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NIBSS Reduces Bank Electronic Transfer Fees

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The Nigerian Inter-Bank Settlement System has slashed its transaction processing fee for NIBSS Instant Payment from N5 to N3.75k effective July 1, 2023.

 

The central payment gateway in the country stated that it was reducing its fees to drive financial inclusion and support innovation.

 

The document which was signed by the Managing Director/Chief Executive Officer, Premier Oiwoh, and the Executive Director, Business Development, Ngover Ihyembe-Nwankwo, read in parts, “We are delighted to inform you that the board and management of Nigeria Inter-Bank Settlement Plc has approved a further reduction in the transaction processing fees on NIBSS Instant Payment from N5 to N3.75k effective July 1, 2023.

 

“In line with our commitment to drive financial inclusion and support innovation, we are also embarking on a volume-driven discount regime to complement this fee reduction and further details will be communicated in due course.”

 

The NIBSS enables financial transfers in the country, and the NIP is what ensures that anyone can get a transferred sum instantly.

 

Currently, banks charge a minimum of N10 as NIP charges. Efforts to reach the Head, Corporate Communications, NIBBS, Lilian Phido, to confirm and provide more insight on the move proved abortive.

 

On its website, the NIBSS stated, “NIBSS Instant Payments is an efficient person-to-person; a person-to-business; business-to-business funds transfer service that guarantees instant value to beneficiaries.”

 

According to the NIBSS, cashless transactions increased by 44.84 per cent to N126.73tn in the first quarter of 2023 from N87.49tn in the corresponding period of 2022.

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World Environment Day- OGWAMA Warns against  Indiscriminate  Waste. Dump

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As the world celebrate this year’s World Environment Day today,the Ogun State Waste Management  Authority OGWAMA as urged residents of the States to keep their environment clean and stop indiscriminate dumping of waste in public places and imbibe proper waste disposal.

Special Adviser to the Governor and Managing Director of the Ogun State Management Authority OGWAMA, Honorable Farouk Akintunde stated this in a statement to mark the 2026 World Environment Day.

He said indiscriminate dumping of waste in public and unauthorized places breeds untidy, unhealthy environment which are inimical to public safety and retard economic growth of the society.

Akintunde also advised them to imbibe proper waste disposal by patronizing Waste PSP assigned to their immediate community for proper waste disposal for just a token instead of them to use the cover of the night to dump them in discriminately on the median,roadsides and public places which he says deface the aesthetic beauty of the State.

‎ “Ogun state residents are known as clean and fun-loving people.We should not allow few of us to dent our pride through their untoward attitudes and behaviors,so when we see them dumping indiscriminately in our environment we should say  something”

‎  “We will on our part continue to do our best in terms of proper waste  management through sensitization and advocacy as we urge all residents to containerize their waste for easy collection by government accredited PSP”

‎”For industries domiciled in the state, let me remind them of the need to allow government accredited PSP assigned to them to perform their statutory duties instead of patronizing illegal PSP which will attract sanction when they are caught by our enforcement team as OGWAMA will not allow them  to turn the state to dumpsites for illegal industrial waste some of which are not environmentally friendly” Akintunde added.

 He did not forget to remind all residents of the State that Ogun State Waste Management Authority will step-up it enforcement activities in all nooks and crannies of the state to maintain a clean,safe and healthy environment .

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International News

Barca Transfermarket Values: Raphinha, 8 Others Drop, 3 Players Rise

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June 5th, Transfermarkt updated. The new market values of Barcelona players. Three players increased and nine decreased, with Raphinha dropping by 10 million to 70 million euros.

 

Increase (Euros)
Joan-Garcia increased by 5 million to 45 million

Eric-Garcia increased by 5 million to 40 million

Gerard-Martin increased by 10 million to 35 million

Decrease (Euros)
Raphinha decreased by 10 million to 70 million

Kounde decreased by 5 million to 60 million

Balde decreased by 5 million to 50 million

De Jong decreased by 10 million to 35 million

Casado decreased by 2 million to 18 million

Christensen decreased by 1 million to 8 million

Cancelo decreased by 1 million to 8 million

Lewandowski decreased by 1 million to 7 million

Szczesny decreased by 100,000 to 800,000

Unchanged (Euros)
Yamal 200 million

Pedri 150 million

Fermin 100 million

Cubarsi 80 million

Olmo 60 million

Ferran Torres 50 million

Rashford 40 million

Gavi 30 million

Bernal 30 million

Araujo 20 million

Bardghji 15 million

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Entertainment

Singer Niniola Laments Husband’s Death

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Singer Niniola Apata has opened up about her late husband, Michael Ndika, and the central role he played in her music career and personal life.

 

Speaking in a video at a gathering held in his honour, Niniola recounted how their relationship shaped her growth as an artist and as a person.

Ndika, CEO of African music platform NaijaReview, died on May 19, 2026 at 44.

She said he was her strongest supporter from day one even when she considered stepping away from music, he pushed her to continue.

According to her, Ndika believed in her talent and vowed to make her a star.

Niniola described their bond as inseparable, stressing how he was part of her daily routine and her main source of emotional support. Since his death, she said, her life has changed completely.

She thanked his family for embracing her and admitted that coping with the loss has been hard.

Reflecting on their marriage, she called it a love story.

She said Ndika gave her everything and lived for her and while she was the face and voice of her brand, he was the engine behind it.

She said: “My story with Michael is a love story. Michael did everything for me. Everything was for me, he was breathing for me. He loved me, I loved him so much. And I learned so much from Michael. But Michael met me raw, and he said, I’ll make you a superstar.’ And he did. I was just the face and the voice, but Michael was the engine.

“Even when I decided to, you know, give music a break, he didn’t let it. The first person I saw in the morning was Michael. And the last person who closed my eyes at night was Michael. So now what do I do? Tell me, what do I do? Michael was the best thing, the best person that ever happened to me.”

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