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CBN says banks will pay N10,000 fine for any failed instant payment transaction not reversed into the customer’s account within 24 hours

The Central Bank of Nigeria (CBN) has issued a new directive that banks will pay a fine of N10,000 for every money transfer that exceeds four minutes.   The apex bank made this known in a circular, ‘Circular on the regulation on instant inter-bank electronic funds transfer services in Nigeria’ issued to

China vows to retaliate if Trump imposes new tariffs

China has promised to retaliate if US President Donald Trump goes ahead and slaps tariffs on 200 billion dollars’ worth of Chinese imports. Beijing “will have to take necessary counter-measures,” a Chinese Foreign Ministry spokesman said on Monday. “The escalation of trade disputes does not meet the interests of either party,’’ spokesman,

Post-UTME: 10,000 candidates jostle for 5,300 spaces in AAUA

No fewer than 10,000 candidates seeking admission to the Adekunle Ajasin University, Akungba Akoko, Ondo State, participated in the Post Unified Tertiary Matriculation Examination for the 2018/2019 academic session. The Vice-Chancellor of the University, Prof. Igbekele Ajibefun, disclosed this while speaking with journalists on the campus of the institution. Ajibefun, who had

Real Madrid more of a team without Ronaldo, says Bale

Gareth Bale has won four Champions Leagues in five years at Real Madrid but believes the Spanish giants can be even better in their quest for a 14th European crown despite the loss of Cristiano Ronaldo. Bale has shone in the spotlight since Ronaldo’s departure for Juventus, scoring in all of

I didn’t speak to Tinubu about Ambode, says Pastor Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, on Sunday, denied having a telephone conversation with the national leader of the All Progressives Congress, Bola Tinubu, about the second term ambition of the Lagos State Governor, Akinwunmi Ambode. In a disclaimer shared on his verified Twitter

Seven police injured in Ukraine clashes

Seven police officers were injured Monday in clashes with ultranationalists who were protesting a decision by the authorities to extradite a Russian citizen wanted by Moscow as a suspected Islamic State fighter, Kiev police said. Dozens of protesters, mostly from Ukraine’s far-right groups, blocked the entrance to the building of the

14 Nigerian banks to enjoy $7bn reserve

n September 7, 2018, the Chairman of the Special Presidential Panel for Recovery of Public Property, Mr. Okoi Obono-Obla, noted in a News Agency of Nigeria report, in Abuja, that the panel was continuing its investigations to “recover monies that have been taken away from the people of Nigeria.” One

First paying passenger for moon trip to be identified

SpaceX has signed the world’s first private passenger to fly around the moon and will announce details on Monday, the company said. The individual will travel in a giant spacecraft that SpaceX has designed to fly to Mars. SpaceX said that the moon mission “is an important step toward enabling access for

Infrastructure: FG needs to borrow more, says expert

The Federal Government must take more loans if its plan to fund infrastructure is to be realised, according to the Senior Analyst at Agusto & Co, Mr Jimi Ogbobine. Ogbobine said this on Sunday at a training for financial journalists during the Finance Correspondents Association of Nigeria 2018 annual workshop in