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  • Banking Sector Crackdown: CBN Imposes Stiff Fines for Cheque Violations

    Banking Sector Crackdown: CBN Imposes Stiff Fines for Cheque Violations

    Figures cited by Daily Post show that the Central Bank of Nigeria has introduced a new penalty regime for banks and printers found guilty of cheque-related violations. Under the new guidelines, infractions can now attract fines of up to N20 million, a significant increase from previous sanctions.

    Reporting by Daily Post indicates that the move is part of a broader effort to strengthen the integrity of the Nigerian payment system. The CBN is particularly concerned with the quality of cheque leaflets and the security features embedded in them, which are vital for preventing fraud and ensuring smooth interbank transactions.

    The apex bank warned that it would not hesitate to blacklist printers who fail to meet the required standards. Banks are also required to conduct more rigorous due diligence on their cheque clearing processes to protect customers from the rising wave of sophisticated financial crimes.

    Vanguard and ThisDay have verified the issuance of these new guidelines. Vanguard noted that “the policy aims to restore confidence in paper-based transactions,” while ThisDay quoted a banking executive stating, “these fines will force institutions to prioritize security over cost-cutting.”

    Echotitbits take: While the world is moving toward digital payments, cheques remain a staple for corporate transactions in Nigeria. This crackdown is a necessary evil to ensure the “old school” payment method doesn’t become the weakest link in the financial chain. Expect banks to pass on some of these compliance costs to corporate clients.

    Source: Channels TV – https://www.channelstv.com/2025/01/14/cbn-sanctions-banks-for-failing-to-dispense-cash-via-atms/, February 13, 2026

    Photo credit: Channels TV

  • International Tensions Rise as China Rejects Mining-Linked Terror Funding Claims

    International Tensions Rise as China Rejects Mining-Linked Terror Funding Claims

    According to Premium Times, the Chinese government has officially rejected allegations made by US lawmakers regarding illegal mining and terrorism financing in Nigeria. The rebuttal comes after a report suggested that some Chinese-owned mining operations in Northern Nigeria were providing financial support to insurgent groups to secure access to mineral-rich lands.

    In an update published by the same outlet, the Chinese embassy in Abuja described the claims as “baseless” and “politically motivated.” They maintained that Chinese companies operate within the legal framework of Nigerian law and contribute significantly to the country’s industrial growth and infrastructure development.

    The dispute has placed the Nigerian government in a delicate diplomatic position, as both the US and China are key economic and security partners. Meanwhile, the Federal Government has vowed to intensify its crackdown on all forms of illegal mining, regardless of the nationality of the firms involved, to protect national security.

    The Nation and Daily Post reported on the brewing diplomatic row. The Nation quoted a diplomatic source saying, “Nigeria must verify these claims independently to avoid being a pawn in global power play,” while Daily Post noted that “security agencies have already arrested several foreign nationals in connection with illicit mining.”

    Echotitbits take: The “resource curse” is taking a new dimension in Nigeria with these international allegations. If proven, the link between mining and terror could lead to heavy sanctions. Nigeria needs to urgently formalize its artisanal mining sector to prevent it from becoming a slush fund for insurgents.

    Source: Vanguard – https://www.vanguardngr.com/2026/02/china-denies-us-claims-of-illegal-mining-terror-funding-in-nigeria/, February 13, 2026

    Photo credit: Vanguard

  • Afrobeat Royalty: 2Baba and Natasha Dedicate First Child in Church Ceremony

    Afrobeat Royalty: 2Baba and Natasha Dedicate First Child in Church Ceremony

    In a colorful update published by The Punch, legendary Nigerian musician 2Baba (Innocent Idibia) and his wife, Natasha, held a high-profile church dedication for their first child together. The ceremony, which took place in Lagos, was attended by a galaxy of stars from the entertainment industry, making it the most talked-about social event of the week.

    Reporting by The Punch indicates that the couple, who have kept much of their private life out of the headlines recently, shared emotional moments during the service. 2Baba expressed gratitude for the new addition to his family, while Natasha’s presence highlighted the couple’s unity amidst long-standing public interest in their relationship.

    Videos from the event have since gone viral on social media, showing the couple dressed in elegant traditional attire. The dedication marks a joyful milestone for the singer, who remains one of the most influential figures in African music history.

    Vanguard and Channels TV also covered the celebrity event. Vanguard described the ceremony as “a beautiful blend of faith and glitz,” while Channels TV reported that “the event briefly shut down social media as fans sent in thousands of congratulatory messages.”

