strategic implementation framework and plan focused on reproductive health, education, countering violence against women, and economic empowerment. She added that the Federal Government had created programmes that addressed specific social needs, which are, skills acquisition for youths, meals for primary school students and financial support to one million female marketers and artisans. Al-Hassan called on Member States to implement national policies to combat gender-based vio...