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International Transactions Resume on Naira Cards Following Years of Suspension by Banks

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International transactions on Nigerian naira cards have resumed, according to announcements from two commercial banks.

United Bank of Africa (UBA) and Wema Bank informed their customers separately that the service has resumed for their naira cards.

The change occurred around three years after numerous banks stopped allowing foreign transactions using Naira debit cards.

The restart is consistent with UBA’s ongoing commitment to offering consumers smooth and improved banking experiences, the bank said in a recent message to customers.

As part of our ongoing efforts to give you smooth and improved banking experiences, we are happy to notify you that all UBA Premium Naira Cards—including the Gold, Platinum, and World versions—can now be used for overseas transactions, the message says.

With greater ease and flexibility, you can now use your Premium Naira Card for regular payments, online shopping, point-of-sale (POS), and ATM transactions worldwide.

It’s a perfect opportunity to rediscover the convenience and prestige that come with being a UBA premium cardholder if you haven’t used your card recently.

Customers can now “pay in dollars” using their naira cards, Wema Bank announced in a recent statement after the breakthrough.

Just now, your Wema Naira Mastercard went worldwide! You may now pay in dollars on all of your favorite international websites, including AliExpress, eBay, and Amazon. YouTube, Netflix, and Spotify,” the bank stated.

The reasons behind the shift in banks

According to Ayokunle Olubunmi, head of financial institutions ratings at Agusto & Co., banks’ decision to reactivate their naira crads for international transactions was bolstered by the increased liquidity in the foreign exchange (FX) market.

He stated that the decision was partly influenced by the reducing premium on parallel market trades and the diminished arbitrage potential.

The chief executive officer (CEO) of Cowry Treasurers, Charles Sanni, also told that the banks’ choice might have been impacted by the thinned-out margin or difference between official and parallel market rates.

Read Also: Obi’s ADC Alliance Gets Backing from Enugu LP Despite Abure’s Stand

According to him, Nigeria has extremely high interest rates, therefore borrowing money to speculate on foreign exchange is discouraged.

The value of the naira has also kept rising in relation to the other foreign currencies. In addition, he said that the Central Bank of Nigeria’s (CBN) new policy regarding the opening of accounts for non-residents, especially Nigerians living abroad, has led to a rise in remittances from the diaspora.

Following the ease of capital repatriation and money transfers, Sanni also mentioned the federal government’s and the CBN’s renewed trust in FX management.

Nigeria has improved its credit rating, cleared its foreign exchange backlogs, and has a “new trading platform, increase in oil prices from geopolitical conflicts, and banks capitalization,” according to the CEO.

International transactions on ATMs and POS channels were also temporarily halted by a number of other banks between July 2022 and January 2023.

The long-term FX shortage, which endangered the existence of important economic sectors, caused the change.

Standard Chartered Bank stopped allowing foreign transactions on its Naira Visa debit card in July.

The First Bank of Nigeria (FBN) announced on September 21, 2022, that it would stop allowing foreign transactions using their Mastercard.

On January 9, 2023, Zenith Bank joined the fight when Guaranty Trust Bank (GTBank) suspended international payments on their naira Mastercard three months later.

Similar actions were taken by Flutterwave, Eversend, and other financial technology providers, who suspended their virtual card services for transactions conducted internationally.

Obi’s ADC Alliance Gets Backing from Enugu LP Despite Abure’s Stand

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The opposition alliance led by the African Democratic Congress (ADC) has received official backing from the Labour Party (LP) chapter in Enugu.

Internal LP tensions have been heightened by threats from a section led by Julius Abure to impose sanctions on Peter Obi, the party’s 2023 presidential candidate, for his involvement in the new opposition coalition.

Kingsley Ugwu, the acting state chairman of the LP, wrote a letter on July 3, 2025, stating that the party is supporting the coalition in order to create a better Nigeria.

“We are happy to announce that the Labour Party Enugu State has formally joined the coalition to work with our principal, Peter Obi, to contribute to the movement for a better Nigeria,” the letter said.

“The party’s desire for unity and collaboration in the interest of national development is the foundation of the decision to align with the coalition,” Ugwu said.

We’re thrilled to report that we can now start promoting the ADC agenda in all 160 wards of Enugu State as part of this endeavor,” he continued.

