CBN Reviews Controversial Weekly Cash Withdrawal Policy

BusinessMoneyNewsNigeriaCBN Reviews Controversial Weekly Cash Withdrawal Policy

By Ezinwanne Onwuka (Senior Reporter)December 23, 2022

Fifteen days after pegging weekly over-the-counter cash withdrawals by individuals and corporate organisations at N100,000 and N500, 000, respectively, the Central Bank of Nigeria (CBN) has reviewed the controversial policy. In a memo issued on Wednesday and signed by Haruna Mustafa, the director of banking supervision, the CBN announced a new maximum cash withdrawal limit of N500,000 and N5,000,000 per week for individuals and corporate entities, respectively. The processing fee for withdrawals above the above-mentioned...

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2023 Elections: Peter Obi Consolidates Dominance as Preferred Presidential Candidate in New Poll

NewsNigeriaPolitics2023 Elections: Peter Obi Consolidates Dominance as Preferred Presidential Candidate in New Poll

By Ezinwanne Onwuka (Senior Reporter)December 23, 2022

The presidential candidate of the Labour Party (LP) has again been touted as the winner of the 25 February 2023 presidential poll. According to the results of a new pre-election opinion poll conducted earlier this month, Obi is ahead of three other frontline candidates: Bola Tinubu of the All Progressives Congress (APC), Atiku Abubakar of the Peoples Democratic Party (PDP), and Rabiu Kwankwaso of the New Nigeria Peoples Party (NNPP). The poll, which was commissioned...

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OPINION: The Promise and Peril of Nigeria’s 2023 Elections

BlogColumnsNigeria ElectionsOpinionOPINION: The Promise and Peril of Nigeria’s 2023 Elections

PilotnewsDecember 23, 2022

All eyes are on Nigeria as it prepares for its general election in early 2023. Has the government convinced Nigerians that their votes, and lives, will be secure? Nigeria’s 2023 general election is just weeks away. With incumbent President Mohammadu Buhari term-limited, the country will be choosing a new leader. That new president will immediately confront an exhausting array of challenges, from multiple, complex security crises to a disastrously mismanaged economy. In a recent Afrobarometer survey, nearly 89...

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Christmas: Anambra CP Bans Sale, Use Of Fireworks, Knockouts, Firecrackers, Others 

NewsNigeriaPoliticsChristmas: Anambra CP Bans Sale, Use Of Fireworks, Knockouts, Firecrackers, Others 

PilotnewsDecember 23, 2022

As part of a proactive measure by the Anambra State Police Command to sustain public safety and peace in the state, the Commissioner of Police, CP Echeng Echeng has banned the sale and use of fireworks, knockouts, and firecrackers in the state. In a release signed by the Public Relations Officer of the Command, DSP Tochukwu Ikenga, “This plan shall enhance adequately already policing strategy put in place that is potently and dynamic to respond...

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Why delivery of Port Harcourt-Maiduguri rail project by May 2023 is no longer  feasible — FG

NewsNigeriaTransportationWhy delivery of Port Harcourt-Maiduguri rail project by May 2023 is no longer  feasible — FG

Beloved John (Staff Writer)December 23, 2022

The failure to secure loans in the international debt market to finance the reconstruction of the Port Harcourt-Maiduguri Rail Line. The Minister of Transportation, Muazu Sambo, disclosed this in Abuja  on Wednesday. This dashes the expectation that a key national infrastructure will be ready in time before the end of the Buhari administration. President Muhammadu Buhari had last March performed the groundbreaking ceremony to commence the reconstruction of the rail line, which was originally built...

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100 IDP Households Gets modern Mud-Brick In Borno

NewsNigeria100 IDP Households Gets modern Mud-Brick In Borno

Hassan Umar Shallpella (Regional Correspondent)December 23, 2022

As part of efforts to decongest camps in Borno State, Nigeria, the International Organization for Migration (IOM) has relocated 100 households displaced by conflicts to modern mud-brick shelters built in Gofta Community in Pulka, Gwoza Local Government Area. Many of those relocated from the state capital chose to move and settle in local government areas that are close to their pre-displacement locations, the burden on existing infrastructure in camps continues to increase, with humanitarian agencies...

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Troops Kill Over 130 Terrorists In Three Weeks In North-East and North–West

Crime & SecurityNewsNigeriaTroops Kill Over 130 Terrorists In Three Weeks In North-East and North–West

Hassan Umar Shallpella (Regional Correspondent)December 23, 2022

Troops of Operations Hadin Kai and Hadarin Daj have killed no fewer than 130 Boko Haram/Islamic State of West Africa State Province terrorists in the last three weeks at separate destinations in the North-East and North–West. Addressing journalists in Abuja on Thursday, the Director of Defence Media Operations, Maj.-Gen. Musa Danmadami, also said troops apprehended four terrorist commanders and 12 logistics suppliers. Maj.-Gen. Danmadami added that 423 terrorists and members of their families comprising 41...

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Insecurity: Federal Government Commences Data Collection Of People In Katsina State

National DevelopmentNewsNigeriaInsecurity: Federal Government Commences Data Collection Of People In Katsina State

Hassan Umar Shallpella (Regional Correspondent)December 23, 2022

The Federal Government has commenced collection of data of people affected by the prevailing insecurity in some Local Government Areas of Katsina State. The team leader, Nadia Muhammed-Soso, who heads the ministry’s Special Duties Department in the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development said on Thursday in Katsina that the aim was to mainstream the victims into all National Social Investment Programmes. Represented by Funke Olatunji, Muhammed-Soso said during a sensitisation...

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Damare Fertilizer Blending Plant To Gulp Over N239 million Naira  

AgricultureNewsNigeriaDamare Fertilizer Blending Plant To Gulp Over N239 million Naira  

Hassan Umar Shallpella (Regional Correspondent)December 22, 2022

To boost agribusiness, the Adamawa State Executive Council has approved has over N61 million naira variation for the supply and installation of thirty metric tons per hour capacity fertilizer blending plant in Damare, Girei Local Government Area of the state. Recall that, the resuscitation of the Fertilizer Blending Plant was initially put the  cost at over N177 million. Dr Umar Garba Pella, State Commissioner of Information and Strategy disclosed this Wednesday while briefing newsmen after...

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Amusan Is Africa’s 2022 Best Female Athlete

AfricaNewsSportsAmusan Is Africa’s 2022 Best Female Athlete

By Ezinwanne Onwuka (Senior Reporter)December 22, 2022

The Confederation of African Athletics (CAA) on Tuesday honoured Oluwatobilola Amusan for her record-breaking feats on the track this year with the ‘Africa’s best female athlete for the year 2022’ title. In July, Amusan set a new world record of 12.12 seconds during the 100m hurdles semifinal at the World Athletics Championships held in Eugene, Oregon, United States, breaking the 12.20s record set by America’s Kendra Harrison in 2016. She followed it up with a...

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