THE LABOUR PARTY (LP) HAS CLARIFIED THAT IT HAS NOT ADOPTED ANY CANDIDATE OR ASPIRANT AHEAD OF THE 2027 GENERAL ELECTIONS IN NIGERIA.(PHOTO).

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The Labour Party (LP) has clarified that it has not adopted any candidate or aspirant ahead of the 2027 general elections in Nigeria. In an interview, the party's National Vice Chairman, Ceekay Igara, stated that the party currently has no official candidate or aspirant at this stage.Igara emphasized that only the National Executive Council (NEC) of the Labour Party possesses the authority to adopt or endorse any candidate. He warned that any individual claiming the party has already adopted a candidate, including reports suggesting an endorsement of President Bola Tinubu for a second term, is speaking in their personal capacity and not on behalf of the party. The statement comes amid speculation about political alignments and possible cross-party endorsements as Nigeria approaches the next electoral cycle. The Labour Party stressed that no such decision has been made, and any future adoption process will follow due party procedures through the NEC.
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BANKS BEGIN N100 ON-SITE ARM CHARGES, N600 FOR OFF-SITE PER N20, 000 WITHDRAWAL. (PHOTO).

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 Banks begin N100 on-site ATM charges, N600 for off-site per N20,000 withdrawal


Commercial banks across Nigeria have commenced charging customers N100 per N20,000 withdrawal from their on-site Automated Teller Machines (ATMs) and N600 for off-site ATM following a directive issued by the Central Bank of Nigeria (CBN).


This development was announced by the Central Bank of Nigeria in a circular dated February 10, 2025 on the review of ATM transaction fees, scheduled for implementation from today, March 1, 2025.


Under the updated fee structure, withdrawals from a customer’s own bank ATMs remain free. However, customers using ATMs of other banks will now pay a charge of N100 per withdrawal of N20,000 or less at on-site ATMs, which are located within or directly affiliated with a bank branch.


”Off-site ATMs, which are positioned outside bank premises in locations such as shopping malls, fuel stations, and other public spaces, will attract an additional surcharge of up to N500 per transaction.


”For international ATM withdrawals, charges will be based on cost recovery, meaning customers will bear the exact fee applied by the international acquirer.


The CBN stated that the new charges were introduced due to “rising costs and the need to improve the efficiency of ATM services in the banking industry.”

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