The alliance, he added, aims to encourage community involvement on matters that are important to Nigerians and to advance a common vision for a better country.

Read Also: Phrank Shaibu: Tinubu’s Leadership Has Weakened Nigeria’s Global Influence

Ugwu declared, “We think that by cooperating, we can create a better future for our state and our country.”

Obi and a number of other well-known Nigerian politicians were seen at the Abuja event on Wednesday where the ADC was unveiled as the opposition coalition’s platform.

Former All Progressives Congress (APC) national chairman John Oyegun, former vice president Atiku Abubakar, former interior minister Rauf Aregbesola, former Sokoto governor Aminu Tambuwal, and former senate president David Mark—who is currently the ADC’s interim national chairman—were among those in attendance.

Phrank Shaibu: Tinubu’s Leadership Has Weakened Nigeria’s Global Influence

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According to Phrank Shaibu, former Vice-President Atiku Abubakar’s personal assistant on public relations, Nigeria has lost its significance on the international stage under President Bola Tinubu.

Shaibu said in a statement on Friday that Tinubu’s foreign policy shortcomings are being “scathingly judged” by Nigeria’s exclusion from a summit between US President Donald Trump and five African leaders.

In order to discuss business prospects, Trump has invited the leaders of Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal to the White House on July 9.

Shaibu stated that Nigeria’s exclusion from the list was “a staggering symbol of the Tinubu administration’s failure on the international stage” rather than a diplomatic blunder.

The Trump administration’s exclusion, he claimed, is not a diplomatic blunder.

It’s a verdict, both shocking in its suggestion and devastating in its symbolism. An assessment of Bola Ahmed Tinubu’s controversial ECOWAS chairmanship, his unstable administration, and the total collapse of Nigeria’s diplomatic significance.

He claimed that Nigeria, a former continental powerhouse, is now “an afterthought” in world affairs.

According to him, “Tinubu left the 15-member ECOWAS in a desperate situation, with three countries leaving and 40% of its land mass already gone.”

“From African giant to diplomatic phantom—Tinubu has done it all.” He has squandered our legacy, diminished our reputation, and stifled our voice globally.

Read Also: INEC’s Review Guidelines Flawed – Yiaga Africa Pushes for Inclusive Electoral Reform

He claimed that under Tinubu’s leadership, Nigeria “is invisible” while South Africa negotiates trade agreements with Washington.

The coalition led by the African Democratic Congress (ADC) will free Nigeria from the rule of “urban bandits,” Shaibu continued.

“We refuse to participate in our own erasure,” he declared.

The harm is extensive, but our commitment is as strong. Furthermore, the effort to restore Nigeria’s honor has already commenced.

The All Progressives Congress (APC) will lose the 2027 presidential election, Shaibu said Tuesday, because of growing hunger and economic hardship.

Nigerians are already calculating the costs of bad governance, he continued, and they will vote against the ruling party.

“Hunger cannot be concealed by propaganda.” As he put it, “No PR can spin poverty.”

INEC’s Review Guidelines Flawed – Yiaga Africa Pushes for Inclusive Electoral Reform

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Yiaga Africa is concerned about the Independent National Electoral Commission (INEC)’s recently announced extra guidelines for reviewing election result announcements.

On Thursday, INEC issued further norms and procedures for the review of election results, as authorized by Section 65 of the Electoral Act 2022.

Yiaga Africa applauded INEC’s move as “a positive step towards ensuring administrative safeguards for electoral integrity” in a statement issued by its executive director, Samson Itodo.

However, the agency warned that several aspects in the new rules could undermine the reforms it hopes to implement.

Yiaga Africa highlighted worries about inclusivity, pointing out that the criteria only allow resident electoral commissioners, returning officers, and national commissioners to submit reports for election result review.

The group termed this as a “exclusionary provision” that essentially excludes political parties, candidates, accredited observers, and their agents, even if they have strong evidence of manipulated or illegal disclosures.

“By restricting the activation of the power of review to reports filed by INEC officials, some of whom may be complicit in the very infractions that warrant review, is counterproductive,” according to the release.

Read Also: ‘You can’t serve two masters’ — Bode George Blasts Atiku, PDP members over ADC coalition

“Evidence from recent elections revealed instances where electoral officers acted in blatant defiance of INEC’s directives, engaged in the manipulation of results, or abdicated their duties, thereby undermining the integrity of electoral process.”

