2025 – Page 229 – Tamfis Nigeria Limited

06 Jul

Business News, Top Stories

Resumption of International Card Usage in Nigeria (GTB, UBA, ACCESS, and others)

Posted by

Tamunofiniarisa

July 6, 2025

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After nearly three years of suspension (mid‑2022 to early 2023), major Nigerian banks—including GTBank, UBA, and Wema—have resumed international transactions on their Naira debit cards as of July 2025 (nairametrics.com). Previously halted due to forex scarcity and FX market strain, this reinstatement comes alongside improvements in foreign exchange liquidity and stabilization of clear-market rates (firstweeklymagazine.com). ? Spending Limits: What's Allowed? Most banks are granting quarterly limits of up to $1,000, broken down as follows: GTBank: $1,000 per quarter for all international transactions; ATM withdrawals abroad capped at $500 quarterly (nairametrics.com). Note: Some premium customers have reportedly received $4,000 quarterly limits—a variation likely based on profile, history, or card type (nairametrics.com). UBA: Offers $1,000 quarterly limit across its Gold, Platinum, and World Naira Cards for online, POS, and ATM use abroad (nairametrics.com). Wema Bank: Also reinstated international use with a $1,000 quarterly spend...

03 Jul

News

Conflict between Iran and Israel has recently seen a significant escalation

Posted by

Tamunofiniarisa

July 3, 2025

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The conflict between Iran and Israel has recently seen a significant escalation, with a 12-day period of direct military confrontation that concluded with a tentative ceasefire. While the immediate hostilities have ceased, the underlying tensions and strategic implications continue to reverberate across the Middle East. Recent Direct Conflict and Ceasefire: In mid-June 2025, Israel launched a series of "Operation Rising Lion" airstrikes against Iranian military assets and nuclear sites. Israel asserted that these strikes were necessary to prevent Iran from developing a nuclear weapon, a claim they have made for years. The US joined the strikes, targeting three Iranian nuclear facilities, including the deeply buried Fordow plant. This marked a direct entry of the US into the conflict. Iran retaliated with barrages of ballistic missiles and explosive drones targeting Israeli cities, including Tel Aviv and the Gush Dan...

03 Jul

“No One Is Happy About It.” CBS Staffers Were Tired of the Paramount Drama, but the Settlement Intensifies Media-Capitulation Concerns

Posted by

Tamunofiniarisa

July 3, 2025

0

“Enough is enough.” That was the sentiment from inside CBS, one staffer told Vanity Fair, as Paramount reached a settlement agreement on Tuesday with the Trump administration—a move broadly criticized as capitulation. Inside the news institution, which has been rattled by the drawn-out legal saga, executive departures, and claims of editorial interference, all in the context of a looming sale to Skydance, people are ready to move on. Meanwhile, Senator Elizabeth Warren plans to drag the fight to Congress, calling for an investigation into the settlement. “It’s been something that has lasted so long as a trauma,” added the source. And yet, according to this source, “The general sense is no one is happy about it.” In a near midnight agreement on Tuesday, Paramount settled the defamation lawsuit launched over the editing of a preelection interview on...