The Central Bank of Nigeria (CBN) has increased the weekly withdrawal limit across all platforms to ₦500,000, up from the previous limit of ₦100,000. The apex bank also announced a major policy shift eliminating the cap on cash deposits. The new directives were communicated through a circular issued to financial institutions and signed by the Director of the Financial Policy and Regulation Department, Dr. Rita Sike. According to the CBN, […]

The Oyo State Government has constituted a multi-stakeholder committee to address rising concerns surrounding the ongoing Ibadan Circular Road project. The committee includes local government chairmen, mogajis, traditional rulers, community leaders, and representatives of relevant Ministries, Departments and Agencies (MDAs). The initiative aims to strengthen advocacy efforts and enhance community sensitization as construction progresses. Speaking during a press briefing at the Governor’s Office Complex in Ibadan, the Executive Assistant to […]

The Senate has confirmed the appointment of former Chief of Defence Staff, Retired General Christopher Musa, as Nigeria’s new Minister of Defence. His confirmation followed a screening session during Wednesday’s plenary, where lawmakers engaged the nominee in an extensive question-and-answer segment. During the screening, General Musa outlined key security challenges facing the country and discussed the strategic reforms he plans to implement upon assuming office. He emphasized the need for […]

President Bola Ahmed Tinubu on Wednesday swore in five newly appointed Permanent Secretaries, the Chairman of the National Population Commission (NPC), and two commissioners during a brief ceremony held at the Council Chambers of the State House, Abuja. The ceremony took place shortly before the commencement of the Federal Executive Council (FEC) meeting, with the President administering the oath of office in two batches. The first batch comprised the five […]