ATM

By Muhammadu Sabiu 

The Portuguese prodigy, João Félix, is on the verge of turning his childhood dream into reality as he prepares to join FC Barcelona on a loan deal from Atlético Madrid. 

The football world is abuzz with excitement as Félix, who touched down in Barcelona today, is poised to put pen to paper on the contract later this evening, with medical examinations already in the pipeline. 

Anticipation is reaching a fever pitch at Camp Nou as fans eagerly anticipate the introduction of this young talent, set to dazzle in the iconic Barcelona colours. 

In an exclusive interview on July 18, Félix candidly shared, “I’ve always wanted to join Barça; it’s been my dream since I was a kid.” 

This remarkable transfer arrangement will temporarily see the 23-year-old forward bid adieu to his former club, Atlético Madrid, to proudly don the Barcelona jersey in the upcoming season. 

With Félix’s extraordinary skills and versatility, he is poised to be a prized addition to Barcelona’s squad, and his presence is expected to infuse renewed vigour into the team’s attacking prowess.  

By Muhammadu Sabiu

As a step toward implementing the naira redesign strategy, the Central Bank of Nigeria, CBN, has released a new cash withdrawal policy that states withdrawals over N100,000 and N500,000 will now be subject to 5% and 10% fees, respectively.

The apex bank also said that going forward, only denominations of N200 and lower will be accepted at ATMs.

All Deposit Money Banks, other financial institutions, primary mortgage banks, and microfinance banks received a letter on Monday from the director of banking supervision at the Central Bank of Nigeria (CBN), Haruna Mustafa.

A third-party check for more than N50,000 would not be accepted for payment, per the letter cited with the BSD/DIR/PUB/LAB/015/069. The daily cap for over-the-counter, OTC, and ATM withdrawals is N20,000.

The letter reads, “The maximum cash withdrawal over the counter (OTC) by individuals and corporate organizations per week shall henceforth be N100,000 and N500,000, respectively.

“Withdrawals above these limits shall attract processing fees of 5% and 10%, respectively; third-party cheques above N50,000 shall not be eligible for payment over the counter, while extant limits of N10,000,000 on clearing cheques still subsist; the maximum cash withdrawal per week via Automated Teller Machine (ATM) shall be N100,000 subject to a maximum of N20,000 cash withdrawal per day; Only denominations of N200 and below shall be loaded into the ATMs; The maximum cash withdrawal via point of sale (PoS) terminal shall be N20,000 daily and in compelling circumstances, not exceeding once a month, where cash withdrawals above the prescribed limits are required for legitimate purposes, such cash withdrawals shall not exceed N5,000,000 and 10,000,000 for individuals and corporate organizations.”