Author: Citynews

The Central Bank of Nigeria (CBN) has announced the removal of card maintenance charges on naira-denominated debit and credit cards, alongside a reduction in inter-bank transfer fees, as part of a sweeping review of banking charges aimed at easing costs for customers and deepening financial inclusion. The changes are contained in a revised Guide to Charges by Banks and Other Financial Institutions, which will take effect from May 1, 2026, replacing the previous 2020 framework. Under the new regime, electronic transfers of N5,000 and below will attract no charge. Transactions between N5,000 and N50,000 will cost N10, while transfers above…

Nigeria’s Senate President, Godswill Akpabio, has stirred fresh debate over the country’s economic direction after suggesting that continued borrowing may be necessary due to limited government revenue. Speaking on the nation’s fiscal challenges, Akpabio indicated that Nigeria currently lacks sufficient funds to meet its growing obligations, adding that borrowing remains a viable option to sustain government operations and development efforts. The remarks have triggered mixed reactions from economists and citizens. While some argue that borrowing is a common global practice—often used to finance infrastructure and stimulate growth—others warn that Nigeria’s rising debt profile could become unsustainable if not matched with…

There is tension in Abuja, Nigeria’s Federal Capital Territory, FCT, after a classified document purportedly from the Department of State Services (DSS), revealed there was planned coordinated attacks within the city. The document allegedly identified multiple strategic targets, including the Nnamdi Azikiwe International Airport, the Kuje Correctional Centre, and other sensitive installations across Abuja. Security agencies, including the Nigeria Police Force, Nigeria Immigration Service and Nigerian Correctional Service, confirmed that measures have been strengthened at airports and custodial centres. The alert was reportedly made after an internal memo by the Nigeria Customs Service, which warned of plans by Islamic State…

A chieftain of the African Democratic Congress, ADC, and former Minister of Transportation, Rotimi Amaechi, has disclosed that ex-President Goodluck Jonathan and his wife, Patience, chased him out of the Peoples Democratic Party, PDP. Amaechi said they chased him out of the PDP and handed over the political structure of the party in Rivers State to others. In an interview with Channels Television on Friday, Amaechi said: “I was literally chased out of the PDP by former President Goodluck Jonathan and his wife. “They took over the political structure in Rivers State and chased me out, and the same with…

The Anambra State Chapter of the All Progressives Congress (APC) has claimed that Governor Charles Soludo is deceiving President Bola Tinubu. CityNews reports that Soludo, the national leader of the All Progressives Grand Alliance (APGA), has openly shown his support for Tinubu, claiming that “progressives are working together.” However, speaking at a press conference on Friday, the APC state chairman, Senator Emma Anosike, discredited Soludo’s frequent claims that his administration is working with Tinubu. He alleged that Soludo was deceiving the President to continue receiving favours from him at the federal level, while he continues to work against the APC in the…

Controversial relationship expert cum social media influencer, Blessing Okoro, popularly known as Blessing CEO, has admitted that she regrets publicly seeking funds towards her alleged cancer treatment. CityNews reports that Blessing, in an interview with Punch, said she wants to refund the money for the sake of her peace, stressing that some people demanding refunds did not even contribute. She said, “I regret doing that because it made people feel entitled. Some of the loudest people demanding refunds didn’t even contribute. I just want to return the money and have my peace. I will never come online to ask for financial help again.”…

The Minister of Power, Adebayo Adelabu, resigned from President Bola Tinubu’s cabinet against the wishes of the President who had dissuaded him from quitting, Saturday PUNCH has learnt. Insiders familiar with the back and forth that preceded the resignation told our correspondents on Friday that Adelabu insisted on quitting the cabinet to pursue his governorship ambition in Oyo State. Adelabu announced his resignation on Wednesday in a letter dated April 22, 2026, and addressed to the President through the Office of the Secretary to the Government of the Federation. The spokesperson for the SGF’s office confirmed the resignation to Saturday…

The Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has said the Federal Government is borrowing billions of dollars to fund critical infrastructure projects across the country. Bwala made the comment while reacting to remarks by the Emir of Kano, Muhammed Sanusi, who noted that Nigeria requires between $30 billion and $100 billion annually to address its infrastructure deficit. In a post on X, Bwala stated: “Your Royal Highness, we are simply borrowing to invest in the most important areas of our economy, with infrastructure being the most crucial of them all. “The infrastructure gap requires at least…

The Federal Government of Nigeria has approved a sweeping increase in peculiar allowances and other welfare benefits for civil servants, in a move aimed at improving take-home pay and boosting morale across the public service. The announcement was made on Friday by the Head of the Civil Service of the Federation, Didi Walson-Jack, during a press briefing in Abuja, where she outlined key reforms endorsed by the Federal Executive Council. According to Walson-Jack, the review affects workers under both the Consolidated Public Service Salary Structure (CONPSS) and the Consolidated Research and Allied Institutions Salary Structure (CONRAISS), ensuring a broad-based impact…

The Plateau State chapter of the Miyetti Allah Cattle Breeders Association of Nigeria has petitioned Governor Caleb Mutfwang, the Department of State Services (DSS), and the Commander of Operation Enduring Peace over what it described as repeated incidents of cattle killings and poisoning in communities within Barkin Ladi Local Government Area. The petition, dated April 23, 2026, was signed by the state chairman of the association, Ibrahim Yusuf Babayo, and made available to journalists in Jos on Friday. Babayo said the petition became necessary due to what the association considers a growing threat to the livelihoods of herders in the…