Yiaga Africa has consequently called on INEC to quickly revise the criteria to increase the scope of eligible persons or institutions entitled to submit reports that may trigger the review process.

“The scope should include political parties, candidates, accredited party agents, and observers present during the collation process. “This will improve transparency, promote electoral justice, and reaffirm INEC’s commitment to credible elections,” the statement continues.

‘You can’t serve two masters’ — Bode George Blasts Atiku, PDP members over ADC coalition

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Party members in the opposition alliance led by the African Democratic Congress (ADC) have been targeted by Bode George, the former deputy national chairman of the Democrats.

George stated during his appearance on Channels Television’s Sunrise Daily program on Friday that it was intolerable for PDP members, including Atiku Abubakar, to continue to be affiliated with the coalition movement while still being members of the party.

As the Bible says, you cannot serve two masters. Serving A or serving B is your option. It is a misconception, however, to claim that you are in A and B, George stated.

He charged Atiku and former Senate President and ADC coalition leader David Mark with being central to the internal disputes plaguing the PDP.

According to George, the alliance led by the ADC lacked the unity and organization necessary to be a legitimate opposition force.

He claimed that it is nothing more than existential imbecility, or occasionally existential docility.

What is the reason behind their attendance? Your father lives here. The mansion elevated you to the spotlight. This same house gave you all the honors and recognition you deserve.

“Is quitting the cultural thing to do when there is a small crisis? But you remain there. When a leak occurs in your home, do you run out? You’re the landlord, not them.

Read Also: NNPP Still Home for Kwankwaso, No Plans to Join APC or PDP – Galadima

Have they have an idea? Could you tell me their plan? That tactic is classless.

The PDP chieftain also recalled the circumstances that led to the party’s presidential primary in advance of the general election in 2023, characterizing them as the crisis’s origin.

“General Buhari had just finished his eighth year when we held the last convention. After eight years, a Northerner had just ended, thus we turned down Atiku Abubakar’s request to compete,” he stated.

Peter Obi was in the South. This was where the problem started.

George stated that Iyorchia Ayu, the party’s national chairman at the time, and Mark, the convention’s chair, ought to be held responsible for the consequences.

Naturally, you can’t get away with doing such things. Then I cautioned against it,” he continued.

Members of the coalition declared the ADC as their 2027 electoral platform on Wednesday.

A number of prominent PDP members attended the event, including former Sokoto governor Aminu Tambuwal, former Kogi senator Dino Melaye, Ovation magazine editor Dele Momodu, former Benue governor Gabriel Suswam, and former PDP national chairman Uche Secondus.

NNPP Still Home for Kwankwaso, No Plans to Join APC or PDP – Galadima

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Rabiu Musa Kwankwaso would stay with the New Nigeria Peoples Party (NNPP) in spite of increasing pressure from rival political factions attempting to entice him to leave, according to Buba Galadima, a party chieftain.

Arise Television’s “The Morning Show” featured an interview with Galadima on Friday.

Kwankwaso’s intention to join the ruling All Progressives Congress (APC) has been the subject of recent reports; some have connected this development to Abdullahi Ganduje’s eventual departure as NPC chairman.

The Peoples Democratic Party (PDP), APC, and coalition members have all made attempts to court Kwankwaso, according to Galadima, a close acquaintance of the former NNPP presidential contender.

As others try to entice Kwankwaso to join their ranks, he claims that by sticking with the NNPP, he has demonstrated discipline and loyalty.

“Until the political scandal is exposed, we will strategically stay in the NNPP,” Galadima declared.

Read Also: Aliyu Bello Restrained by Court from Parading as APC Chairman in Nasarawa

Our political party, the NNPP, is recognized by INEC and registered under Nigerian law.

“We occupy our current position. There have been several reports in the media and on social media, of course, but that only serves to highlight Rabiu Kwankwaso’s status as the politician this nation needs and ought to emulate.

Kwankwaso, the former governor of Kano state, was referred to by the NNPP chieftain as “a strategic politician,” whose credibility has only increased due to his quiet.

He continued by saying that Kwankwaso’s worth seems to be recognized by all of the nation’s major groups.

“People are running free campaigns for him, but he has chosen to remain silent,” Galadima stated.

