On Sunday, July 6, 2025, U.S. President Donald Trump announced via Truth Social that any country aligning with the “Anti-American policies” of the BRICS bloc—comprising Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates—will face an additional 10% tariff on goods, with “no exceptions.” The statement, made […]
CBN Clarifies $50 NRBVN Processing Fee for Diaspora Nigerians, Dismisses Hidden Charge Claims
On Friday, July 4, 2025, the Central Bank of Nigeria (CBN) addressed speculations about fees for the Non-Resident Bank Verification Number (NRBVN) platform, launched in May 2025 with the Nigeria Inter-Bank Settlement System (NIBSS). Mrs. Hakama Sidi Ali, Acting Director of Corporate Communications, clarified that regular BVN enrollment for Nigerians in Nigeria remains free, while […]