CBN Raises Weekly Cash Withdrawal Limits for Individuals, Businesses

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...

Senate To Screen Gen. Musa As New Defence Minister

The Senate will today (Wednesday) screen the former Chief of Defence Staff, General Christopher Gwabin Musa, as new minister of defence, following the resignation of Mohammed Badaru citing health-related concerns. The Senate Majority Leader, Senator Opeyemi Bamidele, made the disclosure through a statement issued by his Directorate of Media and Public Affairs. Bamidele, described the exercise as a critical step toward strengthening national security and preserving internal stability. According to him, the upper chamber has...

Gov. Mbah Presents Budget Estimates of N1.62 trillion for 2026 Fiscal Year

The Governor of Enugu State has presented a budget proposal of ₦ 1,062 billion to the Enugu State House of Assembly for the 2026 fiscal year. Presenting the N1.62 trillion budget estimates on Tuesday at the Hallowed Chamber of the House of Assembly, Governor Mbah described it as a budget designed to consolidate ongoing gains, accelerate growth, and deliver development at full scale across the state. The proposed budget represents a 66.5 percent increase over...

AVIC-KDN Exhibits Integrated Aviation Solutions at Nigeria Air Show

Aviation engineering company AVIC-KDN is showcasing its full range of airport and airline solutions at the Nigeria Air Show, which opened Tuesday in Abuja and will run until Thursday, 4 December. AVIC-KDN is participating as a major sponsor and exhibitor. The company stated that its presence reflects its commitment to supporting Nigeria’s efforts to strengthen airport infrastructure, improve operational standards, and enhance overall aviation efficiency. “This is why we opened our Abuja office in 2024,”...

Tinubu Nominates General Christopher Musa as Defence Minister

President Bola Ahmed Tinubu has nominated former Chief of Defence Staff, General Christopher Gwabin Musa, as Nigeria’s new Minister of Defence. The nomination was conveyed in a letter sent to Senate President Godswill Akpabio on Tuesday. General Musa is to replace Alhaji Mohammed Badaru Abubakar, who resigned from the position on Monday. According to the letter, President Tinubu said he was confident that the retired general would strengthen the country’s security system. “further strengthen Nigeria’s...

ADHA Recommends Suspension Of LG Chairman Over Schools Closure

The Adamawa State House of Assembly has recommended the suspension of Chairman Madagali Local Government Council in Adamawa State, Hon. Simon Musa Sashi for three weeks. The lawmakers’ decision followed the closure of schools across the local government area, which they described as the illegal and unconstitutional by Adamawa State House of Assembly. As such, the lawmakers have forwarded recommendation to Governor Ahmadu Umaru Fintiri who hails from the local government to suspend the council...

Activist, Sowore Re-elected As AAC National Chairman

The human rights activist and former presidential candidate of African Action Congress (AAC) has been re-elected as its National Chairman during the National Convention held in Abuja.  Omoyele Sowore was elected as the National Chairman alongside other members of the National Working Committee (NWC). The convention was conducted by the AAC National Convention Planning Committee, chaired by Kayode Babayomi, with Ambassador Umar Y. Abubakar serving as Secretary. The event was attended by party delegates, stakeholders,...

40 Malian, Ivorian Trafficking Victims Rescued By Police In Nasarawa

The Nasarawa State Police Command has rescued 40 victims of human trafficking, including 33 males and 7 females, from a bungalow in Orange Market, Mararaba, Karu Local Government Area of the State. Mohammed Shetima Jauro, the state Police Commissioner, made the disclosure while briefing Journalists in Lafia, the state capital. “The victims, mostly Malian nationals, were lured to Nigeria with promises of job opportunities in France. “They were allegedly held captive and forced to contact...

Defence Minister Badaru Abubakar Resigns on Health Grounds

…Tinubu Welcomes Resignation Nigeria’s Minister of Defence, Alhaji Mohammed Badaru Abubakar, has resigned from office with immediate effect, citing health challenges, according to a statement from the Presidency. Abubakar communicated his decision in a letter dated 1 December and addressed to President Bola Tinubu. In a brief correspondence, he disclosed that he was stepping aside “on health grounds,” bringing his 15-month tenure to an abrupt end at a time when the Tinubu administration is escalating...

Ribadu: Abducted St Mary’s Students ‘Doing Fine’, Will Return Soon

The Federal Government has assured that the more than 300 pupils and staff abducted from St. Mary’s Private Catholic Primary and Secondary School in Papiri, Agwara Local Government Area, Niger State are alive and will soon be reunited with their families. National Security Adviser Nuhu Ribadu gave the assurance during a solidarity visit on Monday to Bulus Dauwa Yohanna, the Bishop of the Catholic Diocese of Kontagora, proprietor of the school, and to worried parents...

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