FLASH: CBN Releases New Daily Transactions Limit For POS Agents 

The Central Bank of Nigeria has introduced new operational guidelines for agent banking across the country, capping daily cumulative transactions per agent at N1.2 million. The revised framework, released on Monday, also mandates all financial institutions to submit monthly reports on the activities of their Point-of-Sale agents to enhance oversight and service quality. The Circular…

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JUST-IN: CBN Fines Nine Banks N150m Each For ATM Cash Shortages

The Central Bank of Nigeria (CBN) has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability via Automated Teller Machines during the festive season. Each of the banks was fined N150m following spot checks that revealed non-compliance with the apex bank’s cash distribution guidelines. The affected banks include Fidelity…

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23-Year-Old American Climber Dies While Climbing 3000-Foot Granite Wall In Yosemite National Park

American climber Balin Miller has died at the age of 23 while attempting a climb in Yosemite National Park, his family confirmed on Thursday. Miller was on El Capitan, the park’s iconic 3,000-foot granite wall immortalized by Alex Honnold’s Free Solo, when the fatal accident occurred during his ascent of the “Sea of Dreams” route….

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