The Central Bank of Nigeria (CBN) has announced revisions to its cash withdrawal and cash deposit regulations, increasing weekly withdrawal limits for individuals and corporate entities. Effective 1 January 2026, all deposit-taking institutions must allow: Individuals to withdraw up to ₦500,000 per week and corporates up to ₦5 million per week across all cash-out channels (ATM, POS, over-the-counter). ATM withdrawals fixed at ₦100,000 per day, within the overall weekly ceiling of ₦500,000. The removal of...

The Dangote Petroleum Refinery has announced ambitious plans to expand its processing capacity from 650,000 barrels per day (bpd) to 1.4 million bpd. Once completed, the facility will overtake India’s Jamnagar to become the largest refinery in the world. Alhaji Aliko Dangote, President of the Dangote Group, made the announcement during a media briefing in Lagos on Sunday. He said, “We are expanding the Dangote Petroleum Refinery from 650,000 barrels per day to 1.4 million...

Seven council chairmen in the Kwara South Senatorial District have agreed to shut down their cattle markets, following security reports. The Chairman of Ifelodun Local Government Area in Kwara State, Hajji AbdulRasheed Yusuf, disclosed this in the Newskeg programme of the Correspondents’ Chapel of the Nigeria Union of Journalists, NUJ, in Ilorin. Yusuf said it was discovered through intelligence reports that informants come to the cattle markets at night to pass information to bandits. “We...

… Gov Commends FG Over Ban On The Cash Crop Governor AbdulRahman AbdulRazaq of Kwara State has hailed the ban on exportation of raw Shea butter by the Federal Government. According to the governor, the step will encourage more production and strengthen the local value chain of the prized cash crop. President Bola Tinubu’s directive comes as Kwara State prepares to launch its 50-tonne Shea processing factory in Kaiama, the second largest in the country and...