Author: Samuel Akpenpuun

Sterling Bank has announced the removal of transfer fees on all local online transactions, becoming the first major Nigerian bank to eliminate the contentious charges for digital banking. The move was confirmed on Tuesday in a statement with the bank reaffirming its commitment to customer-centric banking. According to Obinna Ukachukwu, the bank’s Growth Executive for Consumer and Business Banking, the zero-transfer-fee policy is a values-driven approach aimed at ensuring fair and inclusive banking. “We believe access to your own money shouldn’t come with a penalty. This is more than a financial decision—it’s about redefining banking to put customers first” Ukachukwu stated.…

Popular comedian and filmmaker, Ayo Makun has expressed concerns over the high service charges imposed by Nigerian commercial banks. AY who questioned how banks can report massive profits despite the country’s struggling economy,  voiced frustrations on his X page. While highlighting that some of the service fees are unique to Nigeria and need to be challenged, he stressed the need for transparency and fairness in banking practices. AY wrote: “Where do banks get the trillions they declare as profits every quarter, even in a struggling economy? The small charges and debits on our accounts need to be challenged. Many of these fees…

The Nigeria Customs Service has described the alleged tenure extension of the Comptroller General of Customs, Adewale Adeniyi, as fake. The National Public Relations Officer of the service, Abdullahi Maiwada in a statement on Tuesday, said that the news was inaccurate and misleading. He explained that the appointments and tenure extensions of the CGC are made solely at the discretion of the President, in line with the provisions of the NCS Act 2023 and other relevant regulations governing public service appointments. “The attention of the NCS has been drawn to a fake release allegedly from the State House regarding an…

Wellesley Bolt, the father of eight-time Olympic gold medalist Usain Bolt, has died at the age of 68. UK Independent reports that Wellesley, father of three, passed away on Monday in Jamaica after a protracted illness. Wellesley ran a grocery store alongside his wife Jennifer and maintained a low profile. However, he played a crucial role in Usain’s career, as he rose to become an eight-time Olympic gold medallist. “I join with every Jamaican in extending my deepest and most sincere condolences to Usain Bolt, his beloved mother Mrs. Jennifer Bolt, and the entire Bolt family, following the passing of…

The Premier League will use semi-automated offside technology for the first time in matches starting from April 12. The system made its debut in English football in seven of the eight FA Cup fifth-round ties in March. Following additional non-live testing in the Premier League, the technology has now been cleared for use in the top-flight. Semi-automated offside technology is designed to improve the accuracy of tight offside calls by making parts of the process automatic. READ ALSO: Haaland Out For Up To Seven Weeks With Ankle Injury, Guardiola Confirms Virtual offside lines and graphics will be used, alongside optical…

Antitrust authorities in the EU and Britain on Tuesday fined a cartel involving some of the world’s biggest carmakers about 550 million euros ($594 million) for preventing competition on vehicle recycling. The European Commission said 15 manufacturers, including BMW, Ford, Jeep maker Stellantis and Volkswagen, and an industry group colluded to avoid paying car dismantlers and lower consumer pressure to recycle more, the commission said. It fined the participants, who admitted their involvement and agreed to settle the case a total of about 458 million euros. “We have taken firm action against companies that colluded to prevent competition on recycling,”…

With American entertainer Kid Rock at his side, US President Donald Trump signed an executive order Monday clamping down on ticket scalping and live event pricing. The directive seeks to prevent “unscrupulous middlemen” from profiting off reselling tickets for concerts and other events at an “enormous markup”. It orders the US attorney general and the Treasury secretary to use “all legal means” to stamp out soaring price gouging, and calls on the Federal Trade Commission to “ensure price transparency at all stages of the ticket-purchase process, including the secondary ticketing market.” “You can buy a ticket for $100. By the…

The National Institute for Policy and Strategic Studies has assured Nigerians that the price of Premium Motor Spirit, also known as petrol, will drop as Dangote Refinery and other local refineries begin operations. Before the fuel subsidy removal, petrol was sold for less than ₦200 per litre. Now, prices have surged to around ₦930 per litre, depending on location. Despite the increase, NIPSS Director-General Ayo Omotayo said there is hope for relief in the future when he featured on Channels Television’s The Morning Brief on Tuesday, Omotayo explained that as more refineries start working, fuel prices will begin to fall.…

Controversial crossdresser Bobrisky has made a U-turn on alleged arrest by immigration authorities, revealing that his initial post was an April Fools’ Day prank. Bobrisky sparked concern with a social media post claiming he had been arrested and was unaware of the reason. He wrote: “Guys, have just been arrested by immigration in Nigeria. I don’t know what I did o”. Although the prank has been revealed, it’s worth noting that Bobrisky has a history of legal troubles, including a previous arrest at the Seme border. The Nigerian Immigration Service (NIS) had also confirmed an arrest, stating Bobrisky was a…

A massive fire caused by a gas pipeline leak forced people from their homes and injured more than 100 during Eid celebrations near Malaysia’s capital on Tuesday, fire officials said. The inferno, which was visible kilometres away, was caused by “a gas pipeline leak stretching approximately 500 metres (1,600 feet)”, said fire officials in Selangor state near Kuala Lumpur. The valve to the affected pipeline belonging to Malaysia’s state-run oil firm Petronas has been shut off, the fire officials said in a statement. While the early morning blaze was coming under control in the afternoon, more than 100 people were…