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CBN Orders That All PoS Terminals Across The Country Must Be Fitted With GPS Tracking Within The Next 60 Days

The Central Bank of Nigeria (CBN) has directed that all Point of Sale (PoS) terminals across the country must be geo-tagged within 60 days.

This is in a bid to curb fraud and improve oversight of the fast-growing PoS industry.

The directive, which affects licensed operators including Moniepoint, OPay, PalmPay, and commercial banks, requires that every PoS device currently in circulation be registered with its exact GPS coordinates. New PoS devices must also be geo-tagged before activation.

The CBN said any device that fails to meet the requirement by the October 20, 2025 compliance deadline will be deactivated.

“The move is meant to curb fraud, stop the use of cloned or ‘ghost’ terminals, and make it easier to track transactions in real time,” the CBN stated in a circular released to operators.

Under the new rule, all existing PoS devices must be updated with built-in GPS systems and linked to the National Central Switch, which will monitor their usage through a special software development kit (SDK).

Merchants will only be able to process payments within a 10-metre radius of their registered business addresses.

The CBN warned that any device found operating outside of its registered location will be shut down.

Operators such as Payment Terminal Service Providers (PTSPs) and mobile money companies will be held accountable for ensuring compliance across their networks.

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Entertainment News

Carter Efe’s Studio Catches Fire During Livestream

Nigerian comedian Carter Efe has been left in a state of shock after his studio was nearly gutted by fire.
The incident happened during a live broadcast and caused serious panic.
It happened as one of his friends attempted to pull off a magic stunt.
However, it went wrong leading to serious chaos.
They later were able to put off the fire.
Sharing the video, Efe wrote:
“Magician wan take my life💔💔😭😭😭😭”
Watch Below

Here

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Entertainment News

Being Away From My Son While Working Hurts So Much – Tiwa Savage

Nigerian singer Tiwa Savage has stated that she feels hurt being away from her son, Jamil Balogun.
She stated further that sometimes, she’s forced to be away from her son due to work.
Speaking during a question-and-answer session with fans on 𝕏, the singer revealed that her son understands and supports her career.
An 𝕏 user had asked how she manages to balance her music career, especially working on her album, with spending time with her only son, Jam Jam.
He wrote: “As a single mum doing music you tend to travel a lot, shows, recording sessions. How do you combine music, especially your album, with spending time with your only son Jam Jam?”
Tiwa is currently in Tokyo, Japan replied: “My baby is the sweetest boy on earth, he totally understands mommy has to work. Being away from him hurts me so much, but my lil man is so understanding. And when we get to spend time together, we live life to the fullest. We’re currently in Tokyo, Japan having the time of our lives.”
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Nigeria Immigration Service Increases International Passport Fee to N100,000

Nigeria Immigration Service has announced an upward review of the fee for international passport.
Starting September 1, the international passport fee will be increased from N50,000 to N100,000.
According to the Nigeria Immigration Service (NIS) this will be applicable to a 32-page passport with 5-year validity.
However, a 64-page passport with 10-year validity, which goes for N100,000, will now cost N200,000.
The increment takes effect from September 1, 2025.
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News

Strike threat: ASUU, VCs lament professors earning N525,000 monthly

After wrapping up its nationwide protests on Tuesday, the Academic Staff Union of Universities (ASUU) is preparing to hold congresses to determine its next steps.

This development comes ahead of a Federal Government meeting scheduled for today to address long-standing grievances tied to the renegotiated 2009 FGN-ASUU agreement, which fueled Tuesday’s protests across universities.

Earlier in the year, the Tinubu administration released ₦50 billion to clear earned academic allowances owed to lecturers and university staff.

Today’s meeting is expected to include the Minister of Education, Dr. Tunji Alausa; the Minister of Labour and Employment, Muhammadu Maigari Dingyadi; and officials from the National Salaries, Incomes and Wages Commission. The session aims to produce a timetable for signing and gradually implementing the renegotiated agreement alongside related reports.

According to government insiders in the Education and Labour ministries, discussions will center on harmonizing the Yayale Ahmed committee draft completed in December 2024 with the original 2009 agreement and subsequent recommendations, such as the Nimi Briggs report. Another key focus will be determining how to spread the financial obligations across the national budget while creating a legally binding framework.

Speaking on Wednesday, ASUU president, Prof. Chris Piwuna, stressed that the union expects genuine commitment from the government.

He said …

“I truly hope they will come up with something tangible. Our members are tired of words and no action.”

Piwuna, however, made it clear that ASUU was not invited to participate in today’s meeting.

He emphasized that the union had concluded its nationwide protests and was now set to convene congresses to determine its next course of action.

“We don’t have any meeting with the Federal Government tomorrow (today). It’s their meeting, we’re not involved. We have not received any invitation yet for a meeting with the Federal Government.

“However, we’ll let Nigerians know our next line of action after the protests. We operate from the bottom up. The protests are over, so we’ll go back to our members and ask them what is next, and we’ll do exactly what they want us to do as elected representatives,” he added.

Today’s meeting is taking place against the backdrop of persistent complaints by ASUU members over poor remuneration and the declining state of academia. Reports indicate that professors, who earn around ₦500,000 monthly, are forced to reside in officers’ quarters and sometimes struggle to board buses meant for students.

According to documents obtained by The PUNCH, the Consolidated University Academic Salary Structure shows that Graduate Assistants receive between ₦125,000 and ₦138,020 monthly, while professors earn between ₦525,010 and ₦633,333.

Assistant Lecturers earn between ₦150,000 and ₦171,487; Lecturer II between ₦186,543 and ₦209,693; Lecturer I between ₦239,292 and ₦281,956; Senior Lecturers between ₦386,101 and ₦480,780; and Readers between ₦436,392 and ₦522,212.

