News
CBN Warns Banks Over Persistent ATM Cash Shortages, Vows Severe Penalties
The Central Bank of Nigeria (CBN) has cautioned banks against ongoing cash shortages at ATMs, vowing severe penalties for non-compliance.
Governor Olayemi Cardoso, speaking at the CIBN Bankers’ Dinner, emphasized the challenges faced by Nigerians due to limited cash availability and announced spot checks to enforce accountability.
Starting December 1, customers can report ATM or branch cash withdrawal issues to the CBN via designated phone lines and emails. Cardoso also urged stakeholders, including mobile money operators and POS agents, to comply with regulations and support digital transactions to improve service delivery.
On foreign exchange, the governor highlighted a missed N6.2 trillion revenue opportunity due to an inflexible FX regime and called for reforms to boost Nigeria’s economic resilience.
Nigerian comedian Seyi Law takes to social media as he defends President Bola Tinubu. The comedian stated that the president has done a lot in his administration and claimed that Nigeria is safer and economically sound under his administration.
He then compared how things now to past years under the administration of others, and shared how things were bad. He claimed that now the economy is stabilized.
“Nigeria is safer now than 10 years ago. This government has killed more bandits than any government in Nigeria since the time of Jonathan. When last have you heard of bomb blast in Nigeria?”
It has been reported that fire occurred at the Murtala Muhammed International Airport, Lagos (MMIA), Terminal 1. This fire incident occurred on Monday, 23rd of February, 2026.
Passengers at that terminal were spotted running away for safety after seeing the fire and the alarm.
The Federal Airports Authority of Nigeria (FAAN) released a statement and shared that no life was lost and people were saved and avoided danger.
It has been reported that Kano State has closed down all entertainment spots across the state. This was stated to happen because of the ongoing Ramadan fast.
The federal government shared that the new law will take place from 18th of February, 10 pm, till the last day of Ramadan. This is in order for the people participating in it to truly focus on the fast.
Fuji Star Shanko Rasheed Atanda Loses First Son
Love Island Star Rob Rausch Wins Traitors Season 4
Gospel Singer Busola Oke Opens Up About Financial Struggles
-
Entertainment15 hours ago“I Don’t Feel Safe” – Verydarkman Cries Out Online
-
Entertainment15 hours agoLove Island Star Rob Rausch Wins Traitors Season 4
-
Entertainment15 hours agoFuji Star Shanko Rasheed Atanda Loses First Son
-
Sport15 hours agoPaul Merson Names Mohamed Salah the Greatest Winger of All Time
-
Sport15 hours agoDiego Simeone Calls Out Ademola Lookman Over Defensive Duties
-
Entertainment15 hours agoGospel Singer Busola Oke Opens Up About Financial Struggles