CBN Imposes N1.2m Daily Limit Transaction On PoS Agent

The Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million.

This was revealed in its ‘Circular on Cash-Out Limits for Agent Banking Transactions,’ released on Tuesday.

According to the circular, the development is in the apex bank’s effort to advance a cashless economy.

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Nigerians pay N2.2 trillion for ransom 

The National Bureau of Statistics said that Nigerians paid a total of N2.2 trillion as ransom between May 2023 and April 2024 amid worsening insecurity across the country.

This is according to NBS’s latest Crime Experience and Security Perception Survey report.

The report showed that this was paid by households affected by kidnapping incidents, highlighting the growing threat posed by criminal activities in the country.

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IN SPORT : NPFL Fines Ikorodu City N3m For Match Security Breach

The Nigeria Premier Football League (NPFL) has slammed the fine of N3million on Ikorodu City for the security breach in their last weekend’s home clash against Remo Stars at the Mobolaji Johnson Arena which ended in a 1-1 draw.

The league body, in a statement released on Tuesday by the Chief Operating Officer, Mr Davidson Owumi, ruled that the Lagos based breached its Rule B13.52 of the Frameworks and Rules by failing to provide adequate security during the South West derby clash.

NPFL ruled that Ikorodu City breached Rule B13.52 of its Frameworks and Rules in the match by failing to provide adequate and effective security “which resulted in unauthorised persons gaining access to restricted areas and the assault of the Remo Stars Coach, Mr. Sulaimon Kamil.”

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FOREIGN NEWS : Ghana’s President-Elect Mahama Visits Tinubu

Ghana’s president-elect John Mahama has visited President Bola Tinubu at the Presidential Villa in Abuja.

Mahama’s visit came weeks after he won Ghana’s presidential election, earning him a return to the seat of power eight years after leading the West African nation.

Olusegun Dada, Tinubu’s Special Assistant On Social Media, said the newly-elected Ghanaian president visited his Nigerian counterpart on Monday.

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ENTERTAINMENT: I don’t trust you completely – Actor Etim Effiong’s wife, Toyosi tells him

Nollywood star, Daniel Etim Effiong’s wife, Toyosi Effiong, has revealed that she doesn’t have 100 per cent trust in her husband after several years of marriage.

She hosted the actor in the latest episode of her ‘The Toyosi’ podcast and the movie star asked if she has 100 per cent trust in him.

Responding, she said she trusts her husband to a large extent but not completely.

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Compiled by NIFEMI ONIBIYO