    Echotitbits take: 2Baba’s ability to remain relevant and beloved after decades in the industry is a testament to his brand. This personal milestone provides a positive narrative for the veteran artist, reminding fans of the human side of the “African Queen” crooner.

    Source: Legit.ng – https://www.legit.ng/entertainment/celebrities/1696676-joy-2baba-wife-natasha-osawaru-dedicate-son-church-god/, February 13, 2026

    Photo credit: Legit.ng

  • Federal Government Unveils Farmer Moni Scheme to Boost National Food Security

    Federal Government Unveils Farmer Moni Scheme to Boost National Food Security

    Figures cited by The Nation show that the Federal Government has officially launched the “Farmer Moni” Dry/Wet Season Programme, alongside the Renewed Hope Government Enterprise and Empowerment Programme (RH-GEEP 3.0). The initiative is a cornerstone of the administration’s social investment strategy, aimed at providing direct financial support to 300,000 farmers across the country.

    Reporting by the same outlet highlights that the program is designed to bridge the funding gap for smallholder farmers, particularly in the face of rising input costs and climate-related challenges. The funds are expected to be utilized for the procurement of high-yield seeds, fertilizers, and modern farming equipment to enhance agricultural productivity.

    The Ministry of Humanitarian Affairs and Poverty Alleviation, which oversees the project, emphasized that the selection process was digitized to ensure transparency and eliminate middle-men. This move is seen as a vital step in mitigating the current food inflation crisis and ensuring a steady supply of staples in the domestic market.

    Tribune Online and Daily Post validated the launch, emphasizing the regional distribution of the funds. Tribune Online mentioned that “the program leads a global push for youth and women investment,” while Daily Post reported a government spokesperson saying, “our goal is to make farming a profitable business for the grassroots.”

    Echotitbits take: While the Farmer Moni scheme is a welcome relief, its success hinges on efficient disbursement and the security of the farmlands. Insecurity remains the biggest threat to agricultural output in Nigeria; without addressing the “mining marshals” and banditry issues, financial aid alone may not lower food prices.

    Source: Vanguard – https://www.vanguardngr.com/2026/02/fg-launches-n300000-interest-free-loans-for-22000-farmers-opens-portal-across-774-lgas/, February 13, 2026

    Photo credit: Vanguard

  • Controversy Erupts Over Attempted Airport Detention of Former Governor El-Rufai

    Controversy Erupts Over Attempted Airport Detention of Former Governor El-Rufai

    According to Premium Times, security agents attempted to intercept and arrest Nasir El-Rufai, the former Governor of Kaduna State, at the Nnamdi Azikiwe International Airport in Abuja. The incident occurred as the former governor was preparing to board a flight, leading to a tense standoff between his aides and the security personnel on site.

    In an update published by his media team, it was alleged that the agents attempted to seize El-Rufai’s passport without a valid warrant. The former governor has since spoken out, describing the incident as an example of “executive overreach” and a threat to the democratic rights of citizens who hold opposing views to the current administration.

    The situation has sparked widespread debate across the political spectrum, with allies of the former governor claiming the move was politically motivated. Conversely, security sources have remained tight-lipped about the specific reasons for the attempted detention, though rumors of investigations into past administrative actions continue to circulate.

    Vanguard and The Sun also covered the confrontation at the airport. Vanguard noted that “the heavy security presence caused a temporary stir at the terminal,” while The Sun featured a quote from an aide saying, “we will not allow the rule of law to be trampled upon by faceless agents.”

    Echotitbits take: This incident highlights the deepening friction between the federal government and influential political figures ahead of the 2027 election cycle. It raises concerns about the use of state apparatus for political intimidation. Keep an eye on the Department of State Services (DSS) for an official statement, as this could lead to a protracted legal battle.

    Source: BBC – https://www.bbc.com/pidgin/articles/cn87g9n875jo, February 13, 2026

    Photo credit: BBC

  • Central Bank Targets Exchange Rate Stability With New BDC Dollar Supply

    Central Bank Targets Exchange Rate Stability With New BDC Dollar Supply

    Reporting by BusinessDay indicates that the Central Bank of Nigeria (CBN) has reopened its foreign exchange window for Bureau De Change (BDC) operators. This strategic move is designed to narrow the widening gap between the official and parallel market rates, providing much-needed liquidity to the retail segment of the currency market.

    In an update published by the same outlet, the apex bank’s decision follows a period of heightened volatility that saw the Naira under significant pressure. By channeling funds directly through licensed BDCs, the CBN aims to decentralize access to foreign currency for small-scale users and travelers, thereby curbing speculative activities that have historically fueled inflation.