People are claiming that he is capable, competent, and capable of leading the nation instead of spending money on public relations. What more could a politician possibly provide?

All Nigerians require him. He is an essential member of all political parties. Why not back him to win the presidency of Nigeria so he may apply democracy’s benefits?

Although the PDP, APC, and coalition made genuine political advances, Galadima emphasized that Kwankwaso remained “steadfast and strategic.”

Aliyu Bello Restrained by Court from Parading as APC Chairman in Nasarawa

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A Senior District Court in Lafia, Nasarawa State, has issued an order prohibiting Hon. Aliyu Bello from parading or acting as Chairman of the All Progressives Congress (APC) in the state.

Hon. Abdullah M. Lanze, Senior District Judge, issued the court order on July 3, 2025, following an ex parte motion submitted by the plaintiff, Ibrahim Iliyasu, through his counsel, Z.Y. Suleiman Turaki Esq.

According to the court proceedings, the motion was supported by a 12-paragraph affidavit deposed to by Blessing Emmanuel Ayaka, a litigation secretary at J.J. Gbaja and Associates, which included exhibits.

Read Also: Lawmakers Pledge to Enforce New 5% Levy on Petroleum Products

The court determined that the application had merit and granted it as requested.

“It is hereby ordered that the respondent (Hon. Aliyu Bello), whether by himself, his agents, privies, supporters, or any person acting on his behalf, authority or direction, is restrained from further parading himself, issuing statements, or acting in any manner whatsoever as a member or chairman of the All Progressives Congress (APC) in Nasarawa State,” the court’s order read.

The restriction further prohibits Hon. Bello from performing any duty or communicating in his capacity as APC chairman, whether in the media or otherwise, until the substantive motion on notice is heard and determined.

Court officials confirmed that the order was signed and stamped by the Registrar of the District Court on the same day, July 3, 2025.

The Nasarawa APC is experiencing internal conflict, with various factions vying for leadership and legitimacy.

Lawmakers Pledge to Enforce New 5% Levy on Petroleum Products

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The Federal Roads Maintenance Agency (FERMA) Act of 2007 stipulates a 5% user charge on gasoline products and diesel. The House of Representatives has reaffirmed its commitment to working toward its full implementation.

The House emphasized that the 10th Assembly’s efforts to meet Nigeria’s urgent road development needs continue to prioritize enforcing the provision.

The ad-hoc committee’s chairman, Francis Waive, explained during a technical meeting called by the committee looking into the collection and remittance of a five percent user charge that the purpose of the user charge is to ensure sustainable road maintenance across the country for the benefit of all Nigerians, including the petroleum industry, rather than to raise the price of petroleum products at the pump.

Read Also: Judiciary Under Siege – Ex-Imo NBA Chairman Laments Loss of Independence

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Independent Petroleum Marketers Association of Nigeria (IPMAN), the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), the Federal Inland Revenue Service (FIRS), FERMA, and other important stakeholders agreed to form two subcommittees in order to expedite the process.

Waive urged the members of the subcommittee to provide realistic, actionable suggestions that go beyond formalities, emphasizing that tangible results are essential for both the welfare of Nigerian road users and the country’s development.

The subcommittees will be sworn in on Tuesday, July 8, 2025, according to a release.

“The House of Representatives is steadfast in its efforts to guarantee accountability and transparency in the collection and application of the five percent user fee, with the ultimate objective of repairing and maintaining roads throughout the nation,” Waive stated.

The management team of the Federal Roads Maintenance Agency (FERMA) as well as other pertinent stakeholders from the road and petroleum industries attended the conference.

Judiciary Under Siege – Ex-Imo NBA Chairman Laments Loss of Independence

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Due to political meddling and insufficient finance, the judiciary no longer represents the true hope of the average citizen, according to Barr LUC Nwakaeti, the former chairman of the Nigeria Bar Association (NBA) in Owerri, Imo state.

He claimed that the independence of the judiciary is essential to guaranteeing that justice is administered impartially and fearlessly, and that it is the cornerstone of democracy, the custodian of democratic values, and the defender of the constitution.

The idea of judicial independence, as the final resort of the average person, is, according to Nwakaeti, in reverse in Nigeria.