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News

“I was only 27” – Tony Elumelu on opportunity that changed his life forever

Chairman of Heirs Holdings and founder of the Tony Elumelu Foundation, Tony O. Elumelu, has revealed how an early opportunity in his career changed his life and laid the foundation for his later achievements in business and philanthropy.

Elumelu recalled that at just 27, he was appointed branch manager of the now defunct AllStates Trust Bank, a responsibility that was unusual for someone so young at the time.

According to him, the experience became a turning point.

The business mogul explained that the Nigerian banking sector of the 1990s was entering a period of transformation, and being trusted with such leadership at an early stage fueled his drive to empower the next generation.

He stressed that his dedication to youth empowerment through the Tony Elumelu Foundation was born out of that personal journey, noting that just as someone once invested in him, he is now committed to investing in young Africans.

“When I was 27, I was given the opportunity of a lifetime: I became a branch manager at AllStates Trust Bank, a young bank in Nigeria,” Elumelu wrote.

“Banking was beginning to change the country, it was the sector to be in, ripe for transformation, ready for disruption, for democratisation.

“At that time, few believed a 27-year-old could successfully lead a bank branch. But that opportunity changed the entire course of my life.

“It gave me confidence. It gave me a platform. Most importantly, it gave me perspective.

“That’s why today, I am passionate about giving young people the same chance I was given. Because I know what’s possible when someone believes in you early.

“This belief is at the heart of everything we do at The Tony Elumelu Foundation. It’s why we invest in young African entrepreneurs – because someone once invested in me.

“My journey didn’t begin with capital. It began with trust,” he added.

Elumelu urged continued belief in Africa’s youth, insisting they are “ready to lead, grow, and transform our continent.”

Let’s keep believing in Africa’s youth. They are ready to lead, grow and transform our continent,” he said.

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Entertainment News

Toke Makinwa welcomes first child

Congratulatory messages pour in for renowned media personality and TV host, Toke Makinwa, on the birth of her first child.

Earlier, 626Blaze reported that  Toke Makinwa recently announced she was expecting her first child via an Instagram post on August 13, 2025.

In a latest Instagram post, Toke Makinwa described motherhood as her most exciting moment.

Asserting that she’s experienced God’s goodness, Toke Makinwa described her daughter as her purpose, evidence, and reason, expressing excitement over her arrival.

“My hearts overflows with so much gratitude.Every single detail, down to your fingers and toes, he heard my prayers”, She stated in her post.

Sharing details of her daughter’s name, Toke Makinwa expressed her excitement about stepping into motherhood.

See below….

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Entertainment News

Peller found after being reportedly kidnapped

Popular Nigerian streamer, Peller has been found after he was reportedly kidnapped during live stream.

This was revealed by his colleague, Sandra Benede.

It was earlier reported that the TikTok content creator was taken away by some unknown men during his live stream.

However, in a recent video, Sandra Benede revealed that he has been found and is with the DPO.

Netizens’ reactions below …

@PrinceEndee said: “Welcome to Nigeria
Yall should improve your acting skills.
Ndi Ala”

@heisromanrave wrote: “Mumu peller wey dey stream for mid night alone how f0lish can a man be?”

@Iskingtv remarked: “Ah Thank you Jesus

I woke to hear the bad news,Na once sleep
Commot from my eyes

But hearing the Good news Kai I can now Sleep”

@olobacollins6 said: “Una really Dey whine us ,especially you with Strong akpu yansh ..”

@HausaTechTalk stated: “Thank God, that guy should be careful. He should not be going around anyhow, and he should be controlling his mouth.

I noticed he’s behaving arrogantly sometimes to people.”

@ImozemhePeniel remarked: “He’s a very rude boy

If he’s not careful he will get taken again

Heard all he was telling people with guns on his live stream”

@ritchiejhay said: “So with all the body guards he has
He was kidnapped?

Nice content sha
Make una sha chase this clout small small”

Check out post below …

Here

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Entertainment News

Peller reportedly kidnapped

Nigerian TikTok sensation, Habeeb Okikiola widely known as Peller reportedly kidnapped during livestream.

According to reports, the incident occurred on Wednesday night, August 27, 2025.

 

However, he urged the men, whose faces weren’t visible in the video, to keep calm, before letting out a loud scream.

In a recent development, popular TikToker, Jidex Klothing has confirmed the swirling rumors, stating that Peller was kidnapped by unknown men on his way from a restaurant.

“He went to buy food, then on his way back home, those people told him to stop and he stopped. Luckily he was even online”, He stated.

Watch video below….

Here

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Sport News

Grimsby Town pull major Carabao Cup upset, stun Manchester United 12-11 on penalties

Manchester United crashed out of the Carabao Cup in a stunning fashion, suffering a penalty shootout defeat to League Two side Grimsby Town, marking one of the biggest upsets in English football history.

Ruben Amorim’s men, already under pressure following a poor start to the season, were humbled in the second round as Grimsby triumphed 12-11 on penalties after a dramatic 2-2 draw in normal time.

The night began disastrously for United. In the 22nd minute, Charles Vernam struck low into the corner, his effort slipping through the hands of Andre Onana, whose weak form continues to worry supporters.

United looked dead and buried until late in the second half when Bryan Mbeumo opened his account for the club in the 75th minute, raising faint hopes of a comeback.

With just a minute left on the clock, Harry Maguire rose highest to nod in an equaliser from a corner, dragging the tie into penalties.

What followed was one of the longest and most nerve-wracking shootouts in Carabao Cup history.

After 25 spot-kicks, it was Grimsby who held their nerve, sealing a famous victory that will be remembered for years to come.