    Market analysts suggest that this intervention, coupled with the ongoing “clean-up” of the BDC sector, reflects a more aggressive stance by the regulator to maintain macroeconomic stability. The reopening of the “dollar tap” is expected to provide immediate relief to businesses that rely on the informal market for their foreign exchange needs.

    The Punch and The Nation have confirmed this development, noting the positive reception from financial stakeholders. The Punch reported that “operators expect the move to significantly reduce the premium between markets,” while The Nation quoted a source stating, “this is a vital step toward achieving a realistic exchange rate for the 2026 fiscal year.”

    Echotitbits take: This intervention is a reactive measure to the recent currency slide. While it offers short-term liquidity, the long-term stability of the Naira depends on Nigeria’s ability to boost non-oil exports and attract foreign direct investment. Watch for the CBN’s next Monetary Policy Committee (MPC) meeting to see if interest rates will be adjusted to complement this liquidity injection.

    Source: BusinessDay – https://businessday.ng/news/article/cbn-approves-150000-weekly-fx-sales-to-bdcs/, February 13, 2026

    Photo credit: BusinessDay

  • Thomas Tuchel Extends England Stay Through Euro 2028

    Thomas Tuchel Extends England Stay Through Euro 2028

    In a statement shared by Sky Sports, Thomas Tuchel has officially signed a contract extension to remain as the head coach of the England national team. The deal will keep the German tactician at the helm of the Three Lions through the end of the Euro 2028 tournament, ending months of speculation about his future following the recent World Cup cycle.

    Tuchel, who took over the role with high expectations, has reportedly won over the FA hierarchy with his tactical flexibility and his ability to integrate the next generation of English talent. The extension comes as a boost to the squad as they prepare for the upcoming UEFA Nations League and qualifying rounds for the next major tournaments.

    The decision has been met with a mix of approval and scrutiny from the English media. While his record has been solid, some “traditionalist” voices still argue for an English manager, though Tuchel’s results on the pitch have largely silenced his critics for now.

    The extension also means Tuchel will oversee the transition of several veteran players as the team builds toward 2028. With England possessing one of the most talented rosters in world soccer, the pressure will be on Tuchel to deliver a major trophy within this new contract window.

    * The Mirror (Sport): “Tuchel signs England contract extension… FA confirms he will lead the team through to Euro 2028.”

    * BBC Sport: “Thomas Tuchel to stay on as England manager… new deal finalized this Thursday morning.”

    Echotitbits take:

    The FA is clearly opting for stability over another “reset.” By locking Tuchel down until 2028, they are giving him a full four-year cycle to implement his philosophy. For Nigerian fans of the Premier League and English soccer, this means a continued focus on the high-pressing, tactical game that Tuchel mastered at Chelsea. The big question remains: can a non-Englishman finally bring football “home”?

    Source: Sky Sports — https://www.skysports.com/football/news/11095/13506620/thomas-tuchel-england-boss-signs-contract-extension-until-2028 February 12, 2026

    Photo Credit: Sky Sports

  • Floetry Reunites for First National U.S. Tour in a Decade

    Floetry Reunites for First National U.S. Tour in a Decade

    According to PR Newswire, the iconic neo-soul duo Floetry—comprising Marsha Ambrosius and Natalie “The Floacist” Stewart—is officially returning to the stage together. The “Say Yes” Tour marks their first national run in the United States since 2016, a moment fans of early 2000s R&B have been waiting for for years.
    The 16-city tour, produced by the Black Promoters Collective, is set to kick off in April 2026 in Newark and will feature supporting acts Raheem DeVaughn and Teedra Moses. The announcement has sent waves through the soul and hip-hop community, as the duo is credited with pioneering the blend of spoken word and melodic R&B.
    For years, rumors of a rift between the two artists kept them apart, with both pursuing successful solo careers. However, this reunion signifies a “celebration and a revival,” aimed at bringing their platinum-selling sound back to an audience that has remained loyal through their decade-long hiatus.
    Presale tickets went live on Thursday morning, with general sales scheduled for Friday. The tour is expected to be an intimate, “soul-forward” experience, focusing on the lyrical depth and vocal harmony that made them a staple of the neo-soul movement.
    * 1070 WDIA (Entertainment News): “Iconic Duo Returns to the Stage for the First Time Since 2016… joined by Raheem DeVaughn and Teedra Moses.”
    * Black Promoters Collective (Official): “Floetry’s work helped normalize poetry as a lead voice in R&B… we are proud to produce this revival.”
    Echotitbits take:
    The “reunion tour” trend is hitting its peak in 2026, but Floetry’s return feels particularly significant for the R&B community. Their influence on the “poetic soul” sub-genre is massive, and with the current resurgence of 90s and 2000s aesthetics, this tour is timed perfectly. It’s a chance for them to reclaim their throne before a new generation of soul artists who grew up on their “Floetic” album.

