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…
The Director General of the campaign council of the Labour Party (LP), Dr. Doyin Okupe has been sentenced to two years imprisonment by a high court sitting in Abuja, for breaching the money laundering act. In a judgment delivered on Monday, Okupe was found guilty of 26 out of a 59-count charge preferred against him…
A coalition of civil society organisations (CSOs) have raised the alarm over plots to oust Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), from office on trumped-up terrorism charges. Addressing a press conference in Abuja , Tochukwu Ohazuruike, convener of the coalition, alleged that the Department of State Services (DSS) has “secretly” filed…
The death toll in the attack on Malagum 1 and Sokwong communities of Kagoro Chiefdom, Kaura Local Government Area of Kaduna state have risen to 39 following the discovery of 11 more corpses. Earlier reports had put the number of deaths at 28, with several people reportedly missing. A source in the area said the…
