PRESIDENT TINUBU TO EMBARK ON A THREE-NATION TRIP. (PHOTO). #PRESS RELEASE.

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STATEHOUSE PRESS RELEASE   PRESIDENT TINUBU TO EMBARK ON A THREE-NATION TRIP   President Bola Ahmed Tinubu will depart Abuja on Saturday, May 2nd, on a visit to Kenya, Rwanda and France.   President Tinubu’s first stop will be in France, after which he will depart for Nairobi, Kenya, to attend the Africa-France Summit scheduled to begin next week.   Co-chaired by President Emmanuel Macron and President William Ruto, the summit focuses on energy transition, green industrialisation, digital transformation, restructuring of global financing architecture, and climate action.   President Tinubu’s participation at the summit from May 11th to May 12th. will underscore Nigeria’s unwavering commitment to strengthening strategic partnerships with African nations and the French Republic.   The summit, with the theme  - "Africa Forward: Africa-France Partnerships for Innovation and Growth" -  will provide a high-level platform for African leaders and their Fr...

REPS URGE CBN TO SUSPEND ATM CHARGE HIKE. (PHOTO).


 

In a move aimed at protecting the interests of Nigerian citizens, the House of Representatives has passed a resolution calling on the Central Bank of Nigeria (CBN) to suspend its recent decision to increase Automated Teller Machine (ATM) transaction charges.


The CBN had announced plans to introduce new charges for ATM transactions, effective March 1, 2025. Under the new policy, customers would be charged ₦100 for every ₦20,000 withdrawn from another bank's ATM. However, lawmakers argued that this move would place an undue financial burden on Nigerians.


Following a motion of urgent public importance, the House of Representatives urged the CBN to put the policy on hold pending further engagement with relevant committees. The lawmakers stressed the need for the CBN to reconsider its decision and explore alternative solutions that would not negatively impact citizens.


The CBN had attributed the reviewed charges to rising costs and the need to improve the efficiency of ATM services in the country. However, critics have argued that the new policy would disproportionately affect low-income earners and those who rely heavily on ATM transactions.


As the debate surrounding the ATM charge increase continues, the House of Representatives' intervention is seen as a significant step towards protecting the interests of Nigerian citizens.

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