In Owerri, the capital of Imo state, the former NBA Chairman gave this statement as a guest speaker at the opening of the NUJ Work station on the theme of “the roles of judicial institutions in a democracy.” He claimed that the idea of judicial independence in Nigeria only existed in theory and that judicial decisions, particularly in political cases, are subject to the whims and caprices of the executive branch of government.

He claims that it is disheartening to think that the idea of judicial independence, which is the final resort of the average person, is in reverse gear and has been widely violated in Nigeria in recent years. Even across all types of courts, recent rulings on well-established legal matters—known to lawyers as judicial precedent—have been widely misused. Comparable to a nonexistent concept, the judiciary’s role appears to be in limbo. Although the system is supposedly independent in theory, it is actually susceptible to manipulation by the other branches of government. One cannot say that the long-standing “separation of powers” principle, which assigns the legislative, executive, and judicial branches of government the governmental functions of enacting laws, enforcing laws, and interpreting laws, respectively, is effective.

The statement goes on to say that Nigerian democracy is seriously undermined, and that the rule of law, individual liberties, and rights are mostly ignored or subject to the whims and fancies of the ruling minority.
As the last resort for the average citizen, the judiciary has failed to live up to expectations since it is now subject to political influence and meddling rather than functioning independently from the other arms of government.

Read Also: Charly Boy Blasts ADC Coalition, Calls It a Gathering of ‘Old Wolves’

Judicial corruption, inadequate funding and resources, political interference, case backlogs and delays, and the appointment process are some of the many reasons that jeopardize the success of the aforementioned scenario. According to me, this final factor has become appointments to judicial positions a spousal gift, a generational prerogative, and a means of influencing others. It is not as merit-based as it once was.

A functioning judiciary, according to Nwakaeti, should be able to resolve disputes that inevitably result from unhealthy competition for political power as well as prohibit the misuse of authority by the government and its agents.

Therefore, it is undeniable that a functioning judiciary will be able to manage disputes that inevitably arise from unhealthy competition for political power in addition to controlling the misuse of authority by the government and its agents. A judiciary capable of fulfilling its historic duties of defending civil freedoms, the rule of law, and democratic principles must be the focus of all efforts.

In addition, he stated that for Nigeria’s court to function more effectively, it must not only be well-funded but also that appointments to the judicial system be made solely on the basis of merit rather than at the whim of the president. In light of the recent NJC ruling in Imo State, judicial officers ought to possess both intellectual and moral integrity as well as knowledge of how justice is administered. Only individuals who are capable, honest, disciplined, brave, and willing to administer justice without fear or favor to all parties involved should be appointed as judicial officers.

Charly Boy Blasts ADC Coalition, Calls It a Gathering of ‘Old Wolves’

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Charles Chukwuemeka Oputa, better known as Charly Boy, a popular singer and activist, has dismissed the opposition leaders’ agreement to build a coalition to unseat President Tinubu in 2027.

According to reports, a coalition of political heavyweights from the Peoples Democratic Party, Labour Party, Social Democratic Party, and disgruntled members of the ruling All Progressives Congress (APC) has formed ahead of the 2027 election.

The opposition leaders, led by former Senate President David Mark, had chosen the African Democratic Congress (ADC) as their formal platform for ousting Tinubu in 2027.

While the announcement sparked celebration across the country as opposition regrouped, several Nigerians remain dubious of the opposition figures’ aim.

Omoyele Sowore, a well-known Nigerian activist, separated himself from the movement on Wednesday, accusing opposition leaders of corruption.

Read Also: ‘You Can’t Fix Nigeria’ – Wike Slams ADC Coalition of Failed Politicians

Similarly, Charly Boy wrote in a post on his official Facebook page on Thursday night that members of the coalition are the same ones that “sank this country” and are now singing redemption songs.

According to the entertainer, the objective is not about Nigeria, but about their selfish thirst for power, emphasizing that “it’s just old wolves in the new agbada”

“Coalitions are forming, but let us not pretend that every coalition is making progress.
It’s not uncommon to see ancient wolves in fresh clothes.

“Are they fighting for you, or for the right to sit where their opponents once did?

“Are they shouting “enough is enough” because they’ve changed…” Or because they are no longer reaping the benefits?

“We don’t only want new names. We need new ideals, new visions, and individuals who are willing to live them. 2027 is not about retribution. “It’s all about rescue,” he wrote.