    Source: PR Newswire — https://www.prnewswire.com/news-releases/floetry-announces-2026-the-say-yes-tour–first-national-run-together-in-a-decade-302686599.html February 12, 2026

    Photo Credit: PR Newswire

  • Nkubi’s Wife Shares Emotional Story of Dwarfism and Family Pressure

    Nkubi’s Wife Shares Emotional Story of Dwarfism and Family Pressure

    A TikTok video by @nkubi_wife has gone viral after she shared the heart-wrenching advice she allegedly received regarding her marriage to popular Nollywood actor and OAP, Nkubi. In the emotional clip, she revealed that she was once advised by a medical professional to seek a pregnancy outside of her marriage due to her husband’s dwarfism.
    She explained that the pressure wasn’t just external; some voices suggested she should even consider his brother-in-law to ensure her children wouldn’t inherit her husband’s physical condition. The revelation has sparked a massive wave of support for the couple, who have been vocal about their love despite societal prejudice.
    Nkubi, known for his roles in various Nollywood productions and his work at Wazobia FM, has often spoken about the challenges of living with dwarfism. However, this is the first time his wife has shared such specific details about the medical and social hurdles they faced while trying to build their family.
    Fans have flooded the comments section of her posts, praising her loyalty and slamming the “insensitive” advice of the unnamed doctor. The couple continues to be a symbol of resilience in the Nigerian entertainment space, frequently sharing moments of their happy domestic life to counter the negativity.
    * Naija News (Entertainment): “Doctor advised me to get pregnant outside… Nkubi’s wife opens up about the struggles of dwarfism in marriage.”
    * Leadership Nigeria (Lifestyle): “Doctor Wanted Me To Get Pregnant Outside… Nkubi’s Wife Opens Up… couple continues to thrive.”
    Echotitbits take:
    This story sheds light on the deep-seated stigma surrounding physical disabilities in Nigeria, even within professional medical circles. By speaking out, Nkubi’s wife is challenging the narrative that people with dwarfism cannot have healthy, “normal” families. It’s a powerful viral moment that shifts the focus from celebrity gossip to a much-needed conversation about disability rights and marital loyalty.
    Source: Naija News — https://www.naijanews.com/2026/02/12/doctor-advised-me-to-get-pregnant-outside-or-go-to-my-brother-in-law-nkubis-wife-opens-up/ February 12, 2026
    Photo Credit: Naija News

  • Giannis Antetokounmpo Launches “FR34K Gummies” Candy Line

    Giannis Antetokounmpo Launches “FR34K Gummies” Candy Line

    In a post shared by @giannis_an34 on Instagram, NBA superstar Giannis Antetokounmpo has officially transitioned from being a candy enthusiast to a “candy man.” The Milwaukee Bucks forward announced the launch of “Giannis FR34K Gummies,” a premium candy line created in partnership with Candy Funhouse, a company he became an owner of in 2023.

    The “Greek Freak” shared that this business move is deeply personal, rooted in his well-documented love for sweets and his desire to create something his children can enjoy. The gummies even feature shapes modeled after his own face, adding a signature touch to the product line that launched this Thursday.

    Giannis revealed that he has been involved in the creative process for a long time, ensuring the flavors and packaging reflected his personality. The product is being released under the “Candy Fun Street” platform, targeting fans who want a piece of the superstar’s lifestyle off the court.

    While Giannis is currently dealing with a minor injury that has kept him out of some recent games, his business portfolio continues to expand. The launch of the gummies marks his latest venture in the consumer goods space, further solidifying his brand as a global entrepreneur.

    * Fox Sports (NBA): “Giannis Antetokounmpo goes from candy fan to candy man… says it means something to him and his family.”

    * AP News (Sports/Business): “Milwaukee Bucks All-Star unveiled the Giannis FR34K Gummies… realization of a long-term dream.”

    Echotitbits take:

    Giannis is following the classic “superstar-to-mogul” blueprint, but with a uniquely playful twist that fits his public persona perfectly. Unlike the more serious tech or real estate investments of his peers, a candy line is approachable and highly marketable to the NBA’s younger demographic. Watch for this to become a staple in stadium concessions and a case study in authentic athlete branding.

    Source: Fox Sports — https://www.foxsports.com/articles/nba/giannis-antetokounmpo-goes-from-candy-fan-to-candy-man-with-his-own-line-of-gummies February 12, 2026

    Photo Credit: MassLive