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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...

As part of efforts to reposition the country’s oil sector, President Muhammadu Buhari has set new target for the production of crude oil. The president, who was represented on March 14 by Vice President Yemi Osinbajo at the sixth African Petroleum Congress and Exhibition (CAPE VI) in Abuja, revealed that government has started the process of cutting production costs to boost exploration in order to achieve a production level of about 2.8 million barrel per day (mbpd). President Buhari said the quantum leap would be 30% increase of production level of 2.4 mbpd being pursued. “In Nigeria, as part of our strategies to reposition the oil industry, this administration has commenced the process of implementing carefully conceived initiatives, to reduce production costs and encourage efficiencies in oil exploration so as to achieve a 30 per cent increase in daily production levels (to about 2.8mbpd),” he said. The president further disclosed that the country is working on mode to ...

In the interview with Verge, the American first Lady discussed how social media has made an impact to her and the society.

Pop Reggae maestro, Majek Fashek, ‎visited Pastor Wole Oladiyun, of the Christ Living Apostolic Ministries (CLAM) in Lagos yesterday March 13th to share testimony of how God delivered him from drugs. Speaking during a testimony session, Fashek said the CLAM Senior Pastor Apostle Wole Oladiyun and the church stood by him during his trial times. Read what Majek Fashek said, “My testimony is that Jesus Christ is Lord, Jesus Christ is the Master, you know before I went to Abuja for my rehab, Baba Oladiyun here came to my rescue, most church won’t do that. Most church, may God bless him and keep this ministry, materials and spiritual are two different thing, because Jesus Christ cannot come from Heaven to heal you. This Baba is a ‘correct prophet”. 

The relationship between Payporte and Olajumoke Orisaguna grow stronger as the fast growing model is the official face of the online shop’s Customer favorite and highly successful 1k-Store. With the present economic realities, Payporte keeps showing its customers that no matter the situation of things, they will still have the best products at the best prices.