Author: Chronicle Editor

The Central Bank of Nigeria (CBN) has reviewed downward electronic transfer and ATM fees as well as card maintenance fees. The new charges were contained in the latest Guide to Charges by Banks and Other Financial Institutions just released by the CBN According to the CBN, bank customers will now pay N10 for electronic transfers below N5,000, and N25 for electronic transfer between N5,000 and N50,000. Only electronic transfer above N50,000 will attract N50 charge. Previously, bank customers pay N50 charge for electronic transfers below N500,000. Further, the CBN in the new Guide to Bank Charges, slashed charges for cash…

The Presidency reacted to the claims that Buhari’s administration has been hijacked and now at the mercy of a power-hungry cabal, saying no president can operate alone without having a team of close confidants. Presidential Spokesman, Malam Garba Shehu disclosed this at the weekend in Abuja during a dinner organized by the Press Corps of the ruling All Progressives Congress APC. According to him, in other climes, every president usually has a “Kitchen Cabinet”, but that in Nigeria, government antagonists would prefer to refer to such collection of self-sacrificing individuals as cabals. Shehu said; “What is the meaning of cabal?…

The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, has denied being in receipt of any correspondence from lawmakers of the United State of America over the re-arrest and continued detention of pro-democracy activist and convener of the RevolutionNow Protest, Omoyele Sowore. In a statement his media aide, Dr. Umar Gwandu signed and made available to newsmen on Sunday, Malami, insisted that no such letter got to his office before the close of work last Friday. Besides, he stressed that “foreign policy conventions do not support direct correspondence between the office of the Attorney-General of the…

Ahead of the governorship election in Edo State slated for 2020, a former governorship aide, Hon. Roland Igbadumhe has harped on the need for the electorate to look beyond the two major parties- The All Progressives Congress, APC, and the Peoples Democratic Party, PDP. Hon. Igbadumhe who served as Senior Special Adviser on Entertainment to the then governor, Comrade Adams Oshiomhole stated this yesterday in a chat with our correspondent in Abuja. Now a chieftain of the Social Democratic Party, SDP, on whose platform he ran for the Edo State House of Assembly Elections in 2018 and came third, Igbadumhe…

Western Lotto Nigeria Limited is seeking a Federal High Court order to stop the sale of games by others, lottery operators in the country to Ghana after it obtained exclusive rights to sell and promote Ghana Games in Nigeria. The company is daggers drawn with competitors after some of them claimed that the agreement between Western Lotto and LMC VAS Ghana, owners of the Ghana Games intellectual property is an attempt by Western Lotto Limited to appropriate the regulatory functions of the NLRC as the sole regulator of the lottery industry in Nigeria. Lottery operators opposed to Western Lotto also…

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A comeback win over Leicester City at the Etihad Stadium moved Manchester City a point behind the second-placed Foxes.

Roberto Firmino was Liverpool’s hero as they won their first Club World Cup with a 1-0 extra-time victory over Brazilian side Flamengo.

Everton have appointed Carlo Ancelotti as their manager on a four-and-a-half-year contract. The Italian, who was sacked by Napoli earlier this month, succeeds Marco Silva, who was dismissed by the Goodison Park club on 6 December. Ancelotti, a three-time Champions League-winning coach, returns to English football eight and a half years after he was sacked by Chelsea. “There’s a clear vision from the owner to deliver success,” he said. Duncan Ferguson, Everton’s caretaker manager during their search for Silva’s successor, will remain at the club as part of Ancelotti’s backroom team. Excited to share the news that I am joining Everton FC.…

The Insight by Lateef Adewole Firstly, let me use this auspicious occasion to congratulate our dear President Buhari on his 77th birthday, which took place on Tuesday 17th of December, 2019. It was a great delight to see him in his gait, well refreshed, hale and healthy. May the Almighty continue to strengthen him, give him long life and good health. He also needs all the wisdom to continue to pilot, “by himself”, the affairs of our beloved country. Congratulations, Mr. President! It might surprise many readers to see me write once again about our President Muhammadu Buhari. Without delving…