Economy
March 1st, Banks Begin Implementation Of CBN Directive On ATM Withdrawal Fees
March 1st, Banks Begin Implementation Of CBN Directive On ATM Withdrawal Fees
March 1st, Banks begin implementation of CBN directive on ATM withdrawal fees. Many of the Deposit Money Banks on Friday sent notices to their customers that implementation of the directive would commence today.
Commercial banks in Nigeria have begun enforcing withdrawal fees on Automated Teller Machines transactions by their customers from March 1, 2025.
The implementation is in line with the direction of the Central Bank of Nigeria.
Many of the Deposit Money Banks on Friday sent notices to their customers that implementation of the directive would commence today.
One of the leading commercial banks, Ecobank, in a statement, said âDear valued customers, please be informed that effective March 1, 2025, a new ATM transaction fee will apply to all Ecobank cardholders, in line with the Central Bank of Nigeria (CBN) directive.â
The bank further informed its customers of the various transactions that would attract charges such as offsite withdrawals and those that would be free such as onsite withdrawals as directed by the Apex bank.
Recall that the CBNâs directive was contained in a circular dated February 10, 2025, titled, âreview of ATM transaction fees, scheduled for implementation from March 1, 2025.
The apex bank stated, âThis review is expected to accelerate the deployment of ATMs and to ensure that appropriate charges are applied by financial institutions to consumers of the service. Withdrawals from customerâs own bank will be free while customers using ATMs of other banks will now pay a charge of N100 per withdrawal of N20,000 or less at onsite ATMs located within or directly affiliated with a bank branch.

CBN, đ§
âOff-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, where customers will bear the exact fee applied by the international acquirer.ââ
The development was a response by the apex bank to rising costs and the need to improve efficiency of ATMs in the banking industry.
Economy
Okpebholo Threatening Me With Violence, Iâll Fight Back Says Obaseki
Okpebholo Threatening Me With Violence, Iâll Fight Back Says Obaseki
Okpebholo threatening me with violence, Iâll fight back says Obaseki. Godwin Obaseki, the immediate past governor of Edo, has accused Monday Okpebholo, his successor, of threatening him with violence. Obaseki spoke during the weekend at an event in London, the United Kingdom.
BACKGROUND
Since assuming office in November 2024, Okpebholo has initiated a series of actions aimed at scrutinising Obasekiâs tenure.
He first constituted a 14-member committee to investigate the assets, liabilities, contracts, and financial decisions made under Obaseki.
Okpebholo then expanded the scrutiny to the state civil service, ordering a probe into all recruitments conducted between May and November 2024, alleging a violation of due process.
Last week, Okpebholo asked the federal government to repatriate Obaseki to answer questions over public funds linked to the controversial Museum of West African Art (MOWAA) project.
âOKPEBHOLO THREATENING MEâ
Obaseki said the governor is threatening him with violence and allegedly sent thugs to attack him in the UK.
âThose who live by the sword will die by the sword,â Obaseki said. âAnd to tell the governor, Okpebholo, I donât know him; I have never met him. When you start with violence, you will reap violence.
âFor one year since I left office, I didnât say one word. I decided to respect myself and allow them to try [in governance] as well. Go and find out, you wonât see one thing I said about his government.â
He accused Okpebholoâs government of being behind the attack on diplomats during the exhibition in MOWAA.
âAs if that was not enough, the government paid people to come to Manchester to attack me,â he said.
âWho has started this violence? Is it me? Last week, this governor held a disgraceful press conference in which he threatened me not to come to Benin.

