December 21, 2022

The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively. This was contained in a circular on Wednesday signed by the Director of Banking Supervision Department, Haruna Mustafa. The development comes two weeks after the CBN…

President Muhammadu Buhari has asked the national assembly to approve a supplementary budget of N819 billion. Buhari’s request was read by Femi Gbajabiamila, speaker of the house of representatives, during plenary session on Wednesday. He said the 2022 supplementary budget would be used to finance infrastructural projects across the country. The national assembly had passed…