The Central Bank of Nigeria (CBN) has limited weekly cash withdrawals for individuals to ₦500,000 and corporates to ₦5 million. It gave the directive to banks in a new revised set of rules, stating that the order will take effect from January 2026. This ends the previous special authorisation permitting individuals to withdraw ₦5 million …
The African Petroleum Regulators Forum (AFRIPERF) has adopted Nigeria as its official headquarters. The Forum also elected Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), as the chairman. Before the ratification of the appointment, Komolafe had served as interim chairman of AFRIPERF. According to a statement by NUPRC on Wednesday, the …
Tension began shortly after Akpabio entered the chamber and took over from Deputy Senate President Jibrin Barau, who had been presiding. Upon assuming his seat, Akpabio immediately invited Senate Leader Opeyemi Bamidele and a few other senators to approach the chair for a brief discussion. Goje, displeased with the development, rose swiftly to raise a …
The Edo State House of Assembly has summoned the member representing Egor Constituency, Hon. Natasha Irobosa, to appear before its Ethics and Privileges Committee within one week. The invitation, announced during Wednesday’s plenary in Benin City, follows allegations of misconduct linked to a viral video involving the lawmaker. Speaker Blessing Agbebaku said the committee is …
Wema Bank Plc may emerge as the best-performing banking stock in 2025 on the Nigerian Exchange Limited (NGX). A review of the NGX stock market data by Pinnacle Daily, from the beginning of the year to the end of November, points in this direction. It shows Wema Bank as the only bank that has crossed the …
Justice Mohammed Umar of the Federal Capital Territory High Court on Tuesday granted bail to activist and publisher Omoyele Sowore on self-recognition. The judge cautioned Sowore against making statements capable of inciting the public against President Bola Tinubu. Sowore was arraigned by the Department of State Services (DSS) on a five-count charge bordering on alleged …
Troops of Operation Hadin Kai have rescued 12 kidnapped persons – seven women and five children – who were abducted by Boko Haram along the Gwoza–Limankara Road in Borno State on November 14. The Nigerian Army confirmed the rescue on Tuesday via its official X account. The victims were freed on Sunday during a clearance …
Lagos State will host the inaugural Food and Culture Festival on December 16 and 17, 2025, the Minister of Art, Culture, Tourism, and Creative Economy, Hannatu Musa-Musawa, announced on Tuesday. She said the festival reflects the Federal Government’s commitment to promoting Nigeria’s cultural heritage and using art, culture, and tourism as tools for economic growth, …
U.S. online shopping surged to $44.2 billion over the five-day Thanksgiving-to-Cyber-Monday period, according to new data from Adobe Analytics. Cyber Monday alone brought in $14.25 billion, cementing its place as the biggest online shopping day of the year. Adobe said online spending during Cyber Week rose 7.7% from last year, though the growth rate was …
President Bola Tinubu has appointed six zonal coordinators for the Renewed Hope Initiative Committees, a platform created to drive his administration’s development agenda across the country. Former Delta State governor, Dr. Ifeanyi Arthur Okowa, will coordinate the South-South zone, while former Bauchi State governor, Isah Yuguda, will oversee the North-East. In the North-West, the President …