Obaseki
âThey have been threatening violence. So if I respond, nobody should hold me responsible. âI canât leave myself empty to be hurt and attacked by deranged people.
âSo I am going to fight back. I will fight back. I didnât start the fight. They are afraid. They know they did not win the election.â
Economy
Jigawa: 9,600 Teachers Register For Special Training
Jigawa: 9,600 Teachers Register For Special Training
Jigawa: 9,600 teachers register for special training. No fewer than 9,600 teachers under the Jigawa State Universal Basic Education Board (SUBEB) registered for a competency test to determine the specific training required to improve their skills and enhance teaching outcomes in the state.
The Executive Chairman of the Board, Professor Haruna Musa, revealed this while briefing journalists on the purpose of the examination, adding that 12,000 teachers were expected to register for the exam.
He explained that the state government, under the leadership of Governor Malam Umar Namadi, was committed to repositioning the state education sector as a key foundation for sustainable development, in line with its â12-Point Agenda.â
Prof. Haruna noted that while the government has been spending significant resources to improve educational infrastructure, meaningful learning improvements cannot be achieved without also enhancing the capabilities of teachers.
âBased on that, the State Executive Council approved for the board to organise a competency test for all teachers. This will enable us to understand the kind of training each teacher requires to improve his or her skillsâ.
âOut of the 9,600 teachers registered for the exam, over 70% have never attended any capacity-building training since they were employed, including some with over 15 years of service,â the Chairman added.

Teachers Register For Special Training
He stated that after the exam, the teachers will be categorised into three groups: Group A, those with both knowledge and teaching skills; Group B, those with knowledge but lacking teaching skills; and Group C, those lacking both knowledge and teaching skills.
âEach group will be offered specialised training. Those in Group C will undergo intensive training and subsequent examinations for a period to ensure they are equipped with the required knowledge and skillsâ.
âFor those with slower learning uptake, we will attach them to competent teachers within their schools for ongoing guidance and mentorship,â Prof Haruna said.
He further stated that the project is not about retrenchment, but his primary goal is to enhance teachersâ capacity for better learning outcomes within the stateâs basic education sector.
Economy
PFA: Leadway Pensure Leverages Innovations For Quality Service Delivery
PFA: Leadway Pensure Leverages Innovations For Quality Service Delivery
PFA: Leadway pensure leverages innovations for quality service delivery. A Pension Fund Administrator (PFA), Leadway Pensure said, it is leveraging innovation to escalate quality
service delivery to its retirement savings account (RSA) holders. This milestone marks 20 years of trust, exceptional service delivery, and value creation as it celebrates its anniversary. It highlights two decades of dedication to protecting the financial wellness of Nigerian workers.
Over the last 20 years, the PFA has served thousands of customers across Nigeria and beyond, standing as a clear testament to its commitment to providing financial stability at various stages of workersâ career journeys.
Speaking on this remarkable achievement, MD/CEO, Leadway Pensure PFA, Olusakin Labeodan, stated that: âAs we celebrate 20 years of Leadway Pensure PFA, this milestone is more than a celebration of longevity, it is a tribute to trust, service and innovation.
From the very beginning, our mission has been very clear, to deliver a pension system without barriersOver two decades, we have transformed this vision into reality by simplifying pension access, embracing cutting-edge technology, and ensuring our services are always within reach. With a nationwide presence, a robust mobile platform, and the AI-powered assistant LISA, we have made pension services accessible to eligible Nigerians.
âWe have supported countless customers in achieving life goals, from retirement to home ownership, by ensuring access, clarity and care at every step. This is a testament to the strong relationships and legacy we have built with every customer. Trust is at the heart of our service, propelling us to uphold world-class standards and earning us global certifications such as ISO/IEC 27001:2022 for information security, a mark of our unwavering commitment to safeguarding our customersâ funds. â

Leadway Pensure
Looking ahead, the company said, it is committed to promoting youth-focused financial literacy, growing personal pension plans and strengthening customer engagement across every stage of the pension journey.
âThe next years and beyond will be shaped by the same dedication that brought us this far, a future-forward mindset, a culture of excellence, and an unyielding promise to stand by our customers every step of the way,â Olusakin concluded.
As it commemorates 20 years of service, Leadway Pensure reaffirms its commitment to simplifying retirement planning, delivering consistent value, and driving financial inclusion across Nigeria.
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