The Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million. This was revealed in its ‘Circular on Cash-Out Limits for Agent Banking Transactions,’ released on Tuesday. According to the…
The Central Bank of Nigeria (CBN) has reiterated that the old and redesigned N1000, N500, and N200 banknotes remain legal tender and will continue circulating concurrently without deadline. According to the statement issued by Mrs Sidi Hakama, the Acting Director…
The Kaduna State Governor, Uba Sani has returned two landed properties previously revoked by the immediate past administration of Governor Nasir El-Rufai, to the family of late military dictator, General Sani Abacha. The properties located at No 9 Abakpa GRA…
President Bola Tinubu announced that the 2025 budget forecasts a decline in inflation from the current rate of 34.6% to 15% next year. He made this statement during his presentation of the N47.9 trillion budget proposal to a joint session…
Security, defense, infrastructure, health, and education received significant allocations in the N47.9 trillion budget proposal presented by President Bola Tinubu to a joint session of the National Assembly on Wednesday afternoon. “It is with great pleasure that I lay before…
The Authority of Heads of State and Government of ECOWAS has given Burkina Faso, Mali, and Niger six months, from January 29 to July 29, 2025, to reconsider their decision to exit the regional bloc. President of the ECOWAS Commission,…
The National Bureau of Statistics (NBS) reports that Nigerians paid ₦2.23 trillion in ransom to kidnappers over twelve months. The NBS noted that these payments occurred between May 2023 and April 2024. According to the NBS’s latest Crime Experience and…
The Central Bank of Nigeria (CBN) has introduced a daily cash withdrawal limit of N100,000 per customer for transactions conducted through Point-of-Sale (PoS) terminals. This directive, part of efforts to bolster the cashless economy and mitigate financial fraud, was outlined…
A tragic incident unfolded at a private Christian school in Wisconsin, where a student opened fire, resulting in the injury of six individuals and the deaths of a teacher and a teenage student. Madison Police Chief Shon Barnes reported that…
The Inspector-General of Police (IGP), Kayode Egbetokun, has ordered an immediate end to the unlawful arrest and detention of youths, as well as the arbitrary checking and confiscation of phones by police officers nationwide. This directive, which comes amidst mounting…
President Bola Ahmed Tinubu has appointed Aisha Garba, an international development specialist, as the Executive Secretary of Universal Basic Education (UBEC). Garba, a Senior Education Specialist with the World Bank, brings more than twenty-four years of experience driving impactful programmes…
A new bill to ban the use of foreign currencies, including the US Dollar and British Pound Sterling, for domestic transactions in Nigeria has passed its first reading in the Senate. The bill, titled “A Bill for an Act to…
President Bola Tinubu is set to present the 2025 budget to a joint session of the National Assembly on Wednesday. This follows the final approval for its presentation given by the Federal Executive Council on Monday. Speaking to State House…
The Economies of West African States (ECOWAS) has intensified efforts on practical arrangements for the launch of the single currency, ECO for the region following consensus reached in the implementation of the directives issued at its 65th Ordinary Session. This…
President Bola Tinubu has urged the media to support his administration’s proposed tax reforms, calling them a vital step toward creating lasting national wealth and prosperity for all Nigerians. The President recently spoke at the 2024 Nigerian Media Merit Awards…